Newly listed, this home should be at the top of your list if you are considering buying a condo in Lake Oswego. Priced at $229,900, it is a spacious 2 bedroom, 2 full-bath home that has been recently updated. It is immaculate with all new windows, crown moldings, and walnut floors.
This property is on the top floor and at the end of the building. So it is very, very private and very, very quiet. It is also all on one level with an elevator, so there are absolutely zero stairs. It also has an over-sized, one-car garage that is 13×20 feet. The garage is just a few steps from the elevator. So access to your condo is both easy and convenient and you are covered and out of the weather the entire time.
The rooms in this condo are large. The master bedroom is 17×12 and the living room is 21×14. The master has a huge walk-in closet and its own full bath. The living room has a wood-burning fireplace and a deck that goes the entire length of the room.
Did I mention the view? There are spectacular views of SW Portland looking towards the city as well as Mt. St. Helens. Seriously, this is a lot of value for the money without there being a gorgeous view. Then add in the fact that every single day you get to live on top of the world and you have found one great place to live.
This condo is located in Mt. Park on the Western edge of Lake Oswego. Mt. Park is one of the first planned developments in the United States. It features 15 miles of walking paths, tennis, basketball, swimming, weight rooms, exercise classes and a gorgeous rec center that can be used for meetings and receptions.
Here are some of the numbers:
Priced at $229,900
1506 square feet with 2 bedrooms and 2 baths
HOA fees are $361 a month (includes 2 pools, weight room, water, sewer, and garbage) and $207 every 6 months to Mt. Park
taxes are just $2799 per year
The condo was built in 1981 and it has recently been remodeled inside.
The complex is extremely well cared for with gorgeous landscaping and all buildings in excellent condition.
I would love to have the opportunity to show you this property in person. Do not hesitate to give me a call to make an appointment. I can be reached via phone at 503-803-6298 or via e-mail at jdgregoire@earthlink.net
Thanks for taking the time to hear about this fabulous property!
—Dianne
There were 16 New, 15 Pending, and 3 Sold properties during last week’s Monday – Sunday period according to RMLS. It’s interesting to note that if you look in RMLS you will see 51 properties listed as New for this same period. I weeded out 35 that were “freshened”. (Lots of freshening going on.) The “New” properties below are either brand new to the market or have been off the market for at least 30 days.
Here’ your data for last week (see below the tables for additional notes): NEWLY LISTED (Feb. 1—Feb. 7, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
28 CRESTFIELD CT
$79,950
2
2
923
CONDO
2/3/2010
47 EAGLE CREST DR
$110,000
2
1
932
CONDO
2/1/2010
44 EAGLE CREST DR
$159,900
2
1
908
CONDO
2/6/2010
750 1ST ST
$195,000
2
2
1,350
CONDO
2/1/2010
4948 MEADOWS RD
$222,000
3
2
2,491
DETACHD
2/4/2010
16870 FERNWOOD DR
$359,000
3
1.1
1,412
DETACHD
2/4/2010
5514 ROYAL OAKS DR
$497,500
3
3
2,246
DETACHD
2/2/2010
14584 PFEIFER WAY
$559,000
3
2
2,600
DETACHD
2/4/2010
17079 CHERRY CREST AVE
$575,000
3
2.1
3,002
DETACHD
2/7/2010
920 EVERGREEN RD
$575,000
3
2
1,622
DETACHD
2/1/2010
17973 SAINT CLAIR DR
$629,000
4
3
3,323
DETACHD
2/7/2010
1050 Schukart LN
$849,900
4
3.1
5,847
DETACHD
2/4/2010
18430 TAMAWAY DR
$889,000
4
2.2
3,867
DETACHD
2/1/2010
1643 VILLAGE PARK LN
$997,000
4
3.1
4,505
DETACHD
2/5/2010
842 6TH ST
$1,175,000
4
3.1
3,840
DETACHD
2/3/2010
100 3RD ST
$1,799,000
3
3.1
3,600
DETACHD
2/6/2010
PENDING SALES (Feb. 1 – Feb. 7, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
668 MCVEY AVE
$145,000
2
1
852
CONDO
882
16250 PACIFIC HWY
$178,900
1
1
859
CONDO
860
15 ORIOLE LN
$269,900
2
2
1,470
DETACHD
23
4 THE GROTTO
$289,000
3
2.1
1,534
DETACHD
13
1234 MAPLE ST
$339,900
3
2
1,550
DETACHD
140
1790 YARMOUTH CIR
$419,995
2
2
1,473
DETACHD
134
5026 HARTFORD PL
$429,000
4
2.1
2,887
DETACHD
570
702 TERRACE DR
$429,000
3
3
3,429
DETACHD
103
4955 GALEN ST
$435,000
3
2.1
1,887
DETACHD
76
17121 WALL ST
$449,900
3
2.1
2,187
DETACHD
391
18893 INDIAN SPRINGS CIR
$459,900
5
3
2,841
DETACHD
213
475 10TH ST
$534,950
4
2.1
2,932
DETACHD
227
4581 HASTINGS PL
$574,900
4
2.1
2,985
DETACHD
