Lake Oswego Open Houses ~ Sunday, Nov. 29, 2009

There are three beautiful homes being held open on Sunday of Thanksgiving Weekend according to RMLS.   It is supposed to be relatively warm and partly sunny…. a nice day to get out and look at homes with those visiting relatives and/or friends you’d love to have closer to you…

Dianne and I are, as always, here for you… even on Thanksgiving weekend : )

Address L/Price # Beds # Baths Total SF Prop Type Open
1597 BONNIEBRAE DR $199,900 2 1 998 CONDO 1-3PM
106 GREENRIDGE CT $449,000 4 3 3127 TWNHM 1-4PM
19101 INDIAN CREEK AVE $619,500 2 2.1 2794 DETACHD 1-3PM

Market Activity Report ~ Nov. 9 – 15, 2009

There are 15 truly NEW properties in Lake Oswego this last week, 11 that went to PENDING status, and 10 that SOLD. Here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Nov. 09—Nov.15, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
73 GALEN ST $159,900 2 2 995 CONDO 11/10/2009
235 Cervantes $180,000 2 2 1,100 CONDO 11/14/2009
5225 Jean RD $189,500 2 2 1,100 CONDO 11/9/2009
244 RIDGEWAY RD $214,500 2 1 753 CONDO 11/14/2009
17659 DEEMAR WAY $249,000 3 2 1,382 DETACHD 11/11/2009
4141 COBB WAY $299,900 3 2 1,236 DETACHD 11/11/2009
4288 SUNSET DR $359,000 3 2 1,550 DETACHD 11/9/2009
4235 HARVEY WAY $395,000 3 2 1,384 DETACHD 11/10/2009
3521 LANEWOOD ST $399,500 3 1.1 1,675 DETACHD 11/15/2009
16150 LAKE FOREST BLVD $495,000 2 2 2,302 DETACHD 11/12/2009
32 SPINOSA $499,900 4 2.2 2,542 DETACHD 11/13/2009
2025 WEMBLEY PARK RD $499,900 4 2 2,288 DETACHD 11/15/2009
136 D AVE $550,000 2 2.1 1,741 ATTACHD 11/14/2009
3612 TEMPEST DR $599,900 4 3 2,819 DETACHD 11/9/2009
14435 UPLANDS DR $825,000 4 3.1 4,822 DETACHD 11/14/2009

PENDING SALES (Nov. 09 -Nov. 15, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
72 CERVANTES CIR $125,000 2 1.1 912 CONDO 12
668 MCVEY AVE $179,900 3 1.1 985 CONDO 1092
14431 SHERBROOK PL $299,900 4 3 3,284 DETACHD 330
17752 SCHALIT WAY $329,900 3 2 1,463 DETACHD 62
953 A AVE $375,000 2 2.1 2,908 DETACHD 134
17088 REBECCA LN $429,000 4 3 2,554 DETACHD 923
566 5TH ST $448,000 3 2 2,177 DETACHD 114
17332 Lake Haven DR $749,000 4 2 2,484 DETACHD 125
17384 BERGIS FARM DR $1,295,000 5 4.1 5,012 DETACHD 8
1924 CHERYL CT $1,299,000 4 4.2 5,204 DETACHD 785
616 CABANA LN $2,250,000 5 4 3,800 DETACHD 220

SOLD (Nov. 09-Nov. 15, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
44 EAGLE CREST DR $154,900 $158,900 3 2 1,085 CONDO 123
4330 COUNTRY WOODS CT $239,900 $280,000 3 1 1,200 DETACHD 86
4662 CARMAN DR $289,900 $340,000 5 2 1,754 DETACHD 13
161 C AVE $499,900 $411,000 2 2.1 1,719 ATTACHD 215
2925 ORCHARD HILL PL $549,000 $460,000 3 2.1 2,418 DETACHD 148
4018 COHO LN $539,000 $470,000 3 2 2,489 DETACHD 61
353 D AVE $825,000 $555,000 4 2 3,228 DETACHD 749
540 NORTHSHORE RD $619,000 $583,900 4 3 2,746 DETACHD 153
17211 KELOK RD 1399000 1230000 3 3.1 5,384 DETACHD 112
397 FURNACE ST 1850000 1400000 3 2.1 2,864 DETACHD 100

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.

