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Lake Oswego Open Houses – May 30-June 1, 2008

Homes priced from the low $300s to $1.7M are open for your viewing this weekend, including our Linda Trotta’s remodeled listing on Greentree. Drop in and say Hi.

Here’s the list of Lake Oswego opens for Saturday and Sunday:

Date Time Address
List Price
Bdrms
Baths
Total SF
5/31/08 2-5pm 11 SUMMIT RIDGE CT
$319,000
2
2.1
1,576
6/1/08 1-4 PM 16155 SW KIMBALL AVE
$349,900
3
1
1,488
6/1/08 1-3pm 5720 SW KENNY ST
$359,000
3
2
1,416
6/1/08 1:00-3:00 4974 SUNTREE LN
$396,700
2
2.1
1,652
6/1/08 12:30-3:30pm 17650 ARBOR LN
$399,900
3
3
2,043
6/1/08 1:00 – 4:00 907 BULLOCK ST
$429,500
4
2
2,020
6/1/08 1-4pm 4284 WEST BAY RD
$439,900
3
2
1,539
6/1/08 1 to 4 54 Aquinas ST
$575,000
3
2.1
3,236
6/1/08 2:00-4:00PM 1448 GREENTREE CIR
$588,000
3
2.1
2,587
6/1/08 1-4pm 1038 BAYBERRY RD
$599,900
5
4
2,890
6/1/08 1-4pm 5657 GRAND OAKS DR
$609,900
3
2.1
2,888
6/1/08 1:00 – 3:00 14412 MEADOW GRASS ST
$625,000
4
2.1
3,563
6/1/08 1-4 pm 13500 TWIN CREEK LN
$679,000
4
2.1
3,049
6/1/08 12-2pm 14 Del Prado
$699,000
5
3.1
4,094
6/1/08 1PM-4PM 1 BRITTEN CT
$699,950
4
3
2,325
6/1/08 1-4 PM 3211 ALBER SPRING CT
$825,000
4
2.1
2,993
6/1/08 1-3pm 645 Country Club RD
$859,900
4
2.1
3,262
6/1/08 12-3pm 2357 HILLSIDE LN
$874,900
5
3
4,162
6/1/08 12:00-2:00 18280 DELENKA LN
$899,900
5
3.1
4,405
6/1/08 1-4pm 13915 SUNDELEAF DR
$998,000
4
3.1
4,090
6/1/08 1-3pm 3540 RED CEDAR WAY
$999,000
5
3.1
4,100
5/31/08 12-3pm 161 FURNACE ST
$999,990
2
2
2,401
6/1/08 3-5pm 13701 SW KNAUS RD
$1,299,000
5
4.1
5,730
5/31/08 1-3pm 622 OAK MEADOW DR
$1,325,000
4
3.1
4,168
5/31/08 1-3pm 17464 RIDGEVIEW LN
$1,348,950
4
3.1
4,407
5/31/08 1-3pm 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,659
6/1/08 3-5PM 2600 DELLWOOD DR
$1,699,000
4
3
3,690

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

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Featured Home – 16081 SW Pearcy St.

This week, we’re pleased to highlight a new listing in Lake Oswego’s Southshore/Hallinan neighborhood.

This three bedroom, three bath home features a fenced, low-maintenance yard, air conditioning, and a spacious, full-length deck in the back for entertaining.

At $425,000, it might just be the best value in the south end of town.

16081 SW Pearcy St., Lake Oswego, OR 97034
ML# 8049937 | Map
3 bedrooms, 3 bathrooms, 1,919 sq. ft.
Listed at $425,000

For more information or to schedule a showing, please contact us with an email.

Listing courtesy of Robbyn Foggia at Advanced Real Estate Services.

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Mountain Park

Mountain Park is a 700 acre planned community on the East side of Lake Oswego. Itmt-park-rec-center.jpg was the vision of Carl Halvorson (the man who Halvorson Island, the only private island in Oswego Lake, is named after). Developed in 1968, it is built on a dormant volcano, Mt. Sylvania. The population of Mt. Park fluctuates between 8,000 and 8.500 people meaning that just about 1 in 5 people who live in Lake Oswego live in Mt. Park. It also means that the Mountain Park Home Owner’s Association is one of the largest HOAs in the United States.