24
557 2ND ST
$695,000
2
2.1
1,833
CONDO
4380 UPPER DR
$708,900
5
4.1
4,071
DETACHD
181
SOLD (Feb. 1 – Feb. 7, 2010)
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
100 KERR PKWY
$91,800
$80,000
1
1
617
CONDO
125
16969 ALDER CIR
$350,000
$235,000
3
2
1,534
DETACHD
1
18110 Siena DR
$1,650,000
$1,350,000
4
3.1
4,311
DETACHD
635
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
1) Some Interesting Updates on the Portland Area Market:
– (According to RMLS)
Home sales in the Portland area showed marked improvement when compared with the same period (December) a year prior. “Closed” sales were up 52.6%, “Pending” sales rose 40.9%, and “New Listings” rose 11.9%.
In addition, the average sale price was down 2.5% compared to Dec. 08.
The average sales price for the 12-month period of 2009 was down 12.1% from the previous year.
2) Tax Credits: The “First Time Home Buyers” tax credit was extended to this Spring (yikes… getting close) and there has been an additional tax credit extended to those “Buying Up” who have lived in their current home for five years and are buying a property of less than $800,000. Both of these tax credits expire in April: The contract must be inked by April 30th, and the closing must be by June 30th. If you or someone you care about are considering taking advantage of this amazing opportunity, you really must start looking for a home now to make the timeline.
3) Interest Rates to Rise:According to Carrie Bay of DSNews.com (among many others), interest are projected to begin rising, and have risen .25% already within the past month.
4) F.H.A to Raise Standards for Mortgage Insurance: No date has been set yet, but the word is “summer”. (ANOTHER reason to put your home-buying plan in motion now…)
– (excerpted From David Streitfeld of the NY Times)
Borrowers who get an F.H.A.-insured loan will soon have to pay a higher initial insurance premium. The new premium will be 2.25 percent of the value of the loan, up from 1.75 percent.
Starting this summer, sellers will not be able to offer as much help to buyers to pay their closing costs. The maximum amount of assistance will drop to 3 percent of the value of the property, from the current 6 percent.
Left largely untouched by the changes is the most controversial aspect of the agency’s program: a provision allowing buyers to make a down payment as low as 3.5 percent. Private lenders these days require at least 15 percent.
Borrowers who want to put the minimum down will now be required to have credit scores of at least 580. Previously, there was no minimum score. (This is a relatively decent bar though, so this rule may have little effect.)
5) Attention Investors: Yay! HUD has decided to waive the 90 day seasoning financing contingency for buyers!
-(From Pat Goodell of Academy Mortgage ~ 503 380 0953)
Effective February 1st, 2010, there will no longer be a requirement for a seller of a property to be on title for 90 days or more in order for approval of an FHA backed loan. This is incredible news, since the majority of buyers in today’s market are FHA buyers! The 90 day seasoning issue has long been an issue for investors and agents when working with short sales. This is changing on Feb 1st. The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.”
– ***Linda’s note: There are a few minor restrictions on this. Let me know if you’re interested & I’ll send you the entire document with more detail.
6)Credit Card Companies Get Slapped w/Restrictions: We all know how hard the new mortgage guidelines have hit some potential home-buyers. Sometimes it seems like every time you turn around the consumer is facing yet another hurdle from the banking industry. Well, this time the consumer is being offered protections that should make it easier, less expensive, and less confusing to do business with, or work to pay off credit card companies. Here’s an excerpt from the Federal Reserve’s Announcement:
The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. Credit card issuers must comply with most aspects of the rule beginning on February 22.
“This rule marks an important milestone in the Federal Reserve’s efforts to ensure that consumers who rely on credit cards are treated fairly,” said Federal Reserve Governor Elizabeth A. Duke. “The rule bans several harmful practices and requires greater transparency in the disclosure of the terms and conditions of credit card accounts.”
