Month: June 2008

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Lake Oswego Real Estate Market Activity – June 2-8, 2008

Fifty-three new listings arrived on the Lake Oswego real estate scene last week, while 23 homes found themselves new or potential owners (sold or pending).

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

NEWLY LISTED (JUNE 2 – 8, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
86 KINGSGATE RD
$159,900
2
2
849
 CONDO
6/6
4087 JEFFERSON PKWY
$240,000
2
2.1
1,851
 ATTACHD
6/5
668 MCVEY AVE
$269,000
1
1
636
 CONDO
6/2
3797 LANEWOOD ST
$312,900
3
1
2,560
 DETACHD
6/2
3787 LANEWOOD ST
$319,900
3
1.1
1,344
 DETACHD
6/2
16015 SW WALUGA DR
$365,000
4
2
2,010
 DETACHD
6/5
5400 SW DAWN AVE
$367,000
3
1
1,216
 DETACHD
6/5
16284 SW BONAIRE AVE
$369,900
3
2
1,032
 DETACHD
6/1
1647 DEVON LN
$369,900
3
2.1
2,494
 DETACHD
6/2
4347 SILVER CT
$375,500
3
2.1
1,850
 ATTACHD
6/1
1635 ASPEN ST
$397,000
3
2.1
1,618
 DETACHD
6/5
100 LEONARD ST
$418,900
2
2
1,364
 CONDO
6/6
17304 MARJORIE AVE
$425,000
3
1.1
1,340
 DETACHD
6/1
1725 FERNWOOD DR
$449,000
4
2
1,580
 DETACHD
6/5
2400 PARK RD
$449,900
3
2.1
1,960
 DETACHD
6/1
16969 ALDER CIR
$469,000
3
2
1,534
 DETACHD
6/1
3 CELLINI CT
$539,900
4
2.1
2,500
 DETACHD
6/1
17121 WALL ST
$549,000
3
2.1
2,187
 DETACHD
6/5
14003 AMBERWOOD CIR
$589,000
4
2.1
2,652
 DETACHD
6/5
2584 PARK RD
$599,999
4
2
2,302
 DETACHD
6/1
20 WALKING WOODS DR
$639,500
5
3
3,144
 DETACHD
6/1
5624 SOUTHWOOD DR
$645,000
4
3
3,120
 DETACHD
6/5
56 SPINOSA
$649,900
5
3.1
3,808
 DETACHD
6/4
12456 SW Orchard Hills DR
$649,950
4
2.2
3,104
 DETACHD
6/3
653 RIDGEWAY RD
$650,000
3
2
1,808
 DETACHD
6/5
14121 GABRIELLE CT
$698,500
4
2.1
3,015
 DETACHD
6/1
5310 Washington CT
$729,900
3
2.1
3,328
 DETACHD
6/2
15837 ALLISON PL
$739,000
4
2.1
3,534
 DETACHD
6/6
15815 ALLISON PL
$749,000
4
2.1
3,534
 DETACHD
6/6
4064 ORCHARD DR
$749,900
4
2.1
3,600
 DETACHD
6/2
435 8TH ST
$749,900
4
3.1
2,505
 DETACHD
6/3
5384 Washington CT
$769,900
3
2.1
3,228
 DETACHD
6/2
18036 SKYLAND CIR
$778,900
3
2.1
3,000
 DETACHD
6/2
17386 BLUE HERON RD
$824,900
4
3.1
4,063
 DETACHD
6/5
595 D AVE
$849,000
3
2
3,760
 DETACHD
6/5
16176 MATTHEW CT
$849,000
4
2.1
3,474
 DETACHD
6/4
1670 PINE ST
$885,000
4
4
3,286
 DETACHD
6/2
727 LAUREL ST
$949,000
4
3.1
2,924
 DETACHD
6/6
17760 LAKE HAVEN DR
$999,000
4
2.1
2,051
 DETACHD
6/3
1606 BAY VIEW LN
$1,075,000
5
3.1
4,288
 DETACHD
6/1
163 IRON MOUNTAIN BLVD
$1,095,000
3
1.1
1,968
 DETACHD
6/3
2680 GLEN EAGLES RD
$1,199,000
3
3
3,000
 DETACHD
6/2
577 MIDDLECREST RD
$1,200,000
4
2.1
2,000
 DETACHD
6/1
12439 SW 22ND AVE
$1,299,000
4
3.1
4,118
 DETACHD
6/4
664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
 DETACHD
6/4
17512 GREENBLUFF DR
$1,425,000
4
3
3,777
 DETACHD
6/6
17951 MEADOWLARK LN
$1,689,990
4
3.2
5,065
 DETACHD
6/4
18025 SKYLAND CIR
$1,749,000
4
3.2
5,379
 DETACHD
6/2
19175 EASTSIDE RD
$1,759,900
5
4.1
5,263
 DETACHD
6/1
13900 SW GOODALL RD
$2,250,000
5
3.1
4,212
 DETACHD
6/5
17860 CRESTLINE DR
$3,100,000
4
5.2
6,810
 DETACHD
6/2
1066 NORTHSHORE RD
$3,650,000
4
5.1
4,224
 DETACHD
6/7
3012 LAKEVIEW BLVD
$5,750,000
4
4.1
5,957
 DETACHD
6/6