Households in Mt. Park include single family residences, townhouses, condominiums, and apartments. Every residence pays a semiannual fee. The fee averages about $400 per year and is used to maintain Mt. Parks extensive common areas. These include 185 acres of trails (15 miles worth!), parks, pathways, 3 tennis courts, and the recreation center.

The recreation center is a gorgeous facility with 2 weight rooms, a basketball court, steam and sauna, a massage therapy center, and community rooms that are available for hosting banquets and receptions. The recreation center offers a variety of classes that are free to members of the Home Owner’s Association: mind/body and traditional fitness classes, and water exercise classes (which are taught at the pool at Lake Oswego High School). There are also youth and adult activities such as game night, Kids Nite Out, Mah Jongg, and seasonal events.

The HOA publishes a neighborhood newsletter called “Parkways and Medley” where you can find out about classes and the current neighborhood events.

mt-park-street.jpgBecause the community was planned, and pretty much all built at once, there is a uniformity to the neighborhood with well-cared for lawns and the stately sweep of hillside streets. Pricing goes from a low of $139,900 for a condominium to a high of $699,950 for a 4 bedroom house. Being on a hill, many of the homes and condos have views of Mt. Hood and Portland. Be aware that not all homes in Mt. Park are in the Lake Oswego school district. About 25% of Mt. Park along the North side has Lake Oswego addresses but is in the attendance area for Portland Public Schools. Property values are higher for homes in the Lake Oswego school district.

The whole idea of a planned community was pretty new back in 1968. Today this sort of community is being built and duplicated all over the country. But Mt. Park was a pioneer of the genre. And it has aged well. The neighborhood is clean and well cared for, and the recreational lifestyle is great.

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Lake Oswego Real Estate Activity – May 19-25, 2008

Nearly 40 homes became available or were re-listed last week in the Lake Oswego real estate market. Nearly half as many listings went sale pending or actually closed escrow.

Here is the latest Lake Oswego real estate market activity report (look to the bottom for definitions and research criteria):

NEWLY LISTED (May 19 – 25, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
4 TOUCHSTONE
$135,900
2
2
984
CONDO
5/18
55 OSWEGO SMT
$139,999
1
1
721
CONDO
5/20
45 EAGLE CREST DR
$163,333
1
1
768
CONDO
5/22
45 EAGLE CREST DR
$165,000
1
1
780
CONDO
5/18
86 KINGSGATE RD
$169,900
2
2
849
CONDO
5/18
132 OSWEGO SMT
$235,500
2
2
1,140
CONDO
5/22
222 CERVANTES
$299,900
3
1.1
1,464
CONDO
5/19
16692 SW LAKE FOREST BLVD
$299,900
2
1
1,690
DETACHD
5/20
5060 FOOTHILLS DR
$325,000
2
2
1,252
CONDO
5/21
196 RIDGEWAY RD
$349,000
2
1
1,659
CONDO
5/21
5720 SW KENNY ST
$359,000
3
2
1,416
DETACHD
5/22
18341 SW FERNBROOK CT
$359,000
4
2
1,872
DETACHD
5/20
1640 WORTHINGTON ST
$390,000
4
3
2,342
DETACHD
5/19
2 BECKET ST
$399,000
4
2.1
2,402
DETACHD
5/19
1695 MEADOWS DR
$417,500
4
3
2,185
DETACHD
5/22
16081 SW PEARCY ST
$425,000
3
3
1,919
DETACHD
5/19
25 CHURCHILL DOWNS
$425,000
4
3
2,195
DETACHD
5/18
18281 WOOD THRUSH CIR
$448,500
4
2.1
2,296
DETACHD
5/21
2 MORNINGVIEW CIR
$569,900
3
2.1
2,954
DETACHD
5/20
1448 GREENTREE CIR
$588,000
3
2.1
2,587
DETACHD
5/22
14412 MEADOW GRASS ST
$625,000
4
2.1
3,563
DETACHD
5/22
999 OXFORD DR
$639,900
4
3
3,117
ATTACHD
5/19
16695 GLENWOOD CT
$649,900
4
3
3,104
DETACHD
5/21
5448 LANGFORD LN
$688,500
3
2.1
2,717
DETACHD
5/22
13222 DEERFIELD CT
$699,500
4
2.1
3,022
DETACHD
5/21
4105 DOUGLAS WAY
$725,000
4
2.1
3,000
DETACHD
5/22
606 2ND ST
$749,900
4
3
3,022
DETACHD
5/19
868 7TH ST
$750,000
4
2
1,755
DETACHD
5/23
19863 SW SYCAMORE AVE
$795,000
4
3
2,961
DETACHD
5/24
547 MIDDLECREST RD
$799,500
2
2.1
1,881
DETACHD
5/18
4006 CANAL WOODS CT
$839,000
4
3.1
3,514
DETACHD
5/20
144 MIDDLECREST RD
$849,900
3
2.1
4,392
DETACHD
5/19
13915 SUNDELEAF DR
$998,000
4
3.1
4,090
DETACHD
5/22
4745 DOGWOOD DR
$1,075,000
4
4
3,887
DETACHD
5/21
590 OAK MEADOW DR
$1,498,950
4
4.1
4,584
DETACHD
5/20
2811 ARROWHEAD CT
$1,895,000
3
3.1
3,740
DETACHD
5/24
1340 CHERRY LN
$1,950,000
4
4.1
5,795
DETACHD
5/21
4464 LAKEVIEW BLVD
$1,975,000
4
4.1
3,612
DETACHD
5/22
975 LAKE FRONT RD
$2,100,000
3
3
3,232
DETACHD
5/18