Among other things, the rule will:
Protect consumers from unexpected increases in credit card interest rates by generally prohibiting increases in a rate during the first year after an account is opened and increases in a rate that applies to an existing credit card balance.
Prohibit creditors from issuing a credit card to a consumer who is younger than the age of 21 unless the consumer has the ability to make the required payments or obtains the signature of a parent or other cosigner with the ability to do so.
Require creditors to obtain a consumer’s consent before charging fees for transactions that exceed the credit limit.
Limit the high fees associated with subprime credit cards.
Ban creditors from using the “two-cycle” billing method to impose interest charges.
Prohibit creditors from allocating payments in ways that maximize interest charges.
Consumers can learn more about changes to their credit card accounts by accessing a new online publication. “What You Need to Know: New Credit Card Rules.” It explains key changes consumers can expect from their credit card companies as a result of the new rules. The Board plans to release additional “What You Need to Know” publications in conjunction with other major rulemakings
Last week brought 13 new listings onto the market in Lake Oswego, 14 pending sales, and 3 closed sales. In the weekly lockbox activity report, lockbox openings were up for the 4th week in a row. So lots of buyers are out there looking.
I am excited this week to have my own new listing in the market activity report. 211 Oswego Summit came onto the market for $229,900. It is a gorgeous (yes, I know I am prejudiced, but seriously, this home is spectacular) one-level condominium in Oswego Summit. It has over 1500 square feet with 2 HUGE bedrooms and 2 full baths. It is on the top floor with commanding views of Mt. St. Helens and SW Portland, but it has an elevator so there are NO STAIRS. I’ll be holding it open on Broker’s Tour on Tuesday the 2nd from 11am to 1pm. The public is welcome to attend Broker’s Open Houses, so come on by. And if you can’t make it on Tuesday, I’ll be there again on Sunday the 7th from noon to 3pm.
Here is last week’s market activity report:
Here’ your data for last week (see below the tables for additional notes): NEWLY LISTED (Jan. 25—Jan. 31, 2010)
Address
List Price
# BR
# BTHS
Total SF
Prop Type
List Date
4 TOUCHSTONE DR
$156,000
2
2
979
CONDO
1/27/2010
205 CERVANTES
$164,900
2
1.1
1,216
ATTACHD
1/26/2010
4 TOUCHSTONE
$184,000
3
2.1
1,351
CONDO
1/28/2010
48 EAGLE CREST DR
$224,900
2
2
1,370
CONDO
1/26/2010
211 OSWEGO SMT
$229,900
2
2
1,506
CONDO
1/31/2010
29 E AVE
$289,000
2
1
1,176
DETACHD
1/28/2010
92 GREENRIDGE CT
$349,995
3
2.1
1,980
ATTACHD
1/28/2010
5330 LOWER DR
$399,000
3
2
2,010
DETACHD
1/29/2010
785 3RD ST
439900
2
1
1,100
DETACHD
1/26/2010
13052 KNAUS RD
475000
5
3
3,026
DETACHD
1/30/2010
4524 AUBURN LN
535000
3
3.1
2,732
DETACHD
1/26/2010
1 BRITTEN CT
625000
4
3
2,325
DETACHD
1/30/2010
15915 WALUGA DR
669000
3
2.1
2,939
DETACHD
1/25/2010
PENDING SALES (Jan. 25 – Jan. 31, 2010)
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
5225 Jean RD
$164,900
2
2
1,100
CONDO
79
105 KINGSGATE RD
$269,900
3
2
1,500
DETACHD
203
17650 ARBOR LN
$319,000
3
3
2,043
DETACHD
209
2705 ORCHARD HILL PL
$374,900
3
2.5
2,250
DETACHD
19
2530 PALISADES CREST DR
$376,200
4
2.1
2,774
DETACHD
20
19 BECKET ST
$399,995
4
3.1
3,818
DETACHD
72
529 2ND ST
$445,000
2
2
1,339
CONDO
19 MORNINGVIEW CIR
$469,900
3
2.1
2,337
DETACHD
4
12748 SW 22ND AVE
515000
3
2.1
3,052
DETACHD
188
401 ASH ST
525000
5
4
5,320
DETACHD
469
17649 WOODHURST PL
579900
6
4.1
5,669
DETACHD
285
5322 ROSALIA WAY
699000
4
2.1
3,500
DETACHD
87
17212 CHAPIN WAY
850000
3
2.1
2,541
DETACHD
314
13311 LESLIE CT
1479000
4
4.1
5,601
DETACHD
223
SOLD (Jan. 25 – Jan. 31, 2010)
Address
O/Price
Close Price
# BR
# BTHS
Total SF
Prop Type
CDOM
1261 BOCA RATAN DR
$239,000
$213,000
3
2
1,611
ATTACHD
93
909 CUMBERLAND PL
$374,000
$285,000
4
3
2,716
DETACHD
43
8 WALKING WOODS DR
$450,000
$423,000
4
3
3,302
DETACHD
303
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
There were 16 New, 10 Pending, and 4 Sold properties during last week’s Monday – Sunday period according to RMLS. (Note: RMLS data is based on data input by Listing Agents up to the date/time of our writing this post. This means that there is the -possibility- that something might have sold or gone pending and not been entered into RMLS yet, but these things are generally entered right away, so the RMLS data we compile & share is pretty accurate.)