Lake Oswego Open Houses ~ Sunday, November 1, 2009

Geez… It’s November already! You know what that means… Halloween’s over, Thanksgiving is only a few weeks away, and then the Holidays, gift-giving… OK, I’ll stop : )  Right now it’s Fall, and Sunday is supposed to be a nice one w/sunshine and some decent temperatures.  Also, the announcement that we are pretty darned close to an extension of the First-Time-Home-Buyer Tax Credit (which additionally applies, by the way, to those who have not owned a home for three years now) and the proposal of an additional $6500. Tax Credit for those “Buying Up” if you meet income guidelines (under $125,000. for an individual or $225,000. for couple filing jointly) and purchase a house for $800,000. or less.  And you thought your dreams were going to have to wait!

Dianne and I are, as always, here for you.

There are 26 properties on tour in Lake Oswego Sunday according to RMLS (including the Luxury Townhomes at 363 Sixth St in First Addition) :

Address List Price # Bdrms # Baths Total SF Open
4629 LAKEVIEW BLVD $165,000 2 2 1178 1-3PM
1597 BONNIEBRAE DR $199,900 2 1 998 1-3PM
17752 SCHALIT WAY $329,900 3 2 1463 2-5PM
4 ICARUS LOOP $449,000 4 2.1 2743 1-3PM
252 NORTHSHORE RD $459,000 3 1 2280 11-1:30PM
14251 CAMDEN LN $535,900 3 2.1 2179 1-4PM
363 SIXTH ST $599,900 3 3.1 2258 1-4PM
17879 HILLSIDE DR $599,900 3 3 3049 1-4PM
5218 WESTFIELD CT $719,000 3 2.1 3125 1-4PM
16705 GLENWOOD CT $749,000 4 3 4243 12-3PM
17110 LOWENBERG TER $825,000 4 2.1 2678 1-4PM
13010 KNAUS RD $995,000 4 3.1 4312 1-3PM
18209 SIENA DR $1,178,950 4 3.1 3839 1-3PM
18143 SIENA DR $1,197,000 5 4.1 4152 1-3PM
18246 BELLA TERRA DR $1,294,000 4 3.1 4196 1-3PM
17464 RIDGEVIEW LN $1,298,950 4 3.1 4407 1-3PM
622 OAK MEADOW DR $1,325,000 4 3.1 4171 1-3PM
664 OAK MEADOW DR $1,355,000 4 3.1 4198 1-3PM
18110 Siena DR $1,394,000 4 3.1 4311 1-3PM
657 OAK MEADOW DR. $1,395,000 4 3.1 4371 1-3PM
17364 RIDGEVIEW CT $1,425,000 4 3.1 4436 1-3PM
15825 OSWEGO SHORE CT $2,248,850 3 3.1 4317 1-3PM
13961 KNAUS RD $2,450,000 4 4.2 6614 12-1:30PM

Amazing Deal on Luxury Townhomes in First Addition

LOSixthFrontIt isn’t often that we shine the spotlight on any particular property, but when we heard that the new luxury town homes on Sixth St in sought-after First Addition had just lowered their prices by $100,000 each to $599,900., Dianne and I just had to run over there and take a look.

There are six of these little gems with four of them left & available for purchase. The address is 363 Sixth St., and the LOKitchen 102909ML# if you want to get a preview is 9057549. Each has 2258 SF, 3 bedrooms, 3 & 1/2 baths, 2 levels with additional full finished basements, and probably just everything you’ve been looking for.

First of all, they really are gorgeous. The finishes in these are superior. The first feature you notice inside are the beautiful plank maple hardwood floors. A sleek yet spacious slab granite kitchen with long island, pantry & light beech LO DiningRm 102909cabinets also boasts additional built-ins and smart features like a pull-down bar. The dark french doors to the front porch area off the dining room are a rich contrast, and the white wainscoting throughout adds that crisp old-world cottage feel. The 2-car detached garage out back with private courtyard to the house is an added bonus in First Addition, and from there you enter the great room compete with gas fireplace and more built-ins.