PENDING SALES (May 19 – 25, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
PENDING DATE
750 1ST ST
$254,900
2
2
1,350
CONDO
5/20
482 S STATE ST
$295,000
2
1
1,659
CONDO
5/23
428 ASH ST
$424,900
5
5
4,380
DETACHD
5/22
2005 RIDGEWOOD LN
$739,900
4
3
2,380
DETACHD
5/22
4136 CASEY CT.
$998,850
5
3.1
3,998
DETACHD
5/20
3122 UPPER DR
$1,350,000
4
4
3,851
DETACHD
5/21
3010 UPPER DR
$1,495,000
4
4
4,373
DETACHD
5/18

SOLD (MAY 12 – May 18, 2008)

ADDRESS SALE PRICE ORIGINAL PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
42 OSWEGO SMT
$130,000
$144,900
1
1
764
CONDO
109
6929 SW MONTAUK CIR
$155,000
$159,900
2
1
968
CONDO
233
15486 BRIANNE CT
$287,000
$319,947
2
2.1
1,246
ATTACHD
44
15115 Twin Fir RD
$334,000
$369,900
3
2
1,392
DETACHD
31 ORIOLE LN
$345,500
$369,000
3
3
1,968
DETACHD
14
1245 LEE ST
$354,000
$399,900
3
1.1
1,316
DETACHD
67
4648 REMBRANDT LN
$410,000
$439,000
3
2.1
1,793
DETACHD
183
1588 CHERRY LN
$425,100
$425,000
3
2
2,001
DETACHD
7
960 BULLOCK ST
$455,000
$448,900
3
2
2,550
DETACHD
8
1091 BICKNER ST
$595,000
$645,000
4
2
2,510
DETACHD
76
2070 RIDGE POINTE DR
$1,100,000
$1,149,900
4
5
5,400
DETACHD
32

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

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Lake Oswego Open Houses – May 24-25, 2008

A holiday weekend means fewer Open Houses on tour.