We have been seeing an increase in Buyer activity according to RMLS lockbox stats as well. This is to be expected as rates are still low (though starting to increase a bit), FHA is still only requiring a low of 3.5% down (though this is supposed to increase significantly in the summertime) and the tax credits are in full force, coming with an April deadline. All this means that “looking” is starting now for those serious about finding that special property either as a First-Time Buyer, or one who is “Moving Up” (meaning: having been in their home for at least 5 years and buying under $800,000.). Tax credits are $8,000 & $6,500. respectively.
Here’ your data for last week (see below the tables for additional notes): NEWLY LISTED (Jan. 18—Jan. 24, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
44 EAGLE CREST DR
$139,000
1
1
798
CONDO
1/20/2010
4 TOUCHSTONE
$185,000
3
2.1
1,351
CONDO
1/20/2010
4322 BOTTICELLI ST
$279,900
2
2.1
2,043
CONDO
1/23/2010
4372 WOODSIDE CIR
$284,900
2
2
1,178
ATTACHD
1/18/2010
4 THE GROTTO
$289,000
3
2.1
1,534
DETACHD
1/24/2010
4717 FIRWOOD RD
$319,000
8
3
2,502
DETACHD
1/22/2010
4730 FIRWOOD RD
$375,000
4
2
2,124
DETACHD
1/23/2010
2245 GLEN HAVEN RD
$379,000
3
1.1
1,276
DETACHD
1/20/2010
8 POLONIUS
$385,000
3
2
1,760
DETACHD
1/22/2010
15965 INVERURIE RD
$385,000
4
2
1,915
DETACHD
1/22/2010
1571 WOODLAND TER
$450,000
4
2
2,400
DETACHD
1/19/2010
19203 SW Megly Ct
$589,900
5
3.1
3,595
DETACHD
1/22/2010
727 6TH ST
$895,000
4
2
2,884
DETACHD
1/20/2010
356 9TH ST
$1,175,000
4
3.1
3,647
DETACHD
1/21/2010
18735 BRYANT RD
$1,181,900
5
3.1
5,597
DETACHD
1/18/2010
95 IRON MOUNTAIN BLVD
$1,950,000
5
4.1
4,818
DETACHD
1/21/2010
PENDING SALES (Jan. 18 – Jan. 24, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
45 SW EAGLE CREST DR
$205,000
3
2
1,348
CONDO
50
192 RIDGEWAY RD
$209,900
2
1
1,659
CONDO
148
4447 GOLDEN LN
$229,000
2
2.1
1,980
ATTACHD
531
17350 BLUE HERON RD
$330,000
4
2.1
2,880
DETACHD
9
2650 DELLWOOD DR
$410,000
4
3
3,238
DETACHD
295
4651 HASTINGS PL
$454,900
4
2.1
2,215
DETACHD
15
2000 WEMBLEY PARK RD
$540,000
4
3
2,660
DETACHD
89
5310 WASHINGTON CT
$624,900
4
3.1
3,328
DETACHD
878
1505 COUNTRY CLUB RD
$682,500
6
4.1
5,463
DETACHD
229
2201 HAZEL RD
$1,399,000
4
3.5
5,446
DETACHD
605
SOLD (Jan. 18 – Jan. 24, 2010)
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
4000 SW CARMAN DR
$154,900
$143,500
2
2
925
CONDO
137
14431 SHERBROOK PL
$299,900
$284,000
4
3
3,284
DETACHD
365
5506 ROYAL OAKS DR
$399,900
$410,000
4
3
2,317
DETACHD
19
34 HILLSHIRE DR
$598,000
$510,000
3
2.1
3,822
DETACHD
699
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
I thought I’d bring you along with Dianne and I to see some of what was on Brokers’ Tour Tuesday in Lake Oswego.