LO BltIns 102909Downstairs you find another gas fireplace and generous media room as well as another bedroom & bathroom w/an additional laundry area for guests or your reclusive teenager. Upstairs is the master bedroom & bath showing off glorious travertine w/onyx, a clawfoot tub & separate shower as well as an additional bathroom w/soaker tub & yet another bedroom. Walk-in closets of course, and the main laundry near the upstairs bedrooms check those final “must-haves” off the list.

LOKitchen102909Overall, these are just so unique & have that easy-living feel that goes hand in hand with the First Addition lifestyle… you know, walking to all the services, trendy shops and restaurants, not to mention Millenium Park Plaza for a view of the lake & all the festive local activities like Farmer’s Market, open air Movie Nights, Holiday Tree-Lighting festivities and on & on. First Addition is just a strolling kinda place; a small-town feel with all the amenities. Cottage Living LOGrtRm3magazine named First Addition as one of the ten best cottage communities in the country. American Planning Association name it one of the top 10 neighborhoods in America. The accolades go on & on.

Yes, these are nice indeed. But you know, on the practical side, in addition to the location & amazing price when comparing features & finishes to other offerings, there are also NO HOA fees. Compare that with other HOA’s nearby at anywhere from $136./month to $455./mo.

LOMedia RmCome on down & take a look. Bring a Realtor as there has been a lot of interest. They will be held open both Saturday & Sunday from 1 – 4.

Talking Taxes

Along with the gorgeous fall color, October brings property tax statements.  If you live in Oregon, you will be receiving your statement in the mail in the next week or so.  Property taxes are pretty misunderstood, and not because people are dumb. The simple fact is that they are confusing. I am going to take a shot at explaining them and clearing up some basic issues.

fallcolorThe tax year runs from July 1st to June 30th, but you receive your tax statement in October for payment on November 15th.  No wonder people are confused!  Not only does the tax year not correspond with the calendar year, but you get your statement at a completely odd time as well.  (Is this some sort of a conspiracy?)  So when you pay your taxes in November you are paying in arrears back to July 1 and ahead to June 30.  You can pay your taxes in one lump sum and receive a discount, or you can pay it in thirds with the final third due in May.

Don’t fall behind in your property taxes.  The tax assessor is the only entity that can step ahead of your mortgage lender in lien position.  This means that if you fall behind, the county can actually foreclosure on your home even if you are current on your mortgage.  This is why mortgage companies pay attention to whether or not your property taxes are paid and will be all over you if you let them slide.  I recommend to all first-time buyers, and to buyers who are not yet financially seasoned homeowners, that they arrange for their taxes to be paid as a part of their house payment.  This builds a reserve account that is built up all year so that when November rolls around the full year’s tax bill is on hand, and the taxes are paid on your behalf by your mortgage company.  It makes paying your taxes quite automatic.

fallcolor2Yes, your property taxes will probably go up this year even though your house value has likely gone down.  Right now, this is the most confusing issue about property taxes and is getting a lot of play in the media.  This is happening because of the restriction that was placed onto annual tax increases in the mid-1990’s.  At that time house values were going up quickly and property taxes were going up at the same pace.  This was creating financial hardship because people’s incomes were not keeping pace.  A ballot measure was passed that restricted annual tax increases to not more than 3% per year plus any bond measures passed through public vote.  Bond measures are those ballot measures that supply funding to build libraries, schools, zoos, etc.  Lots of bond measures have been passed in the last 15 years, including an $80,000,000 bond measure that re-built the two High Schools here in Lake Oswego.

When you receive your tax bill you will see two values:  tax assessed and market.  The tax assessed value has increased under restrictions for the last 15 years.  These restrictions have kept the increase to about 3-6% per year.  At the same time the real market value has increased at the rate of the actual market and there were many years with 10-15% appreciation.  You will not see any decrease in property taxes until or unless the market value falls below the tax assessed value.  And because the market value so far out-paced the tax assessed value, they are still pretty wide apart.  And that is why your property taxes will likely be going up this year.