Here’s the list of Lake Oswego opens for this weekend:

Date Time Address
List Price
Bdrms
Baths
Total SF
5/25/08 12pm-2pm 287 CERVANTES
$249,900
3
1.1
1,144
5/25/08 1-4pm 16155 SW KIMBALL AVE
$349,900
3
1
1,488
5/25/08 1-4pm 1038 BAYBERRY RD
$599,900
5
4
2,890
5/25/08 1-4pm 17755 TREETOP LN
$769,000
5
3.1
3,864
5/25/08 2:00-4:00 1821 HEADLEE LN
$879,000
2
2
2,187
5/25/08 1-4pm 4045 PFEIFER CT
$969,000
4
3.1
3,887
5/25/08 1-4pm 17211 BLUE HERON RD
$1,269,000
3
2.1
2,721
5/25/08 1-3pm 622 OAK MEADOW DR
$1,325,000
4
3.1
4,168
5/25/08 1-3pm 17464 RIDGEVIEW LN
$1,348,950
4
3.1
4,407
5/25/08 1-3pm 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,659
5/25/08 2-4pm 1725 EDGECLIFF TER
$2,199,000
3
3.5
5,386

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. If links to properties do not bring up property information, the listing may no longer be active (i.e. expired, cancelled, pending, or sold).

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Green Lingo

earth_1.jpg

Most of us are aware that being “Green” is becoming more and more of a focus in nearly all areas of our life including: organic foods, local products (to avoid fuel for transportation), eco-conscious goods of all kinds, earth-friendly energy solutions, bio fuels, energy-efficiency, recycling, the paperless movement and on & on. The world of real estate is not exempt from this burgeoning awareness of all things green, and the demand for green buildings is creating a new language as well.

From “Carbon Footprint” to “Green-Washing”, you’d better come up to speed or you may be left wondering what in the world people are talking about around the water cooler, or at your next cocktail party. (Smile… pretend… maybe it will come to you!) Fortunately the city of Portland’s Office of Sustainable Development http://www.portlandonline.com/osd/ has come to the rescue with a glossary of terms to help even the most confused among us. Here are a few terms from this glossary that you may find useful to know:

Adaptive Reuse- Rehabilitation of a building or site for new uses.

Biodegradable- Capable of decomposing under natural conditions.

Brownfield- Abandoned, idled, or under-used industrial and commercial facility/site where expansion or redevelopment is complicated by environmental contamination.

Carbon Footprint- A measure of the impact human activities have on the environment in terms of the amount of greenhouse gases produced, measured in units of carbon dioxide.

Daylighting- The use of controlled natural lighting methods indoors through skylights, windows, and reflected light.

E-Waste- Waste materials generated from using or discarding electronic devices, such as computers, televisions, and mobile phones. E-waste tends to be highly toxic to humans, plants and animals, and has been known to contaminate water, air and dirt.

Graywater- Water that has been used for showering, clothes-washing, and faucet uses. Kitchen sink and toilet water is excluded. This water can be reused in subsurface irrigation for yards.

Green Building- An integrated framework of design, construction, and operational practices that encompasses the environmental, economic, and social impacts of the buildings.

Green Design- A design, usually architectural, conforming to environmentally sound principles of building, material and energy use. A green building might make use of solar panels, skylights and recycled building materials.

Green Development- A development approach that goes beyond conventional development practices by integrating environmental responsiveness, resource efficiency and efficient building operations.

Green Wash- To falsely claim a product is environmentally sound. Also known as “faux green”. Disinformation disseminated by an organization so as to present an environmentally responsible public image.

LEED (Leadership in Energy and Environmental Design)- Certification program created by the U.S. Green Building Council that sets standards for efficient and sustainable design.

Mixed-Use Development- A development in one or several buildings that combines several revenue-producing uses that are integrated into a comprehensive plan such as a project with elements of housing, retail and office space.

Negawatt- The saving of a megawatt of power by reducing consumption or increasing efficiency.

Pervious Paving- Paving material that allows water to penetrate to the soil below thus reducing the amount of water that needs to be treated by the water system, and increases the water in the aquifer.

Solar Access- Access to the sun’s rays by, for instance, restricting the location of shade trees or laying out of the building so as to maximize the usefulness of solar energy.

Triple Bottom Line- A business and development philosophy incorporating the three E’s: equity, environment, economics. Also referred to as the three P’s: people, planet, profit.

Waste Heat Recovery- The reclaiming of waste heat in a building to preheat cold water or air before it is fed into a water heater or heating system.

Xeriscape (registered)- Creative landscaping design for conserving water that uses drought-resistant or drought-tolerant plants. A registered trademark of Denver Water.