What do we DO on tour??? Well, we check out properties that are new on the market or that have had a major change such as remodeling work or price reductions. We also enjoy visiting with each other & learning more about the properties (this is a great way to find out material information that is not included on the listing sheet), and you should know that Realtors LOVE to eat on tour! Usually we’ve been at meetings all morning and are ravenous by the time we get out to tour. Dianne calls it the Pavlov Response… she postulates that even when we don’t tour, we automatically get hungry on Tuesdays at 11:00… I think she’s right!
I was not able to post everything we saw on Tuesday, but I’ve got quite a bit to show you… Let’s get going! (all photos used with permission ~ remember that you can enlarge any photo by clicking on it)
We headed over to Westridge to 51 Hillshire Dr., to visit a custom contemporary home set up above the road and surrounded by luscious landscaping, giving it peaceful views out the many bright windows. We were met by Debbie Todd who answered questions and showed us around with warmth and hospitality. This one is stately, with 4306 SF, 4 bedrooms, a formal but open entry, master suite on the main floor, high vaulted ceilings, hardwoods, great room with gorgeous kitchen (yes, that’s Dianne in the kitchen), fireplace and access to the spa/patio area (also accessible from the spacious master). Daylight basement offers pool table area, 1/2 bath, media area, and a beautiful wet bar. Three bedrooms are upstairs (one non-conforming). The flow of this home is so elegant, and the feel so open and peaceful… I would highly recommend a look. This one is set & ready to welcome it’s new owners with style & comfort from day one.
From Westridge we drove to 2057 Summit Dr in Summit Heights where the neighborhood is nestled up the graceful slope from Lake Oswego. This particular home is a totally remodeled 4 bedroom, 3 1/2 bath 1975 Craftsman with panache. I mean, this home shouts easy, comfortable living from the street as you enter the circular drive. It is just a ‘superstar’ sitting there waiting for the perfect occupants. Set back a ways from the road, we meandered up the walk and were met by Susy Darm, another charming local Realtor with tons of information about the property to share. It is 4589 SF on a .45 acre lot overlooking the lake with beautiful views from the upper deck & grand master bedroom. The outdoor living options begin with the main level deck that wraps from the porch around to the side… vaulted with forest views & accessible from the kitchen and dining areas. Did I mention the kitchen? Let’s just say stunning slab granite, Dacor Pro stove, Sub Zero, Viking, alder cabinets, and an open/airy feel. The great room is wired for surround sound, there are three fireplaces, one of which boasts an alluring river pebble fascia. I could go on & on… media & game room, stellar bathrooms… but really, this one needs to be seen in person.
Leaving Susy, we decided to finish up our tour with the new construction home at 567 6th Street in First Addition. We walked through this one about a month or two ago when it was in full building mode… we gingerly stepped through the home being careful not to trip and trying to visualize the finished result. It was fun to see the transformation yesterday. Shari Newman met us in the beautiful kitchen featuring one of my favorites… Carrera Marble for back-splash. It offers 2568 SF of brand new home, with 4 bedrooms and 3 1/2 baths. Floors are luxurious, dark hardwoods. Bathrooms feature granite and elegant fixtures & finishes. The generous master is conveniently located on the main level. Upstairs also opens to three more bedrooms, one of which has high ceilings and could probably also be used as a game or media room. Little touches than really shine include the brass gutters, and slatted wood ceilings on the front porch. Style.
Well, that wraps up our Broker’s Tour for this week. Hope it was fun tagging along with us! We’re always here to take a call & show you property if you find something that “speaks” to you.
If this is making you want to tour yourself, I’ll be holding 371 6th St. Open on Sunday in Lake Oswego from 2:00 – 4:00 PM. This is a sweet 3 bedroom, 3 1/2 bath custom rowhouse in First Addition. C’mon down! We can chat.
Here is our latest market activity report. Last week brought us 21 new listings, 10 pending sales, and 9 closed sales.
