Lake Oswego Open Houses – October 4-5, 2008

Whoa…a copious number of open houses this weekend in Lake Oswego. If you’re in the $1M+ price range, this list ought to keep you busy.

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

Date Time MLS # Address
List Price
Bdrms
Baths
Total SF
10/5/08 1 to 4pm 8071442 5487 SW TUALATA CT
$285,000
3
3
1,500
10/5/08 12:-30-3:30 8060647 4458 THUNDER VISTA LN
$334,500
3
2.1
2,200
10/5/08 1-3pm 8095056 57 GREENRIDGE CT
$349,900
2
2
1,314
10/5/08 1-4pm 8089458 918 LAKE FRONT RD
$399,999
2
1
921
10/4/08 12pm-2pm 8070627 2256 GLENMORRIE DR
$415,000
3
2
1,798
10/5/08 2:30-4:30 8093016 75 CONDOLEA WAY
$449,000
3
3
2,131
10/5/08 12 to 3 8082573 668 4TH ST
$449,900
2
2
1,502
10/5/08 2-4pm 8068876 1265 ROCKINGHORSE LN
$459,000
4
3
2,402
10/5/08 1-3pm 8095301 3355 UPPER DR
$539,000
4
2
3,205
10/5/08 1:00-3:00 8083631 17445 LAKE HAVEN DR
$579,900
4
3
2,949
10/5/08 2-4pm 8066402 1141 TROON RD
$677,950
4
3
2,522
10/5/08 1-4PM 8096025 3211 ALBER SPRING CT
$679,000
4
2.1
3,002
10/5/08 1-3pm 8048262 17561 SHEPHERDS CT
$699,950
4
2.1
3,011
10/5/08 1-3pm 8078098 5960 CLAIRMONT CT
$749,000
4
2.1
3,000
10/4/08 Noon – 2 8090484 3885 UPPER DR
$799,900
4
2.1
3,122
10/5/08 1-4 PM 8084663 426 7TH ST
$875,000
4
2.1
2,902
10/5/08 2:00-4:00 8057344 3030 SW WESTVIEW CT
$959,000
4
2.1
3,400
10/5/08 12-3pm 8075613 15540 VILLAGE DR
$988,000
5
2.1
3,780
10/5/08 1-4pm 8083109 17878 HILLSIDE DR
$995,000
5
3
3,462
10/5/08 2:00-4:00 8062673 3407 LAKE GROVE AVE
$1,138,000
4
3.2
4,475
10/5/08 3-5pm 8027815 14067 GOODALL RD
$1,149,000
4
3.1
3,784
10/5/08 1-3pm 8035828 18253 Siena DR
$1,274,500
5
4
4,281
10/5/08 1-3pm 8003164 17464 RIDGEVIEW LN
$1,298,950
4
3.1
4,407
10/5/08 1-3pm 8037111 622 OAK MEADOW DR
$1,325,000
4
3.1
4,171
10/5/08 1-3pm 8056075 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
10/5/08 1-3pm 8035967 18224 Bella Terra DR
$1,395,000
4
4
4,050
10/5/08 1-3pm 8035973 18231 Siena DR
$1,425,000
4
3.2
4,064
10/5/08 3-5pm 8079793 943 SW ATWATER RD
$1,435,000
4
2.1
3,874
10/5/08 1-3pm 8011074 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,704
10/5/08 1-3pm 8035974 18209 Siena DR
$1,525,000
5
4.1
4,400
10/5/08 1-3pm 8035813 18110 Siena DR
$1,650,000
4
3.1
4,311
10/5/08 11am-1pm 8087043 13200 THOMA RD
$2,395,000
5
5.2
7,648

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. Listings courtesy of RMLS.

Cost vs. Value for Your Remodeling Dollar

You may have noticed that the market has been changing for awhile now. Many buyers are out this fall scouting for great deals (they are not hard to find!), and many sellers who are pricing and marketing appropriately are benefiting from the uptick in activity in Lake Oswego (see Ron’s blog post of Monday 9/29). It is also true that some decided in the spring and summer to spruce up their homes in anticipation of changing market conditions, and the expectation of reaping some profit from their efforts when the time comes to sell.