It’s good to know that buying or selling a home does not trigger a tax increase.  The tax assessed value goes with the house to the new home owner.  So the new sale at a value that is much higher than the tax assessed value will not have an impact on the annual property taxes.  (Other than becoming a part of general statistics used in the tax assessor’s office to track valuations).  There are, however, two things that can trigger higher taxes.  I have already mentioned publicly voted bond measures that pass.  These have no dollar limitations.  It is completely at the discretion of the voters.  The second is major remodeling.  This is not the sort of remodeling where you re-do the kitchen or put up a fence in the yard.  (I am providing general information here.  What the tax assessor uses to trigger a tax increase because of remodeling is at his/her discretion, and not mine )  This is the sort of remodeling where you add square footage to the house, or gut a house and re-build it from the studs out.  This will bring in lots of building permits and the tax assessor will be right in there to see how it affects the value.  A total remodel can trigger tax assessments that make the home virtually a new house.

The taxation process is political. And that means it was built from problems that needed to be solved and a solution that was from compromises.  So it’s not perfect.  The biggest area that I see as imbalanced is that the basis for the 3% annual increase happened in the mid-1990’s.  Older homes that had lower market values 15 years ago continue to benefit from those values.  And homes that were newer or in expensive neighborhoods continue to have taxes that are higher in comparison.  Having said that, it is my experience that on average taxes in Lake Oswego/Clackamas County still remain lower than taxes in Multnomah County (Portland), and there is no transfer tax like you find in Washington County (Beaverton/Tigard).

Without going on and on on this topic (because that would be pretty easy to do), I hope this explanation is helpful to you as you receive your tax statement in the coming weeks.  And if you are re-locating to the area, I hope it helps you to understand what to expect.

Dianne

Market Action Report ~ October 12-18, 2009

There were 17 New properties that came on the market, 13 that went to Pending status, and 4 that Sold in Lake Oswego last week according to RMLS.

We hope that our weekly real estate status updates regarding activity in Lake Oswego are helpful to you.

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

NEWLY LISTED (Oct. 12—Oct.18, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Beds # Baths Total SF Prop Type List Date
5957 SEVILLE AVE $184,900 1 1 1,199 DETACHD 10/12/2009
450 S STATE ST $185,000 2 1 800 CONDO 10/12/2009
24 WHEATHERSTONE $199,950 3 2.1 1,692 CONDO 10/12/2009
668 MCVEY AVE $219,500 1 1 636 CONDO 10/12/2009
13680 SHIREVA DR $289,900 3 2 1,504 DETACHD 10/13/2009
5219 DAWN AVE $289,900 3 1 910 DETACHD 10/13/2009
16000 PACIFIC HWY $319,000 2 2 1,200 CONDO 10/12/2009
5957 SEVILLE AVE $339,900 1 1 1,199 DETACHD 10/12/2009
3068 DUNCAN DR $473,900 4 4 3,281 DETACHD 10/12/2009
13175 THOMA RD $579,900 3 2 1,920 DETACHD 10/12/2009
5678 SW CHARLES CIR $625,000 4 4 3,455 DETACHD 10/16/2009
5767 SUNCREEK DR $769,000 3 3 3,363 DETACHD 10/18/2009
567 6th ST $769,000 4 3.1 2,558 DETACHD 10/14/2009
19463 LORNA LN $805,000 4 3.1 4,024 DETACHD 10/14/2009
19422 LORNA LN $805,000 5 3.1 4,011 DETACHD 10/14/2009
18209 SIENA DR $1,178,950 4 3.1 3,617 DETACHD 10/12/2009
1075 CHANDLER RD $1,850,000 5 5 5,946 DETACHD 10/16/2009

PENDING SALES (Oct. 12 -Oct. 18, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR $158,900 3 2 1,085 CONDO 123
36 CERVANTES CIR $159,900 2 1.1 912 CONDO 337
16600 BRYANT RD $249,900 3 2 1,877 DETACHD 106
5424 WASHINGTON CT $299,900 2 1 1,296 DETACHD 68
1991 MAPLELEAF RD $309,900 3 2 1,456 DETACHD 14
26 BRIARWOOD RD $344,900 4 2.2 2,554 DETACHD 133
315 LAKE BAY CT $389,900 2 2 1,277 DETACHD 8
905 COUNTRY CLUB RD $409,900 4 2.1 2,817 DETACHD 238
18410 DEERBRUSH AVE $475,000 4 2.1 2,217 DETACHD 78
4691 HERITAGE LN $499,000 4 2.1 2,716 DETACHD 324
400 LAKE BAY CT $529,000 3 2.1 1,680 DETACHD 198
540 NORTHSHORE RD $599,000 4 3 2,746 DETACHD 153
17225 KELOK RD $1,350,000 4 3.1 4,161 DETACHD 0