I want to explain that occasionally a property misses getting into our report. This happens if the property status changes during the week that represents our report, but the data is not changed in the RMLS until after our report is issued. Linda and I want these reports to be as accurate as possible, but we also want them to occur in a timely fashion. We regret that some property data is reported late and thus misses our report.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Jan. 11—Jan. 17, 2010)
Address
List Price
# BR
# BTHS
Total SF
Prop Type
List Date
86 KINGSGATE RD
$139,900
2
2
849
ATTACHD
1/11/2010
67 OSWEGO SMT
$174,900
2
2
1,212
CONDO
1/12/2010
5225 JEAN RD
174900 – 199876
2
2
1,400
CONDO
1/13/2010
4 TOUCHSTONE
$199,995
3
2.1
1,351
CONDO
1/16/2010
15 ORIOLE LN
$269,900
2
2
1,470
DETACHD
1/12/2010
17350 BLUE HERON RD
$330,000
4
2.1
2,880
DETACHD
1/13/2010
3 SAINT HELENS CIR
$355,000
2
2
1,472
DETACHD
1/17/2010
240 4TH ST
$399,900
2
1.1
1,080
DETACHD
1/14/2010
4729 FIRWOOD RD
439900
3
2.1
2,357
DETACHD
1/15/2010
4725 FIRWOOD RD
449900
3
2.1
2,296
ATTACHD
1/15/2010
64 TOUCHSTONE
449999
5
2.1
3,641
DETACHD
1/14/2010
2705 SW ORCHARD HILL LN
499350
3
2.1
2,841
DETACHD
1/11/2010
3368 SOUTHSHORE BLVD
499990
3
2
2,160
DETACHD
1/11/2010
14279 CAMDEN LN
525000
4
2.1
2,373
DETACHD
1/13/2010
4102 BUCK BRUSH LN
556900
4
3
2,205
DETACHD
1/15/2010
4581 HASTINGS PL
574900
4
2.1
2,985
DETACHD
1/11/2010
19175 EASTSIDE RD
900000
5
4.1
5,263
DETACHD
1/13/2010
18222 SIENA DR
1088000
6
4.1
3,800
DETACHD
1/12/2010
2057 SUMMIT DR
1099000
4
3.1
4,589
DETACHD
1/14/2010
1808 RIDGE POINTE DR
1269000
5
4.1
4,155
DETACHD
1/12/2010
13764 KNAUS RD
1375000
4
4.1
4,805
DETACHD
1/12/2010
PENDING SALES (Jan. 11 – Jan. 17, 2010)
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
12 CERVANTES CIR
$105,000
2
1.1
912
CONDO
121
668 MCVEY AVE
$164,900
2
1
852
CONDO
9
16250 PACIFIC HWY
$170,000
3
2
1,626
CONDO
128
775 BOCA RATAN DR
$184,500
3
3
2,401
DETACHD
131
3 SUMMIT RIDGE CT
$274,000
2
2.1
1,576
ATTACHD
218
13050 BOONES FERRY RD
$332,000
3
2
2,632
DETACHD
170
5460 BAY CREEK DR
$424,900
3
2.1
2,358
DETACHD
136
38 DA VINCI ST
$625,000
4
2.1
2,932
DETACHD
214
9 HIDALGO ST
649900
4
4.2
5,310
DETACHD
525
5234 WESTFIELD CT
724900
4
3
3,252
DETACHD
8
SOLD (Jan. 11 – Jan. 17, 2010)
Address
O/Price
Close Price
# BR
# BTHS
Total SF
Prop Type
CDOM
3433 MCNARY PKWY
$100,000
$101,500
2
2.1
1,208
CONDO
212
86 KINGSGATE RD
$127,000
$132,000
2
2
924
CONDO
236
520 9TH ST
$325,000
$300,000
3
2
1,148
DETACHD
151
16824 SW INVERURIE RD
$389,900
$310,000
3
3
1,896
DETACHD
245
16824 INVERURIE RD
$279,900
$310,000
3
3
1,896
DETACHD
245
1575 IVY CT
$515,000
$495,000
4
3
2,432
DETACHD
56
17479 BROOKHURST DR
$699,000
$675,000
4
2.1
3,551
DETACHD
78
13010 KNAUS RD
$1,099,000
$930,000
4
3.1
4,312
DETACHD
1128
17404 BERGIS FARM DR
1297000
1065000
5
4.1
5,394
DETACHD
326
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
The pace is picking up a bit. According to RMLS, there are 17 truly NEW properties in Lake Oswego this last week, 9 that went to PENDING status, and 8 that SOLD. Interesting to note that of the 17 NEW properties on the market, there are no shortsales in the bunch according to RMLS, and of the 9 PENDING sales, there were 2 short-sales, with another 2 short-sales out of the 8 SOLDS’s. There are a lot of good deals out there that do not fall into the short-sale or bank-owned categories, and Buyers seem to be looking for that “right” house instead of lasering in on short-sales in general. That said, it is hard to tell how many of the “NEW” properties could be teetering that direction. There is a whole different closing timeline to be considered if you get into that situation, so just be aware and consult with your Realtor.