I thought you might find it interesting to note some of the trends in the 2007 “cost vs. value” report for the Portland area according to www.costvsvalue.com. The data for Portland is “Pacific” data as compared to national averages. Here are some tidbits to hopefully give you an idea of what you might expect as a return for your remodeling investment according to this report:

Midrange Projects: Pacific / National Average

Deck Addition/Wood / 108% / 85.4%

Minor Kitchen Remodel / 103.5% / 83%

Window Replacement/Wood / 102.9% / 81.2%

Window Replacement/Vinyl / 98.5% / 79.3%

Basement Remodel / 96.8% / 75.1%

Bathroom Remodel / 96.6% / 78.3%

Major Kitchen Remodel / 96.6% / 78.1%

Two-Story Addition / 90.9% / 73.9%

Garage Addition / 88% / 69.5%

Master Suite Addition / 87.2% / 69%

Roofing Replacement / 85.1% / 67.4%

Family Room Addition / 84.8% / 68.6%

Bathroom Addition / 83.5% / 66%

Upscale Projects:

Window Replacement/Wood / 103.4% / 79.3%

Window Replacement/Vinyl / 100.7% / 81%

Deck Addition/Composite / 98.4% / 77.6%

Major Kitchen Remodel / 88.9% / 74.1%

Bathroom Remodel / 84.7% / 68.4%

Bathroom Addition / 84.1% / 69%

Roofing Replacement (Steel) / 79.9% / 65.7%

Garage Addition / 78.1% / 64.6%

Master Suite Addition / 77.3% / 64.1%

Lake Oswego Real Estate Activity – September 22-28, 2008

Real estate activity in Lake Oswego is experiencing a late summer/early fall resurgence as 24 new properties come on the market last week, while 8 homes go sale pending and 12 houses close escrow two weeks ago.

This little bump in transactions is similar to the Portland metro market as a whole, which I think will approach 70% of 2007’s activity level, as opposed to the 65% we’ve seen throughout the year.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (September 22-28, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
181 OSWEGO SUMMIT
$214,900
2
2
1,383
CONDO
9/25
5101 JEAN RD
$295,000
3
1
1,012
DETACHD
9/21
3 THE GROTTO
$312,000
2
2
1,688
DETACHD
9/24
18881 PILKINGTON RD
$335,000
3
2
1,252
DETACHD
9/24
5142 ROSEWOOD ST
$339,900
4
2.1
1,784
DETACHD
9/21
57 GREENRIDGE CT
$349,900
2
2
1,314
ATTACHD
9/26
17304 MARJORIE AVE
$364,900
3
1.1
1,340
DETACHD
9/21
2638 GREENTREE RD
$399,900
4
2
2,373
DETACHD
9/23
12103 ORCHARD HILL WAY
$429,000
4
2.1
2,332
DETACHD
9/22
5562 ROYAL OAKS DR.
$494,500
4
2.1
2,342
DETACHD
9/23
18212 INDIAN CREEK DR
$649,000
4
2.1
2,313
DETACHD
9/25
18148 PIONEER CT
$799,000
5
3
3,542
DETACHD
9/27
2317 STONEHURST CT
$849,950
4
2.1
4,455
DETACHD
9/21
4378 Albert CIR
$899,000
3
3
3,735
DETACHD
9/24
17259 LOWENBERG TER
$939,900
4
2.1
2,955
DETACHD
9/23
1776 OAK ST
$1,125,000
4
3.1
4,012
DETACHD
9/22
2600 DELLWOOD DR
$1,149,000
4
3
3,690
DETACHD
9/23
17251 CEDAR RD
$1,229,900
3
2.1
3,175
DETACHD
9/23
13010 KNAUS RD
$1,249,500
4
3.1
4,312
DETACHD
9/22
13371 ATWATER LN
$1,499,000
4
3
4,795
DETACHD
9/22
260 PINE VALLEY RD
$1,650,000
4
3.1
3,900
DETACHD
9/21
3178 DOUGLAS CIR
$1,650,000
5
4.1
5,256
DETACHD
9/21
16771 MAPLE CIR
$1,850,000
3
3
2,074
DETACHD
9/23
2793 POPLAR WAY
$1,995,000
4
5.1
6,300
DETACHD
9/25

PENDING SALES (September 22-28, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
8 BRITTEN CT
$249,900
2
2
1,175
ATTACHD
86
5829 SW BENFIELD CT
$297,400
5
2.1
1,744
DETACHD
115
2751 SUMMIT DR
$389,900
3
2
2,278
DETACHD
396
10 GROUSE TER
$528,900
4
3.1
3,462
DETACHD
46
5474 BAY CREEK DR
$549,000
3
2.1
2,322
DETACHD
292
112 D AVE
$579,900
2
2.1
1,741
ATTACHD
253
18064 JENIFERS WAY
$749,000
4
2.1
2,859
DETACHD
131
4118 GLACIER LILY ST
$799,990
4
3.1
4,452
DETACHD
295