PENDING SALES (JUNE 2 – 8, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
PENDING DATE
88 Galen
$137,987
2
1
923
 CONDO
34
44 EAGLE CREST DR
$149,500
2
1
908
 CONDO
4
165 OSWEGO SMT
$209,900
2
2
1,383
 CONDO
458
3691 LANEWOOD ST
$274,900
3
1.1
1,284
 DETACHD
0
3545 UPPER DR
$375,000
3
2
1,348
 DETACHD
4
17650 ARBOR LN
$399,900
3
3
2,043
 DETACHD
345
555 2ND ST
$425,600
2
2
1,120
 CONDO
454
1602 GREENTREE RD
$449,900
3
2
1,708
 DETACHD
97
16 CHURCHILL DOWNS DR
$520,000
3
2.1
2,056
 DETACHD
2
5746 CHARLES CIR
$599,000
4
2.1
2,737
 DETACHD
59
4786 AVERY LN
$619,000
5
2.1
2,927
 DETACHD
215
5413 LANGFORD LN
$728,950
3
2.1
2,891
 DETACHD
427
18000 S EASTRIDGE LN
$1,995,500
4
4
5,260
 DETACHD
246

SOLD (MAY 26 – JUNE 1, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
16584 SW ROOSEVELT AVE
$269,900
$200,000
2
1
1,188
 DETACHD
45
5056 FOOTHILLS DR
$317,500
$275,000
2
2
1,252
 CONDO
115
343 5TH ST
$319,500
$305,000
2
1
910
 CONDO
34
16 Aquinas ST
$349,900
$320,000
3
2
1,569
 DETACHD
73
727 9th Street
$449,000
$375,000
1
1
780
 DETACHD
144
16400 WESTVIEW RD
$429,500
$421,000
2
1
1,217
 DETACHD
6
836 MAPLE ST
$489,900
$450,000
3
2.1
1,700
 DETACHD
221
1982 PARK FOREST AVE
$519,900
$519,900
5
3
2,692
 DETACHD
11
2445 PARK RD
$659,900
$650,000
5
3
3,200
 DETACHD
63
19124 MEGAN PL
$768,500
$743,000
4
2.1
3,584
 DETACHD
82

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 – June 6-7, 2008

Another long list of homes await home tour aficionados and home shoppers this weekend in Lake Oswego.