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Lake Oswego Real Estate Market Results – April 2008

A quick recap for Lake Oswego’s April real estate results…

The sales volume in Lake Oswego during April (41 sold) was about 1/2 of April 2007’s pace (85 sold) for all condo, attached, and single-family homes. On the upside, heading into May, approximately 85 homes are sale pending.

The light statistical sample is heavily affected by Lake Oswego’s single-family home price range, so average pricing for all homes was still north of $623,000.

Buyers are looking for values, and as of early May, have access to nearly 680 active listings. That may have a lot to do with April’s final sale prices coming in at 90% average of sellers’ original listing price.

Following is a breakdown of property types by average sale prices, market time, and size:

LAKE OSWEGO MARKET ACTIVITY – APRIL, 2008

PROPERTY TYPE
QUANTITY SOLD
AVG SALE PRICE
AVG SQ. FT.
SALE PRICE VS. ORIG. LIST PRICE
AVG MARKET TIME*
Condominiums
10
$231,695
1,159
78%
152
Attached Homes
2
$457,000
2,060
98%
11
Single Family Detached Homes
29
$769,813
3,149
91%
103
SUMMARY
41
$623,306
2,611
90%
110

* Market time or Days on Market (DOM) refers to the number of days between the time the listing becomes active in the multiple listing service and the date of when an offer has been accepted by the seller.

Data courtesy of RMLS.

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Lake Oswego Real Estate Activity – May 11-18, 2008

New listings (39) continue to pour in, but pending (14) and closed sales (16) over the past couple weeks are nearly keeping pace.

Here is the latest Lake Oswego real estate market activity report (look to the bottom for definitions and research criteria):

NEWLY LISTED (May 12 – 18, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
32 OSWEGO SMT
$149,900
1
1
752
CONDO
5/11
86 KINGSGATE RD
$185,000
2
2
938
CONDO
5/14
44 EAGLE CREST DR
$199,950
2
2
1,085
CONDO
5/15
200 BURNHAM RD
$315,000
2
2
1,334
CONDO
5/15
3 PEACOCK PL
$324,900
3
2.1
1,430
DETACHD
5/11
668 MCVEY AVE
$349,900
2
0.1
836
CONDO
5/14
18121 SW TUALATA AVE
$389,000
3
2
1,766
DETACHD
5/11
16121 SW KIMBALL AVE
$399,900
3
2
1,596
DETACHD
5/12
4284 WEST BAY RD
$439,900
3
2
1,539
DETACHD
5/12
1720 WOODLAND TER
$475,000
4
2.1
2,786
DETACHD
5/14
15200 TWIN FIR RD
$500,000
3
2.1
2,329
DETACHD
5/13
1695 HALLINAN ST
$549,900
4
2.1
2,763
DETACHD
5/11
13242 VERMEER DR
$578,000
3
2.1
2,100
DETACHD
5/12
1038 BAYBERRY RD
$599,900
5
4
2,890
DETACHD
5/11
5657 GRAND OAKS DR
$609,900
3
2.1
2,888
DETACHD
5/12
12724 ALTO PARK RD
$650,000
3
2
1,820
DETACHD
5/15
3061 WESTVIEW CT
$670,000
4
3
3,396
DETACHD
5/15
13500 TWIN CREEK LN
$679,000
4
2.1
3,049
DETACHD
5/16
668 McVey AVE
$699,850
3
1.1
985
CONDO
5/11
18411 TAMAWAY DR
$725,000
4
2.1
2,576
DETACHD
5/11
14062 CHELSEA DR
$729,000
4
2.1
2,974
DETACHD
5/14
17561 SHEPHERDS CT
$744,900
4
2.1
3,011
DETACHD
5/14
17141 WALL ST
$759,900
4
2
3,540
DETACHD
5/17
17850 SW PILKINGTON RD
$779,000
3
2
3,222
DETACHD
5/17
2704 ORCHARD HILL LN
$789,000
5
3
3,207
DETACHD
5/16
17879 HILLSIDE DR
$799,900
3
3
3,149
DETACHD
5/11
13581 SW GOODALL RD
$810,000
3
1
1,200
DETACHD
5/11
2357 HILLSIDE LN
$874,900
5
3
4,162
DETACHD
5/16
15459 VILLAGE DR
$899,000
4
3.1
3,059
DETACHD
5/12
18148 PIONEER CT
$1,050,000
5
3
3,542
DETACHD
5/16
1835 CEDAR CT
$1,099,000
3
3.1
3,165
DETACHD
5/12
19463 SW Lorna LN
$1,144,000
4
3.1
4,024
DETACHD
5/15
2801 LAKEVIEW BLVD
$1,211,000
3
3.2
3,400
DETACHD
5/12
3122 UPPER DR
$1,350,000
4
4
3,851
DETACHD
5/11
3010 UPPER DR
$1,495,000
4
4
4,373
DETACHD
5/11
3820 SOUTHSHORE BLVD
$1,595,000
5
4
4,855
DETACHD
5/11
2600 DELLWOOD DR
$1,699,000
4
3
3,690
DETACHD
5/14
3178 DOUGLAS CIR
$1,875,000
5
4.1
5,256
DETACHD
5/15
2778 GLENMORRIE DR
$2,199,000
5
4.3
6,263
DETACHD
5/12