SOLD (September 15-21, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
35 CRESTFIELD CT
$150,000
$125,000
2
1
923
CONDO
75
44 EAGLE CREST DR
$159,000
$154,900
2
1
908
CONDO
28
1000 UPPER DEVON LN
$329,900
$375,000
3
2.1
2,872
DETACHD
19
12724 ALTO PARK RD
$700,000
$400,000
3
2
1,820
DETACHD
193
7 Del Prado ST
$469,900
$413,000
4
3
2,232
DETACHD
168
5207 COVENTRY CT
$525,000
$420,000
3
2
1,973
DETACHD
468
13332 VERMEER DR
$399,900
$425,000
4
3
2,382
DETACHD
30
27 BECKET ST
$619,000
$525,000
3
2
2,615
DETACHD
356
5677 GRAND OAKS DR
$649,900
$610,000
4
2.1
3,074
DETACHD
77
13268 DEERFIELD CT
$689,900
$634,000
4
2.1
2,895
DETACHD
49
4102 CHAD DR
$848,950
$650,000
4
2.1
3,054
DETACHD
103
5804 SUNCREEK DR
$769,000
$732,000
5
2.1
3,090
DETACHD
8

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.

Lake Oswego Open Houses – September 27-28, 2008

We took a break from posting the weekend Open House list for Lake Oswego over the past few weeks. Not sure if anyone cared or noticed, but some over at our sister (or is it cousin) blog, move2westlinn, noticed and put in a nice request.

If this is something you’d like to see us continue, please drop us a comment at the end of this post.

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

Date Time Address
List Price
Bdrms
Baths
Total SF
9/28/08 2-5pm 4447 GOLDEN LN
$284,900
2
2.1
1,616
9/28/08 12-2pm 12866 BOONES FERRY RD
$339,900
2
2.1
1,136
9/27/08 12pm-2pm 2256 GLENMORRIE DR
$415,000
3
2
1,798
9/28/08 11-4pm 918 LAKE FRONT RD
$415,000
2
1
921
9/28/08 1:00 – 3:00 4760 LOWER DR
$435,000
3
3
3,252
9/28/08 1-3PM 75 CONDOLEA WAY
$449,000
3
3
2,131
9/28/08 1-3PM 1130 LAUREL ST
$499,000
4
2
2,800
9/28/08 1-3PM 2360 GREENTREE RD
$549,995
3
2.1
2,207
9/28/08 1-3PM 17083 FERNWOOD DR
$645,000
5
3
2,868
9/28/08 1:30-4:00 5448 LANGFORD LN
$673,950
3
2.1
2,717
9/28/08 12:00-2:00 17890 KELOK RD
$698,500
4
2.1
3,023
9/28/08 2:00-4:00 4031 OLD GATE ROAD
$699,800
4
3.1
3,704
9/28/08 1:30-4:00 5364 LANGFORD LN
$723,850
3
2.1
3,022
9/28/08 1-3PM 2888 VALE CT
$749,900
5
3
4,324
9/28/08 1-3PM 17393 GRANDVIEW CT
$760,000
3
3.1
3,672
9/28/08 1-3PM 730 8TH ST
$879,000
4
3
2,395
9/27/08 12pm-3pm 1272 SW ZIVNEY LN
$892,500
5
3
2,658
9/28/08 12pm-3pm 1272 SW ZIVNEY LN
$892,500
5
3
2,658
9/28/08 2:30-4:00 3030 SW WESTVIEW CT
$959,000
4
2.1
3,400
9/28/08 12-2pm 3188 GLENMORRIE DR
$998,850
3
2.1
3,066
9/28/08 1-3PM 18253 Siena DR
$1,274,500
5
4
4,281
9/28/08 1-3PM 17464 RIDGEVIEW LN
$1,298,950
4
3.1
4,407
9/28/08 1-3PM 622 OAK MEADOW DR
$1,325,000
4
3.1
4,171
9/28/08 1-3PM 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
9/28/08 1-3PM 18224 Bella Terra DR
$1,395,000
4
4
4,050
9/28/08 1-3PM 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,704
9/28/08 1-3PM 18209 Siena DR
$1,525,000
5
4.1
4,400
9/28/08 1-3PM 18110 Siena DR
$1,650,000
4
3.1
4,311
9/28/08 11am – 1pm 13200 THOMA RD
$2,395,000
5
5.2
7,648
9/28/08 1-3PM 907 TERRACE DR
$2,600,000
6
4.3
6,919

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.