One thing to be aware of is that we are not able to tell in an RMLS listing exactly how far above the “short-sale line” a property’s asking price may be. There is always the possibility that a property could turn into a short-sale if the negotiated price with the Seller ends up lower than what they owe. Just sayin’. Talk with your Realtor about what that could mean for you if you think you may be offering an amount that could bring up this possibility in your transaction.
Anyway, here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Jan. 4—Jan. 10, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$99,500
1
1
666
CONDO
1/4/2010
668 MCVEY AVE
$164,900
2
1
852
CONDO
1/4/2010
18025 TUALATA AVE
$349,000
3
2
1,970
DETACHD
1/6/2010
2705 ORCHARD HILL PL
$374,900
3
2.1
2,250
DETACHD
1/8/2010
2530 PALISADES CREST DR
$376,200
4
2.1
2,774
DETACHD
1/7/2010
13213 SW 63 PL
$399,900
4
3
2,604
DETACHD
1/6/2010
4651 HASTINGS PL
$454,900
4
2.1
2,215
DETACHD
1/7/2010
1641 ASH ST
$475,000
4
3
2,825
DETACHD
1/4/2010
16909 CRESTVIEW DR
$524,900
4
3
2,553
DETACHD
1/7/2010
17930 MEADOWLARK LN
$599,900
4
4
3,300
DETACHD
1/8/2010
72 CONDOLEA WAY
$629,000
2
2.1
3,088
CONDO
1/7/2010
51 HILLSHIRE DR
$679,000
4
2.2
4,306
DETACHD
1/5/2010
5234 WESTFIELD CT
$724,900
4
3
3,252
DETACHD
1/4/2010
14435 UPLANDS DR
$799,995
4
3.1
4,822
DETACHD
1/6/2010
17884 SW KELOK RD
$949,000
4
3.1
4,124
DETACHD
1/4/2010
15444 BOONES WAY
$998,500
3
2.1
3,364
ATTACHD
1/4/2010
5665 BONITA RD
$1,279,900
2
1
1,500
DETACHD
1/9/2010
PENDING SALES (Jan. 4 – Jan. 10, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
668 MCVEY AVE
$136,400.00
3
1.1
992
CONDO
95
4447 GOLDEN LN
$229,000.00
2
2.1
1,980
ATTACHD
521
16546 BONAIRE AVE
$239,900.00
3
1
1,064
DETACHD
82
2062 CEDAR CT
$299,000.00
4
2
1,800
DETACHD
237
909 CUMBERLAND PL
299000 – 349000
4
3
2,716
DETACHD
43
3634 TEMPEST DR
$424,900.00
4
3
2,931
DETACHD
3
4040 VIRGINIA WAY
$524,900.00
3
2.1
2,623
DETACHD
243
5310 WASHINGTON CT
$624,900.00
4
3.1
3,328
DETACHD
865
1839 PALISADES LAKE CT
$899,900.00
4
3.1
4,570
DETACHD
166
SOLD (Jan. 4 – Jan. 10, 2010)
Address
O/Price
Sold Price
# Beds
# Baths
Total SF
Prop Type
CDOM
26 WHEATHERSTONE
$265,000
$210,000
3
2.1
1,692
CONDO
135
5686 WASHINGTON CT
$275,000
$259,800
2
2
1,342
DETACHD
25
5956 FERNBROOK CIR
$299,999
$295,000
4
2
1,376
DETACHD
370
4191 CHAPMAN WAY
$409,000
$360,000
4
2.1
2,610
DETACHD
194
4 ICARUS LOOP
$449,000
$445,000
4
2.1
2,743
DETACHD
57
17675 CARDINAL DR
$599,000
$500,000
3
3
3,458
DETACHD
294
2200 PRESTWICK RD
$1,095,000
$825,000
4
2.1
3,356
DETACHD
539
17345 BERGIS FARM DR
$1,249,900
$1,062,500
4
3.2
5,199
DETACHD
665
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
Last week brought us 4 truly new listings, 4 pending sales, and 5 closed sales. Kudos to the brave souls who were out working and busy over the holidays. And to my client who managed to schedule his moving day for the exact date and time of our brief snow storm.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Dec. 28—Jan. 3, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
100 KERR PKWY
$102,500
2
1.1
823
CONDO
12/28/2009
4 TOUCHSTONE
$160,000
3
2.1
1,350
CONDO
1/2/2010
19415 SW DOGWOOD CT
$529,900
5
3
3,517
DETACHD
1/1/2010
19288 SW Megly CT
$579,900
5
3
3,657
DETACHD
1/1/2010
PENDING SALES (Dec. 28 – Jan. 3, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
65 Church ST
$159,900
2
1.1
1,040
CONDO
250
952 A AVE
$350,000
2
2
2,912
DETACHD
241
5506 ROYAL OAKS DR
$399,900