PENDING SALES (May 12 – 18, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
PENDING DATE
4618 LOWER DR
$179,900
2
1.1
1,260
CONDO
5/14
5803 SW MCEWAN RD
$335,000
4
2
1,485
DETACHD
5/14
5333 SW KENNY ST
$339,900
3
1.1
1,248
DETACHD
5/12
15950 SW PARKER RD
$379,000
3
1
924
DETACHD
5/17
820 BOCA RATAN DR
$397,000
4
3.1
2,810
DETACHD
5/12
14584 DORIS AVE
$399,900
3
2
1,500
DETACHD
5/14
16400 WESTVIEW RD
$429,500
2
1
1,217
DETACHD
5/13
19061 SW INDIAN SPRINGS RD
$439,950
5
3
2,341
DETACHD
5/12
4361 DOUGLAS WAY
$529,900
4
3.1
2,728
DETACHD
5/11
4231 SUNSET DR
$549,900
3
2
2,852
DETACHD
5/14
18064 JENIFERS WAY
$749,000
4
2.1
2,859
DETACHD
5/17
5644 SUNCREEK DR
$774,500
4
3.1
3,616
DETACHD
5/14
1443 Country Commons LN
$799,000
3
2.5
3,357
DETACHD
5/12
17610 Brookhurst Drive
$839,900
5
3.1
4,160
DETACHD
5/12

SOLD (MAY 5 – May 11, 2008)

ADDRESS SOLD PRICE ORIGINAL PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
8 CRESTFIELD CT
$144,900
$144,900
1
1
689
CONDO
30
18 WHEATHERSTONE PL
$285,000
$293,000
3
2.1
1,692
CONDO
5
16200 Pacific HWY
$318,000
$449,850
2
2
1,208
CONDO
43
4070 VIRGINIA WAY
$320,000
$455,000
4
2
1,728
DETACHD
205
15254 BOONES WAY
$360,000
$368,850
3
2
1,600
ATTACHD
25
17061 CRESTVIEW DR
$478,000
$525,000
4
2
2,216
DETACHD
88
17488 Mardee AVE
$500,000
$545,000
4
2.1
2,168
DETACHD
142
5808 BAY POINT DR
$572,000
$689,950
4
2.1
2,860
DETACHD
207
136 D AVE
$575,000
$608,900
2
2.1
1,741
ATTACHD
490 IRON MOUNTAIN BLVD
$595,000
$869,000
2
2
2,246
DETACHD
27
2340 PARK RD
$695,000
$799,000
3
3
3,200
DETACHD
131
5642 LA MESA CT
$700,000
$869,000
4
2.1
3,361
DETACHD
153
15737 TARA PL
$729,000
$799,900
4
2.1
3,057
DETACHD
206
18720 WESTVIEW DR
$850,000
$879,000
4
3
3,244
DETACHD
8
4210 VIRGINIA WAY
$855,000
$879,000
4
4.1
3,423
DETACHD
137
4077 WESTBAY RD
$1,450,000
$1,579,000
4
4
3,367
DETACHD
98

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer.