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

Date Time Address
List Price
Bdrms
Baths
Total SF
6/8/08 1-3 p.m. 86 KINGSGATE RD
$185,000
2
2
938
6/8/08 1-3 p.m. 9 EAGLE CREST DR
$299,000
2
2
1,492
6/8/08 1-4pm 4458 THUNDER VISTA LN
$339,500
3
2.1
2,200
6/8/08 1-4pm 1695 MEADOWS DR
$417,500
4
3
2,185
6/8/08 12-2pm 17755 HILL WAY
$419,900
3
3
1,887
6/8/08 2-4:30pm 17304 MARJORIE AVE
$425,000
3
1.1
1,340
6/8/08 1:00-3:00 PM 18929 SW TERRY AVE
$429,950
4
2
2,065
6/8/08 1-3 p.m. 16990 LOWER MEADOWS DR
$449,900
3
2.1
2,000
6/8/08 1-4pm 17870 DEERBRUSH AVE
$449,900
3
2.1
1,912
6/8/08 1-3pm 4760 LOWER DR
$450,000
3
3
3,252
6/8/08 1:00-3:00 666 3RD ST
$454,950
3
1.1
1,759
6/8/08 1-4 PM 960 9TH ST
$525,000
3
1
1,429
6/8/08 1 to 4 3721 TEMPEST DR
$589,900
4
2.1
2,572
6/8/08 1-3 PM 4729 CAMBRIDGE CT
$599,900
2
2.1
3,056
6/8/08 1-4pm 5624 SOUTHWOOD DR
$645,000
4
3
3,120
6/8/08 1-4pm 8 CAMELOT CT
$650,000
5
3
3,080
6/8/08 1-4pm 4691 CHELSEA LN
$689,900
4
2.1
3,102
6/8/08 1-3 p.m. 14121 GABRIELLE CT
$698,500
4
2.1
3,015
6/8/08 1:30-3:30 17 SCARBOROUGH DR
$699,900
4
2.1
3,290
6/8/08 1pm-3pm 2650 LOOKOUT CT
$699,900
4
3.1
3,480
6/7/08 1-4pm 18086 JENIFERS WAY
$719,900
3
2.1
2,566
6/8/08 1-4 PM 18086 JENIFERS WAY
$719,900
3
2.1
2,566
6/8/08 1-3 p.m. 17706 MARYLBROOK DR
$724,900
3
2.2
2,977
6/8/08 1-4PM 34 HILLSHIRE DR
$740,000
4
2.1
3,822
6/8/08 1-4pm 17755 TREETOP LN
$769,000
5
3.1
3,864
6/8/08 1-4pm 2704 ORCHARD HILL LN
$789,000
5
3
3,207
6/8/08 12:30-2:30 3540 RED CEDAR WAY
$999,000
5
3.1
4,100
6/8/08 1PM -4PM 4311 HAVEN ST
$1,086,750
5
4
3,816
6/8/08 1PM – 4PM 950 OAK TER
$1,199,950
4
2.1
3,714
6/8/08 1-3 p.m. 577 MIDDLECREST RD
$1,200,000
4
2.1
2,000
6/7/08 1-4pm 12439 SW 22ND AVE
$1,299,000
4
3.1
4,118
6/8/08 1-4pm 12439 SW 22ND AVE
$1,299,000
4
3.1
4,118
6/8/08 1-3 p.m. 622 OAK MEADOW DR
$1,325,000
4
3.1
4,168
6/8/08 1-3 p.m. 17464 RIDGEVIEW LN
$1,348,950
4
3.1
4,407
6/7/08 1-4pm 12424 SW 22ND AVE
$1,350,000
5
4.1
4,771
6/8/08 1-4pm 12424 SW 22ND AVE
$1,350,000
5
4.1
4,771
6/8/08 1-3 p.m. 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
6/8/08 1-3 p.m. 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,659
6/7/08 3:00-5:00 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 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 Flood Zone Changes

Lakefront property owners in Lake Oswego are pretty comfortable overall with the knowledge that the lake is managed and dammed, and so concerns regarding rising water during heavy rains etc are not prevalent. The lake is owned and managed by the Lake Oswego Corporation (LOC), a local entity to which lakefront residents establish membership and pay dues. Every few years the lake is drained for a few months to allow residents to clean and repair boat docks along the lake and canals, and generally speaking, it is understood that the lake is a controlled body of water. Even so, in the flood of 1996, water did spill over in some areas because it was not able to be released quickly enough at the dam to compensate for the heavy inflow.