Electric cars in Lake Oswego? You bet!

Lake Oswego Electric Car Charging StationI was pleasantly surprised yesterday morning to find an article on the front page of the Clackamas County edition of the Oregonian featuring a story about the new electric-car, plug-in charging station that is now in Lake Oswego.

Located on A Avenue, it is right in the heart of the downtown shopping and dining district. If you own an electric car, you can park at the curb and charge your car for FREE.

The station is one of 5 that PGE has installed in the State of Oregon. Their hope is to have 12 stations established in anticipation of car manufacturers rolling out new lines of hybrid/plug-in vehicles by 2010. For the details from PGE, click here to link to their website.

The new station in Lake Oswego was paid for by the City of Lake Oswego at a cost of about $5000. The September 23rd Oregonian quotes Lake Oswego Mayor Judie Hammerstad as saying “This is a big step forward in sustainability and reducing carbon emissions.” The article goes on to explain that the electricity that will be used will be paid for in a partnership with the City of Lake Oswego and local businesses. The hope is that while drivers will frequent the area to charge up their cars, they will also stay in the area to shop, dine, and support local businesses.

I know that I am totally excited about the changes that the high cost of gas are creating in the auto manufacturing industry. I intend to stay in my 4-year old, 80,000 mile car for another year or two in anticipation of the better choices for hybrids and plug-in hybrids that will be offered to consumers in the next few years. I think this is something that should have happened years ago, and I am glad that consumer demand is pressing the changes.

If you’d like a little background on electric cars, I highly recommend the 2006 documentary Who Killed the Electric Car? Produced by Papercut Films, it won many awards at film festivals throughout 2006 and 2007. It tells a fascinating tale about a successful electric car that was built years ago and then pulled from the market. It will also show you how doable the electric car is. Not only does it have no emissions, it has no maintenance along the lines of oil changes or filter changes, and it makes no sound.

It is my understanding that the average trip in an auto is under 50 miles. I think the ideal car would be a plug-in hybrid. It would operate on electricity for the first 50 miles, for daily driving, and then convert to a hybrid that is supported by gas, for trips that are longer than 50 miles. So in a couple of years when I pony up and by that plug-in hybrid, I now have a place to charge it for free when I do business in downtown Lake Oswego. How cool is that?

For the full text of the September 23rd Oregonian article click here.

Lake Oswego Real Estate Market Activity – September 15-21, 2008

We’re long on data tables, but short on pithy comments, so . . .

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (September 15-21, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
4640 LOWER DR
$150,000
2
1.1
1,170
CONDO
9/19
3680 SPRING LN
$209,900
2
2.1
1,152
CONDO
9/18
287 CERVANTES
$239,900
3
1.1
1,144
CONDO
9/18
595 6TH ST
$314,800
3
1
1,520
RES-MFG
9/19
13320 SW 62ND AVE
$334,900
3
1
1,008
DETACHD
9/18
19251 INDIAN CREEK AVE
$335,000
4
2
1,550
DETACHD
9/19
22 CONDOLEA DR
$339,900
2
2
1,454
CONDO
9/15
705 ELLIS AVE
$439,000
3
2.1
1,872
DETACHD
9/16
75 CONDOLEA WAY
$449,000
3
3
2,131
ATTACHD
9/20
1871 KILKENNY DR
$499,000
5
2.1
3,086
DETACHD
9/15
2584 PARK RD
$549,900
4
2
2,302
DETACHD
9/18
17140 WALL ST
$549,900
4
3
3,711
DETACHD
9/19
1866 KILKENNY DR
$550,000
4
3.1
3,600
DETACHD
9/15
41 HILLSHIRE DR
$599,700
4
3
2,670
DETACHD
9/16
12974 KNAUS RD
$599,900
3
3.1
3,792
DETACHD
9/16
762 3RD ST
$699,800
3
2.1
2,710
DETACHD
9/16
13984 CHELSEA DR
$715,000
4
2.1
3,187
DETACHD
9/16
17393 GRANDVIEW CT
$760,000
3
3.1
3,672
DETACHD
9/15
730 8TH ST
$879,000
4
3
2,395
DETACHD
9/15
100 GARIBALDI ST
$1,349,900
5
3.2
4,669
DETACHD
9/19
17462 Blue Heron RD
$1,400,000
5
4.1
4,811
DETACHD
9/19
581 OAK MEADOW DR
$1,475,000
4
4.1
4,745
DETACHD
9/15
17345 BERGIS FARM DR
$1,499,900
4
3.2
5,199
DETACHD
9/16