If links to ACTIVE properties do not bring up property information, the listing is no longer active (i.e. expired, cancelled, pending, or sold).

Posted on

Lake Oswego Open Houses – May 17-18, 2008

Warm weather means a wealth of open houses in Lake Oswego for the weekend of May 17 and 18. Here’s the list:

Date Time Address List Price Bdrms Baths Total SF
5/18/08 3-5pm 86 KINGSGATE RD
$185,000
2
2
849
5/18/08 11am-1pm 86 KINGSGATE RD
$185,000
2
2
938
5/18/08 1-3pm 450 S STATE ST
$229,900
2
1
800
5/18/08 1-4pm 11 SUMMIT RIDGE CT
$319,000
2
2.1
1,576
5/18/08 2-4pm 3 PEACOCK PL
$324,900
3
2.1
1,430
5/18/08 1-3pm 152 RIDGEWAY RD
$349,900
2
1.1
1,794
5/18/08 1-3pm 1024 GANS RD
$359,999
4
2
1,560
5/17/08 1-3 PM 4211 WOODSIDE CIR
$375,000
3
2
1,688
5/18/08 1-3pm 19250 SW MAREE CT
$395,000
3
2.1
1,519
5/18/08 12-3pm 17650 ARBOR LN
$399,900
3
3
2,043
5/17/08 1 – 4 pm 800 WOODWAY CT
$425,000
4
3
2,066
5/17/08 12-2pm 4664 SW FIRWOOD RD
$425,900
3
2
1,640
5/18/08 1:00 – 4:00 907 BULLOCK ST
$429,500
4
2
2,020
5/17/08 11am – 1pm 820 MCVEY AVE
$434,500
3
1.1
1,446
5/18/08 3:00-5:00 666 3RD ST
$454,950
3
1.1
1,759
5/18/08 12:00-2:00 5079 W SUNSET DR
$498,950
2
2.1
1,760
5/18/08 1pm-3pm 17 ABELARD ST
$519,000
3
2
2,070
5/17/08 1:30 – 4:30 918 LAKE FRONT RD
$524,950
2
1
921
5/18/08 2-4 PM 960 9TH ST
$525,000
3
1
1,429
5/18/08 1 -4 pm 13340 AUBURN CT
$539,900
3
2.1
2,451
5/18/08 2 – 5PM 200 BURNHAM RD
$565,000
3
2
1,894
5/18/08 1pm-4pm 3355 UPPER DR
$599,900
4
2
3,205
5/18/08 2 – 4 pm 3745 TEMPEST DR
$629,900
4
3
2,743
5/18/08 1-3pm 10 BUCKINGHAM TER
$649,000
4
3
3,765
5/18/08 1-4pm 8 CAMELOT CT
$650,000
5
3
3,080
5/18/08 1:30 – 4 PM 17 CELLINI CT
$655,000
5
3.1
3,113
5/18/08 1-4pm 510 NORTHSHORE RD
$669,000
3
3
2,380
5/18/08 1-4 PM 5624 SOUTHWOOD DR
$695,000
4
3
3,120
5/17/08 1-4 PM 18086 JENIFERS WAY
$719,900
3
2.1
2,566
5/18/08 1-4 PM 18086 JENIFERS WAY
$719,900
3
2.1
2,566
5/18/08 11:00-2:00 5413 LANGFORD LN
$728,950
3
2.1
2,891
5/18/08 11:00-2:00 5364 LANGFORD LN
$738,950
3
2.1
2,932
5/18/08 1-4 PM 34 HILLSHIRE DR
$740,000
4
2.1
3,822
5/17/08 1-5pm 17454 CANAL (boat esmnt) CIR
$744,900
4
3
2,475
5/18/08 12-4pm 17454 CANAL (boat esmnt) CIR
$744,900
4
3
2,475
5/18/08 1-4 PM 435 8TH ST
$749,900
4
3.1
2,505
5/17/08 1-3pm 3886 TAMARACK LN
$769,000
4
3.1
4,010
5/18/08 1-3pm 3886 TAMARACK LN
$769,000
4
3.1
4,010
5/18/08 12 – 2pm 5644 SUNCREEK DR
$774,500
4
3.1
3,524
5/18/08 11:00-2:00 5455 LANGFORD LN
$788,950
3
2.1
3,341
5/18/08 1pm-4pm 4064 ORCHARD DR
$799,000
4
2.1
3,600
5/18/08 1-4 pm 9 JUAREZ ST
$805,000
3
3.1
2,823
5/18/08 12:30-2:30 569 7TH ST
$849,950
5
4
3,186
5/18/08 2:30-4:30pm 1835 CEDAR CT
$1,099,000
3
3.1
3,165
5/18/08 2-4 PM 15540 VILLAGE DR
$1,099,000
5
2.1
3,780
5/18/08 2-4pm 13701 SW KNAUS RD
$1,399,000
5
4.1
5,730
5/18/08 2PM-4PM 2600 DELLWOOD DR
$1,699,000
4
3
3,690
5/18/08 1-4pm 244 SW BIRDSHILL RD
$1,195,000
3
2.1
3,000