FEMA recently completed a study of the Lake Oswego area and has determined that it will change the flood zone designation for properties on the lake, as well as properties surrounding the canals, Tualatin River, and Spring Creek. The maps for the 100-year flood zone have been altered, and are available for viewing at www.ci.oswego.or.us/plan. The city’s website states: “Text amendments are intended to comply with FEMA’s regulations so that the City can retain eligibility for participation in the National Flood Insurance Program.”

Lake Oswego must be compliant with FEMA’s requirements in order for Lake Oswego residents to be able to take advantage of their flood insurance policies in the event of a natural disaster. Lake Oswego property owners, especially those near the lake, would be well advised to double-check their property’s location on these new maps and its relation to the new flood zones, as they may be required to carry flood insurance now, even though that was not the case when the property was purchased.

According to Kelley Woodwick at Chicago Title, there is good news for sellers, in that flood insurance contracts may be transferred to new buyers at grandfathered rates and zones. Again, check the city’s new maps before June 18th to acquire information on the grandfathered areas… after the 18th, I am told that the information will most likely be removed from the website.

There are also new regulations resulting, including elevation requirements for remodeling and new construction. Significant remodeling jobs now require that the structure be at 104.5 ft elevation as compared to the old standard of 103.5 ft. New construction after June 18, 2008 will also be required to meet a 104.5 ft elevation requirement.

Checking with the City of Lake Oswego is always a good idea, and much information can be found at their website (above). Stay informed, stay protected, and stay dry!

Posted on

Lake Oswego Real Estate Activity – May 26-June 1, 2008

Welcome! Each week here at the PropertyBlotter, we post the previous week’s real estate activity, including new listings, homes that have received an acceptable offer (sale pending), and closed sales. Note, we delay reporting on closed sales by one week to ensure we’ve captured all sales.

Later in the week, we’ll post a monthly wrap-up for the Lake Oswego market, comparing it to May 2007.

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

NEWLY LISTED (May 26 – June 1, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
100 KERR PKWY
$99,950
1
1
617
CONDO
5/29
96 OSWEGO SMT
$139,900
1
1
764
CONDO
5/26
44 EAGLE CREST DR
$149,500
2
1
908
CONDO
5/29
668 MCVEY AVE
$254,900
2
1
852
CONDO
5/29
5058 FOOTHILLS DR
$289,000
2
2
1,252
CONDO
5/28
28 GREENRIDGE CT
$294,499
2
1.1
1,900
ATTACHD
5/31
5829 SW BENFIELD CT
$347,800
5
2.1
1,744
DETACHD
5/30
3545 UPPER DR
$375,000
3
2
1,348
DETACHD
5/31
16758 GRAEF CIR
$395,000
3
1
1,295
DETACHD
5/26
18929 SW TERRY AVE
$429,950
4
2
2,065
DETACHD
5/29
17273 BRYANT RD
$432,000
3
1.1
1,432
DETACHD
5/27
100 KINGSGATE RD
$445,000
3
2.1
1,960
DETACHD
5/29
17162 WARREN CT
$532,500
4
2.1
2,231
DETACHD
5/26
455 10TH ST
$538,950
2
2
2,284
DETACHD
5/29
3 MASARYK ST
$574,000
4
3
4,283
DETACHD
5/26
54 Aquinas ST
$575,000
3
2.1
3,236
DETACHD
5/26
322 8TH ST
$575,000
2
2
1,734
DETACHD
5/29
36 NORTHVIEW CT
$579,000
3
3.1
2,573
ATTACHD
5/28
32 WESTRIDGE DR
$655,000
4
2.2
3,614
DETACHD
5/29
2161 HILLSIDE CT
$669,900
4
3
3,378
DETACHD
5/25
5017 HARTFORD PL
$699,000
3
3.1
3,259
DETACHD
5/28
2981 VALE CT
$699,000
4
2.1
3,516
DETACHD
5/30
17 SCARBOROUGH DR
$699,900
4
2.1
3,290
DETACHD
5/30
2650 LOOKOUT CT
$699,900
4
3.1
3,480
DETACHD
5/29
5287 LANGFORD LN
$734,000
3
2.1
2,951
DETACHD
5/25
18242 ANDUIN TER
$799,500
5
3
3,651
DETACHD
5/28
5441 DENTON DR
$839,000
4
2.1
3,335
DETACHD
5/29
4102 CHAD DR
$848,950
4
2.1
3,054
DETACHD
5/29
16980 MAPLE CIR
$870,000
4
2
2,500
DETACHD
5/28
1640 OAK ST
$899,900
4
2.1
3,326
DETACHD
5/31
1633 MAPLE ST
$997,500
3
3
3,448
DETACHD
5/27
15540 VILLAGE DR
$1,049,000
5
2.1
3,780
DETACHD
5/30
16840 ALDER CIR
$1,749,000
4
2.1
3,563
DETACHD
5/30
19300 SW STAFFORD RD
$2,195,000
3
3.1
6,158
DETACHD
5/27