PENDING SALES (September 15-21, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
7202 MONTAUK CIR
$119,900
2
1
968
CONDO
27
86 KINGSGATE RD
$174,500
2
2
938
CONDO
127
16990 LOWER MEADOWS DR
$389,900
3
2.1
2,000
DETACHD
600
17239 REBECCA LN
$399,900
4
2.1
1,970
DETACHD
292
2811 PARK RD
$555,000
4
2.1
2,248
DETACHD
122
858 10TH ST
$639,000
3
2.1
2,205
DETACHD
95
3240 UPPER DR.
$748,950
4
2.1
3,410
DETACHD
56
18936 BRYANT RD
$785,000
4
4
4,100
DETACHD
875
13719 ROGERS RD
$839,000
4
2.1
3,204
DETACHD
28
17459 WREN CT
$1,369,000
4
4
4,366
DETACHD
65

SOLD (September 8-14, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
4821 SW MADRONA ST
$179,000
$120,000
1
1
360
DETACHD
71
45 EAGLE CREST DR
$185,000
$164,500
1
1
900
CONDO
126
4000 CARMAN DR
$199,900
$180,000
2
2
1,100
CONDO
178
17777 BLUE HERON DR
$575,000
$485,000
4
3
2,609
DETACHD
121
1835 CEDAR CT
$1,169,000
$905,000
3
3.1
3,165
DETACHD
130
4311 HAVEN ST
$1,200,000
$912,500
5
4
3,816
DETACHD
120

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.

Say What?

SEERMKS

Recently, one of my clients voiced exasperation regarding abbreviations on the MLS. She wondered if I might change them so that others looking at her property online would not be as confused as she was. I explained that as much as I might like to do that for her, these abbreviations are mostly generated automatically by the system, and not under my control as a Realtor.

This got me to thinking… Those of us in “the business” get used to seeing these abbreviations, and though occasionally one comes up with which we are unfamiliar, we are acclimated to most of them. I am sure that many people searching for properties would benefit from a resource to assist in this regard. Until that time comes, I thought I’d offer a list of some of the more interesting ones. A few of these may only show up on Realtor-accessible information, but most can pop up for you when you’re searching and cause you to see stars… or question marks:

ACC-ACT According to Accountant

ACC-OWN According to Owner

ACT-SOL Active Solar Heat

ALY Alley

APOD Annual Property Operation Data

BI-DOVN Built-In Double Oven

BINLITE Built-In Lighting

CC&RS Conditions, Covenants & Restrictions

DEEDRES Deed Restrictions

ENG-RPT Engineering Structural Reports

EXTMANT Exterior Maintenance

FEASIBL Feasibility Study

FRM/FOR Farm/Forest

FRT-ELE Freight Elevator

GA+500’ Natural Gas over 500’ From Site

INVN Inventory Included

IRR-WAT Irrigation Water Available

I-STORG Inside Storage

JOINT-V Owner Would Consider Joint Venture

L Lower Level

LEGDESC Legal Description

LIM-ACC Limited Access

LSE-BAK Owner Occupied Will Lease Back

LSE-ESC Lease With Escalation

LSSECUR Leased Security System

M Main Level

MANTREC Maintenance Records Available

MINI-ST Mini Storage

MINRTRS Mineral Rights Reservations

MINSTEP Minimal Steps

MO HOA Dues Frequency Every Month

MRCHTIM Merchantable Timber

NATLITE Natural Lighting

NEGO Possession Negotiable

NONCONF Non-Conforming Use

NO-VALU Existing Structure of No Value

OPR-EXP Operating Expense Report

OWSECUR Owned Security System

PAS-SOL Passive Solar/Passive Solar Heat

PASTACC Past Accessibility

PDS Pressure Distribution System

PLB-ICE Plumbed For Ice

PW+500’ Power Over 500’ From Site

RDSPLIT Road Splits Property

REQFILL Requires Land Fill

ROD+1 Recording of Deed + 1 Day

ROLLSHR Roll in Shower

ROWCRP Row Crop

RPROTIM Reproduced Timber

SEERMKS See Remarks

SEPLVQT Apartment or Auxiliary Living Unit

SGI State GI Loan

SH-SEP Shared Septic

SOILRPT Soil Report Required

SPT-APP Septic Site Approved

SPT-CT Sport Court

SUB-INS Subject To Inspection

SUBJTEN Subject To Tenancy

SW+500’ Sewer Over 500’ From Site

SWR-AVL Sewer Available at Property Line

TAN-BDS Tanning Beds

TEST-AV Soil Test Available

TEST-RQ Soil Test Required

TIMB-CR Timber Cruise

U Upper Level

UG-UTIL Underground Utilities

W/D-HUP Washer/Dryer Hookup

WA+500’ Public Water Over 500’ From Site

WALKSHR Walk-In Shower

WD-DOOR Wide Door

WT-CERT Water Rights Certification

WT-RM Weight Room

WT-USEP Water Use Permit

XASTFAN Exhaust Fan

YR HOA Dues Frequency Every Year

Lake Oswego Real Estate Market Activity – September 8-14, 2008

Jantzen Island on Lake OswegoThe past week featured just a handful of closed sales, but a healthy number of homes went sale pending.

Perhaps the most notable news is the appearance of a, yes it’s not a typo, $19,500,000 listing off Northshore Blvd. It’s actually a private island, the 1930 Jantzen Island estate, with 6 tax lots, 5 and a half acres, and over 13,000 sq. ft. living space between the main house and the guest house.

In addition to the mortgage, you will also need to come up with $97,000 per year in property taxes. Plug THAT into your Quicken budget…

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (September 8-14, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
4644 LOWER DR
$136,900
2
1.1
1,170
CONDO
9/10
45 EAGLE CREST DR
$139,900
1
1
600
CONDO
9/9
16651 LAKE FOREST BLVD
$237,700
3
1
1,230
DETACHD
9/11
1685 MAPLELEAF RD
$378,000
3
2
1,433
DETACHD
9/10
5254 TIMBERGROVE ST
$399,500
4
2
1,854
DETACHD
9/11
918 LAKE FRONT RD
$424,999
2
1
921
DETACHD
9/8
7210 CHILDS RD
$429,000
3
2
1,542
DETACHD
9/7
1650 FIRCREST DR
$439,000
4
3
2,268
DETACHD
9/11
5324 LOWER DR
$449,900
3
2.1
2,034
DETACHD
9/10
1630 WOODLAND TER
$479,900
4
2
2,755
DETACHD
9/11
4191 CHAPMAN WAY
$487,500
4
2.1
2,610
DETACHD
9/11
438 ASH ST
$499,000
4
3
1,871
DETACHD
9/10
13242 VERMEER DR
$535,000
3
2.1
2,100
DETACHD
9/11
1413 OAK ST
$548,500
3
3
2,424
DETACHD
9/10
1545 CLOVERLEAF RD
$568,840
4
3.1
2,723
DETACHD
9/7
16695 GLENWOOD CT
$595,000
4
3
3,104
DETACHD
9/9
17443 SCHALIT WAY
$599,950
5
4
3,525
DETACHD
9/8
7190 CHILDS RD
$625,000
3
3
2,316
DETACHD
9/7
625 4TH ST
$679,000
4
2
1,700
DETACHD
9/10
18020 JENIFERS WAY
$699,000
4
2.1
2,600
DETACHD
9/7
19524 RIVER RUN DR
$715,000
4
2.1
2,630
DETACHD
9/10
49 BRIARWOOD RD
$860,000
3
2
2,182
DETACHD
9/9
2886 UPPER DR
$899,900
3
3
2,674
DETACHD
9/13
4103 CASEY CT
$969,900
4
3.1
3,507
DETACHD
9/9
5525 RACHEL LN
$975,000
4
2.1
3,200
DETACHD
9/7
17997 BRAEDEN CT
$989,000
4
2.1
3,300
DETACHD
9/7
5513 RACHEL LN
$989,000
4
2.1
3,149
DETACHD
9/7
3140 DOUGLAS CIR
$1,429,900
4
3.1
4,310
DETACHD
9/13
1850 NORTHSHORE RD
$19,500,000
5
6.2
13,500
DETACHD
9/7

PENDING SALES (September 8-14, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
200 BURNHAM RD
$268,850
2
2
1,328
CONDO
355
82 GREENRIDGE CT
$269,900
3
2.1
2,868
ATTACHD
63
39 ORIOLE LN
$299,900
2
1.1
1,310
DETACHD
206
1764 CONIFER DR
$319,000
3
1
1,200
DETACHD
82
100 LEONARD ST
$350,000
2
2
1,320
CONDO
128
14300 CAMDEN LN
$480,000
4
2.1
2,346
DETACHD
162
5475 Willow Court
$495,000
3
2.1
2,438
ATTACHD
17577 BLUE HERON CT
$539,000
5
3
2,980
DETACHD
132
2435 PARK RD
$564,900
4
3
2,940
DETACHD
261
4102 CHAD DR
$673,850
4
2.1
3,054
DETACHD
103
569 7TH ST
$674,900
5
4
3,186
DETACHD
466
14027 CHELSEA DR
$699,000
4
2.1
3,092
DETACHD
301
1420 MORNING SKY CT
$929,000
4
3.1
3,578
DETACHD
50
14381 FOSBERG RD
$1,199,000
4
3.1
4,900
DETACHD
46
16852 ALDER CIR
$1,950,000
4
3.1
2,873
DETACHD
11