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon.

Posted on

In-Ground Oil Tanks

Oil Tank Decommissioning For most of the 20th century, oil heat was the primary method of heating homes. If you own or are considering purchasing a home that was built before 1965, chances are pretty good that the house had oil heat. And chances are also pretty good that the oil tank was buried in the ground.

Should you be afraid to buy a home with an in-ground tank? No.

Should you be afraid of selling your home if it has an in-ground tank? No.

In both instances the necessary steps that you should take are clearly outlined by the Department of Environmental Quality. As a seller, you want to minimize your liability and be certain that once the house is sold, you will never have the old oil tank come back to haunt you. To do this, you must obtain soil samples to prove that the tank has not contaminated the surrounding soil. If the tank is still in use, the soil samples will prove that the tank had not contaminated the surrounding soil at the time that the house was sold. If tank is no longer in use, you are encouraged to have the tank decommissioned.

Decommissioning the tank involves emptying it of oil, cleaning it out, and filling it with concrete slurry that will harden into a big cement rock in the ground. While decommissioning the tank is voluntary, many lenders and most buyers will make this a condition of the sale. If you do not take the necessary steps to prove that the soil was clean at the time the house was sold, and soil samples taken later show that a contamination has occurred, you can be liable for the cost to clean up the soil even after the house has transferred to a new owner. So, take the proper steps now to assure that you will not have a problem in the future.

Whenever work is done on an in-ground tank, it should be performed by a licensed and bonded contractor who is certified with the DEQ. After the work is completed, a certificated of compliance will be issued. This is paperwork that needs to be saved and transfered with the property to every subsequent owner. Cost to do soil testing will run about $200-$400. Cost of decommissioning will run about $800 to $1,200. Can it cost more, yes, but that is a minority of the cases.

If you are wanting to buy a house with an in-ground oil tank, should you be afraid to purchase? No. Simply make the soil testing and the decommissioning of the tank a condition of the purchase. You are strongly advised to get this taken care of before you buy the house. If you buy the house with an in-ground tank, and you discover later that the tank has leaked, you have now taken ownership of the problem.

How bad can it get? There certainly are horror stories of soil clean up costs running into the thousands and thousands of dollars. In my 20 years of selling real estate, the most costly clean-up I have encountered involved bringing in a backhoe to remove a tank and dig a hole about 15 feet in diameter. It cost the seller $8,000.

Information on oil tanks are surprisingly undocumented. There are not good resources for looking up records about in-ground tanks. The DEQ does not regulate in-ground tanks beyond requiring that they be reported if they have leaked. Then, the DEQ does open a file on them and there is a process to clean up the contamination and get the file closed. However, if no leak has been reported to the DEQ, they will not have a record of the tank. And do not rely on city records or fire department knowledge of in-ground tanks. This means that even if a seller has no knowledge of an in-ground tank, you may want to consider having the yard of an older home scanned with a metal detector to confirm that no tank exists in the yard.

In all cases, it is best to take every precaution to be in compliance with soil testing and tank decommissioning when you buy or sell a home. Taking the proper steps now will save both buyers and sellers heartache later.

Links: Oregon DEQ Tank Decommissioning FAQ