4
3
2,535
DETACHD
19
8 BUCKINGHAM TER
$427,900
4
2.1
3,186
DETACHD
144
SOLD (Dec. 21 – Dec. 27, 2009)
Address
O/Price
Sold Price
# Beds
# Baths
Total SF
Prop Type
CDOM
4000 CARMAN DR
$129,900
$123,000
1
1
836
CONDO
103
364 NORTHSHORE RD
$629,900
$355,460
2
2
2,220
DETACHD
465
106 GREENRIDGE CT
$489,000
$441,000
4
3
3,127
ATTACHD
136
279 EVERGREEN RD
$689,000
$615,000
3
3.1
2,136
ATTACHD
129
1980 TWIN POINTS RD
$4,987,500
$4,987,500
4
5
6,600
DETACHD
0
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
There are 5 truly NEW properties in Lake Oswego this last week, 3 that went to PENDING status, and 4 that SOLD.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Dec. 21—Dec.27, 2009)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$90,000
2
1
932
CONDO
12/22/2005
85 OSWEGO SMT
$225,000
2
2
1,212
CONDO
12/23/2005
13680 SHIREVA DR
$289,900
3
2
1,504
DETACHD
12/21/2005
4962 BILFORD LN
$439,900
3
2.1
2,168
ATTACHD
12/20/2005
1400 LEE ST
$475,500
4
3
2,804
DETACHD
12/22/2005
PENDING SALES (Dec. 21 – Dec. 27, 2009)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
364 NORTHSHORE RD
$399,900
2
2
2,220
DETACHD
465
19 BECKET ST
$399,995
4
3.1
3,818
DETACHD
36
4938 MULHOLLAND DR
$478,500
3
2.1
2,498
ATTACHD
217
SOLD (Dec. 21 – Dec. 27, 2009)
Address
O/Price
Sold Price
# Beds
# Baths
Total SF
Prop Type
CDOM
16200 PACIFIC HWY
$368,000
$210,000
2
2
1,208
CONDO
72
15010 TWIN FIR RD
$325,000
$260,000
8
2.1
3,526
DETACHD
220
953 A AVE
$450,000
$370,000
2
2.1
2,908
DETACHD
134
4688 CHELSEA LN
$649,900
$615,500
4
2.1
3,493
DETACHD
9
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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
Newly listed, this home should be at the top of your list if you are considering buying a condo in Lake Oswego. Priced at $229,900, it is a spacious 2 bedroom, 2 full-bath home that has been recently updated. It is immaculate with all new windows, crown moldings, and walnut floors.
This property is on the top floor and at the end of the building. So it is very, very private and very, very quiet. It is also all on one level with an elevator, so there are absolutely zero stairs. It also has an over-sized, one-car garage that is 13×20 feet. The garage is just a few steps from the elevator. So access to your condo is both easy and convenient and you are covered and out of the weather the entire time.
The rooms in this condo are large. The master bedroom is 17×12 and the living room is 21×14. The master has a huge walk-in closet and its own full bath. The living room has a wood-burning fireplace and a deck that goes the entire length of the room.
Did I mention the view? There are spectacular views of SW Portland looking towards the city as well as Mt. St. Helens. Seriously, this is a lot of value for the money without there being a gorgeous view. Then add in the fact that every single day you get to live on top of the world and you have found one great place to live.
This condo is located in Mt. Park on the Western edge of Lake Oswego. Mt. Park is one of the first planned developments in the United States. It features 15 miles of walking paths, tennis, basketball, swimming, weight rooms, exercise classes and a gorgeous rec center that can be used for meetings and receptions.
I would love to have the opportunity to show you this property in person. Do not hesitate to give me a call to make an appointment. I can be reached via phone at 503-803-6298 or via e-mail at jdgregoire@earthlink.net