SOLD (September 1-7, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
915 OAK TER
$395,000
$350,000
3
1
1,082
DETACHD
18
2955 WEMBLEY PARK RD
$499,000
$385,000
4
2
2,620
DETACHD
140
1511 WOODLAND TER
$735,000
$435,000
5
2.1
3,439
DETACHD
744
14167 TAYLORS CREST LN
$767,500
$600,000
3
2.1
3,675
DETACHD
335
144 MIDDLECREST RD
$1,495,000
$792,450
3
2.1
4,392
DETACHD
512

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.

Bridgeport Village

OK, technically Bridgeport Village is not in Lake Oswego. It is just across the city boundary line in Tigard. But it is one of the great features of living in Lake Oswego. Built in 2006, Bridgeport Village is a lifestyle mall. It is designed to be walked in and enjoyed like a small town. There is plentiful artwork, light displays at night, and a playground in the center.

You will love shopping at Bridgeport Village. There are 24 shops that sell women’s apparel and 13 that sell mens. Some of my favorites include Anthropology, Chico’s, and Coldwater Creek. There are 13 stores that sell home furnishings including Crate and Barrel’s first store in Oregon.

For entertainment there is the Regal Cinemas Bridgeport Village Stadium which has 18 screens plus IMAX. In addition there are 11 restaurants and 4 cafes, making dinner and a movie both convenient and fun. Some of the better known restaurants are California Pizza Kitchen, McCormick and Schmicks Grill, PF Changs, Pastini Pastaria, and Sinju.

The shopping and dining experience at Bridgeport Village is a treat to be enjoyed. From the fresh Italian Gilati on a hot summer’s day to the snow fall that is guaranteed to be happening at Christmas. And it is so close to Lake Oswego that, well, it had might as well be in Lake Oswego.

Lake Oswego Real Estate Market Results – September 1-7, 2008

Late summer real estate activity has picked up in Lake Oswego with 25 closed or pending sales in the past week. However, 42 new or relisted properties arrived on the scene to take their place.