SOLD (Oct. 12-Oct. 18, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
10 CONDOLEA DR $250,000 $220,000 2 2 1,312 ATTACHD 398
5044 GREENSBOROUGH CT $449,000 $411,100 3 2.1 2,124 DETACHD 49
95 D AVE $608,500 $576,500 4 2 1,809 DETACHD 83
17960 SARAH HILL LN $1,179,000 $910,000 5 3.1 4,800 DETACHD 163

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.

Lake Oswego Open Houses ~ Sunday, October 18, 2009

Sunday is supposed to be our best day of the week… i.e., Sunshine! Get out and enjoy touring some Open Houses in Lake Oswego, and give Dianne or me a call if you are not working with a Realtor and end up finding the house of your dreams! We’d be happy to represent you, and always have time for you.
There are 26 properties on tour in Lake Oswego tomorrow according to RMLS:

Address L/Price # Beds # Baths Total SF Open
4000 CARMAN DR $139,000 2 2 836 1-3PM
16250 PACIFIC HWY $209,900 3 2 1626 1-3PM
1597 BONNIEBRAE DR $216,900 2 1 998 1-3PM
17752 SCHALIT WAY $329,900 3 2 1463 1-4PM
4505 WILDWOOD ST $359,900 3 2 1720 1-3PM
15430 PARTRIDGE DR $379,000 3 2.1 2207 1-3PM
1457 BOCA RATAN DR $420,000 3 2 1568 1-4PM
119 3RD ST $429,900 3 2 1204 1:30-4PM
17886 TUALATA AVE $438,000 4 2 1994 2-4PM
2525 DELLWOOD DR $519,000 5 3 2836 12-1:30PM
3300 SOUTHSHORE BLVD $625,000 1 1.1 1162 1-4PM
13768 KNAUS RD $649,000 3 2 2358 12-1:30PM
2235 GLEN HAVEN RD $749,000 5 2 2778 1-3PM
1225 LAKE GARDEN CT $850,000 4 3.2 3558 1-3PM
14480 KRUSE OAKS BLVD $995,000 4 3.1 4661 1-5PM
18209 SIENA DR $1,178,950 4 3.1 3617 1-3PM
18143 SIENA DR $1,197,000 5 4.1 4152 1-3PM
18246 BELLA TERRA DR $1,294,000 4 3.1 4052 1-3PM
17464 RIDGEVIEW LN $1,298,950 4 3.1 4407 1-3PM
622 OAK MEADOW DR $1,325,000 4 3.1 4171 1-3PM
664 OAK MEADOW DR $1,355,000 4 3.1 4198 1-3PM
18110 Siena DR $1,394,000 4 3.1 4311 1-3PM
657 OAK MEADOW DR. $1,395,000 4 3.1 4371 1-3PM
17364 RIDGEVIEW CT $1,425,000 4 3.1 4436 1-3PM
15825 OSWEGO SHORE CT $2,248,850 3 3.1 4317 1-3PM
13961 KNAUS RD $2,450,000 4 4.2 6614 2:30-4PM

What’s Happening in Lake Oswego?

102708 Fm My DeckHere are a few local events & opportunities currently offered Lake Oswego residents.  Wish you were here?  We do too! Enjoy:

Scam Jam 2009 ~ The FBI Citizen’s Academy Alumni Association invites you to learn to protect yourself from identity theft.  Other topics to be covered include investment fraud, repair scams, financial exploitation and more. Join LOPD and take part in this free event on Saturday, October 17 at Reed College, 3203 SE Woodstock Blvd, Portland.

Unsung Hero Award ~ Lake Oswego is sponsoring this refreshing opportunity to nominate a Lake Oswego neighbor who makes a difference in the lives of those around them.  You may nominate someone by picking up a form at City Hall or by calling 503 635 0257. The deadline is October 31st.

Homecoming Parades ~

  • Lake Oswego High School’s parade: Friday, October 16th   1:30PM – 2:30PM
  • Lakeridge High School’s parade: Friday, October 23rd    2PM – 3PM

A Avenue will be closed to all eastbound traffic from Chandler to 1st Street during the parades.