PENDING SALES (May 26 – June 1, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
PENDING DATE
100 KERR PKWY
$67,900
1
1
617
CONDO
73
44 EAGLE CREST DR
$150,000
2
1
908
CONDO
132
368 CERVANTES CIR
$150,000
2
1
882
CONDO
105
4952 PARKHILL ST
$459,900
3
3
3,274
DETACHD
101
1720 WOODLAND TER
$475,000
4
2.1
2,786
DETACHD
69
5853 SOUTHWOOD DR
$699,900
5
2.1
3,707
DETACHD
217
2430 SUMMIT CT
$1,400,000
2
2
2,911
DETACHD
658
1673 CHERRY LN
$1,995,000
4
4.3
5,732
DETACHD
72
16871 SW GREENBRIAR RD
$2,695,000
5
4.1
6,050
DETACHD
2

SOLD (MAY 19 – 25, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
45 EAGLE CREST DR
$159,900
$150,000
1
1
768
CONDO
5
342 CERVANTES CIR
$167,000
$164,000
2
1.1
1,104
CONDO
20
3852 SW Botticelli ST
$234,900
$225,000
3
2
1,224
ATTACHD
33
214 OSWEGO SMT
$259,900
$248,000
2
2
1,506
ATTACHD
48
5750 CARMAN DR
$299,900
$273,625
4
2
1,580
DETACHD
143
4512 LOWER DR
$349,900
$320,000
2
2.1
1,636
ATTACHD
13
19061 SW INDIAN SPRINGS RD
$519,900
$412,000
5
3
2,341
DETACHD
128
18471 WAXWING CIR
$514,900
$415,000
4
2.1
2,431
DETACHD
324
5511 ROYAL OAKS DR
$449,900
$450,000
3
2
1,898
DETACHD
39
13395 VERMEER DR
$469,698
$469,698
4
2.1
2,461
DETACHD
4
1440 CHERRY CREST AVE
$539,900
$539,900
3
2.1
1,938
DETACHD
14
17878 HILLSIDE DR
$649,950
$600,000
5
3
3,449
DETACHD
27
2934 TOLKIEN LN
$925,000
$694,000
5
3.1
3,851
DETACHD
462
14218 KIMBERLY CIR
$749,000
$735,000
4
2.1
3,205
DETACHD
6
165 FURNACE ST
$829,000
$820,000
2
2.1
2,175
CONDO
9
2188 GLENMORRIE LN
$900,000
$830,000
5
3
3,200
DETACHD
73
1592 VIEW LAKE CT
$995,000
$985,000
3
3
2,889
DETACHD
56
12210 SW ORCHARD HILL RD
$1,950,000
$1,550,000
4
3.2
4,640
DETACHD
302
1200 FAIRWAY RD
$2,450,000
$1,950,000
5
4.1
4,872
DETACHD
398

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.