As of September 8, over 750 Lake Oswego homes and condos are for sale in the multiple listing service.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (September 1-7, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
4000 CARMAN DR
$144,000
1
1
767
CONDO
9/5
4 CERVANTES CIR
$157,500
2
1.1
912
CONDO
9/4
62 CERVANTES CIR
$158,900
2
1.1
912
CONDO
9/2
1602 BONNIEBRAE DR
$240,000
2
1
864
ATTACHD
9/5
5057 FOOTHILLS DR
$292,700
3
2
1,252
CONDO
9/2
15 BRITTEN CT
$297,500
3
2.1
1,973
ATTACHD
9/3
1400 PARRISH ST
$299,999
3
2.1
1,880
CONDO
9/1
16584 ROOSEVELT AVE
$317,000
2
1
1,188
DETACHD
9/5
12866 BOONES FERRY RD
$339,900
2
2.1
1,136
ATTACHD
9/2
705 ELLIS AVE
$450,000
3
2.1
1,872
DETACHD
9/6
1043 HALLINAN ST
$479,900
4
2.1
2,484
DETACHD
9/3
16750 PHANTOM BLUFF CT
$485,000
3
3
2,267
DETACHD
9/1
107 3RD ST
$495,000
3
2
1,204
CONDO
9/2
13340 AUBURN CT
$495,000
3
2.1
2,451
ATTACHD
9/5
126 CONDOLEA DR
$499,000
3
3
2,664
CONDO
9/5
2084 RIDGEWOOD RD
$580,000
3
2.1
2,117
DETACHD
9/3
625 CLARA CT
$587,500
4
2.1
2,532
DETACHD
9/4
5947 MEADOWCREEK CT
$589,000
4
2.1
2,485
DETACHD
9/5
5492 YORKSHIRE PL
$599,999
3
2.1
2,515
DETACHD
9/5
14412 MEADOW GRASS ST
$600,000
4
2.1
3,563
DETACHD
9/5
624 LIVINGOOD LN
$619,900
4
3
2,596
DETACHD
9/5
125 3RD ST
$637,500
2
2
1,447
CONDO
9/1
14232 MEADOW GRASS ST
$639,950
4
3
2,965
DETACHD
9/6
3140 ROSEMARY LN
$649,900
3
2.1
3,000
DETACHD
9/1
6351 BURMA RD
$649,900
2
1
2,016
DETACHD
9/5
606 2ND ST
$650,000
4
3
3,022
DETACHD
9/1
5580 KILCHURN AVE
$699,000
4
2.1
2,286
DETACHD
9/4
364 NORTHSHORE RD
$724,900
2
2
2,220
DETACHD
9/7
30 WILBUR ST
$725,000
2
2.1
2,664
ATTACHD
9/4
15725 TARA PL
$749,000
3
2.1
3,331
DETACHD
9/6
114 3RD ST
$750,000
2
1
1,140
DETACHD
9/3
13719 ROGERS RD
$839,000
4
2.1
3,204
DETACHD
9/5
1864 CAMPUS WAY
$849,900
5
4
4,142
DETACHD
9/5
5501 RACHEL LN
$857,000
4
2.2
3,509
DETACHD
9/6
1100 UPPER DEVON LN
$885,000
2
3.1
3,672
DETACHD
9/5
17642 UPPER CHERRY LN
$1,399,000
3
3.1
4,296
DETACHD
9/2
17337 BERGIS FARM DR
$1,635,000
4
3.2
4,810
DETACHD
9/6
1968 GLENMORRIE LN
$1,895,000
5
4.1
4,968
DETACHD
9/4
16852 ALDER CIR
$1,950,000
4
3.1
2,873
DETACHD
9/1
2707 SOUTHSHORE BLVD
$1,989,000
3
3.1
3,200
DETACHD
9/5
13200 THOMA RD
$2,395,000
5
5.2
7,648
DETACHD
9/2
243 10TH ST
$2,495,000
5
4.2
5,644
DETACHD
9/5
2098 CREST DR
$5,900,000
5
5.1
7,847
DETACHD
9/2

PENDING SALES (September 1- 7, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
609 Ash ST
$349,900
4
2
2,192
DETACHD
205
5413 LANGFORD LN
$724,950
3
2.1
2,891
DETACHD
520
18281 WOOD THRUSH CIR
$448,500
4
2.1
2,296
DETACHD
102
1123 ERICKSON ST
$499,000
4
3
2,893
DETACHD
166
86 KINGSGATE RD
$169,000
2
2
924
CONDO
60
13268 DEERFIELD CT
$669,900
4
2.1
2,895
DETACHD
49
5207 ROSEWOOD ST
$374,500
3
2
1,438
DETACHD
119
13300 FOX RUN
$700,000
4
2.1
2,954
DETACHD
38
4729 CAMBRIDGE CT
$559,900
2
2.1
3,056
ATTACHD
140
5647 BAY CREEK DR
$665,000
5
2.1
3,000
DETACHD
15
5853 SOUTHWOOD DR
$649,900
5
2.1
3,707
DETACHD
314

SOLD (August 25 – 31, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
7200 MONTAUK CIR
$149,900
$145,000
2
1
968
CONDO
30
86 KINGSGATE RD
$159,900
$146,000
2
2
849
CONDO
65
47 EAGLE CREST DR
$149,900
$149,900
2
1
932
CONDO
37
48 EAGLE CREST DR
$324,900
$220,000
2
2
1,495
CONDO
199
750 1ST ST
$239,000
$225,000
2
2
1,350
CONDO
85
18341 SW FERNBROOK CT
$488,000
$342,000
4
2
1,872
DETACHD
457
441 9TH ST
$499,900
$430,000
3
2
2,408
DETACHD
108
1338 LAUREL ST
$588,800
$530,000
3
2.1
2,212
DETACHD
42
557 MIDDLECREST RD
$599,900
$549,900
2
1.1
1,521
DETACHD
113
5017 HARTFORD PL
$699,000
$655,000
3
3.1
3,259
DETACHD
49
544 9TH ST
$699,000
$699,000
3
3
2,088
DETACHD
2
18036 SKYLAND CIR
$925,000
$754,000
3
2.1
3,000
DETACHD
142
17538 BROOKHURST DR
$1,450,000
$1,475,000
4
5.1
5,451
DETACHD
132
1673 CHERRY LN
$2,350,000
$1,995,000
4
4.3
5,732
DETACHD
126

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.