Vote for Your Favorite Photo ~ Now that Lake Oswego’s first Photo Contest was a huge success, it is time to vote for your favorite of two finalists which were selected from each category.  Lake Oswego residents may vote here: VOTE! Voting closes on October 15th.

Sensitive Lands ~ Lake Oswego is offering a Workshop and FAQ site in response to the tremendous interest of citizenry in the Sensitive Lands policies under discussion now.

Open Houses for October 11, 2009

It’s going to be another gorgeous weekend. Here are the 26 houses that are being held open, according to the RMLS:

Address List Price # BR # BTHS Total SF Prop Type Open
44 EAGLE CREST DR $154,900 3 2 1,085 CONDO 2 to 5
11 OSWEGO SMT $159,900 2 2 1,212 CONDO 12 to 2
3826 BOTTICELLI ST $210,000 2 2 1,055 ATTACHD 1 to 4
1547 BOCA RATAN DR $219,900 2 1.1 1,008 ATTACHD 1 to 3
4774 OAKRIDGE RD $365,000 3 1 2,104 DETACHD 1 to 3
1284 HIDE A WAY LN $369,900 4 3 1,931 DETACHD 1 to 3
1640 WORTHINGTON ST $398,000 4 3 2,394 DETACHD 1 to 4
4 ICARUS LOOP $449,000 4 2.1 2,743 DETACHD 1 to 3
3745 TEMPEST DR 479500 4 3 2,573 DETACHD 2:30 to 4:30
106 GREENRIDGE CT 489000 4 3 3,127 CONDO 1 to 5
6666 CHILDS RD 489900 3 1 2,034 DETACHD 2 to 4
3254 DUNCAN DR 500000 4 3.1 3,997 DETACHD 2 to 4
4018 COHO LN 539000 3 2 2,489 DETACHD 1 to 4
34 HILLSHIRE DR 598000 3 2.1 3,822 DETACHD 12 to 2
15837 ALLISON PL 599000 4 2.1 3,534 DETACHD 1 to 4
3300 SOUTHSHORE BLVD 625000 1 1.1 1,062 DETACHD 2 to 4
18143 SIENA DR 1197000 5 4.1 4,152 DETACHD 1 to 3
624 ATWATER RD 1270000 5 3.1 4,858 DETACHD 1 to 3
18246 BELLA TERRA DR 1294000 4 3.1 4,052 DETACHD 1 tp 3
17464 RIDGEVIEW LN 1298950 4 3.1 4,407 DETACHD 2 tp 4
622 OAK MEADOW DR 1325000 4 3.1 4,171 DETACHD 2 to 4
664 OAK MEADOW DR 1355000 4 3.1 4,198 DETACHD 2 to 4
18110 Siena DR 1394000 4 3.1 4,311 DETACHD 1 tp 3
657 OAK MEADOW DR. 1395000 4 3.1 4,371 DETACHD 2 to 4
17364 RIDGEVIEW CT 1425000 4 3.1 4,436 DETACHD 2 to 4
13961 KNAUS RD 2450000 4 4.2 6,614 DETACHD 2:30 to 4

Have a great weekend!

8K Tax Credit

The buzz in real estate right now is the $8000 tax credit for first-time homebuyers. While there is talk of the credit being extended, at this point that is an unknown. This puts pressure on anyone thinking that they may want to take advantage of it.  In order to benefit, you must close on your purchase by November 30th. Because putting a loan in place now takes about 45 days, and because there is a long holiday weekend for Thanksgiving, a buyer who is going to receive this credit needs to make an offer on a home in the next week or so.

This has got me reflecting on what sort of a home I would be interested in if I were in a position to take advantage of this opportunity. After going through the current inventory in Lake Oswego, here are 4 properties that I believe are great homes that would be ideal for a first-time buyer.

Kingsgate113 Kingsgate Rd Priced at $275,000, this house has 3 bedrooms, 2 full baths, and a 2-car attached garage.  It’s located on the South slope of Mountain Park, so it is really convenient to the Kruse Way corridor, I-5, and Hwy 217.  Oak Creek Elementary School is just down the street, and PCC Sylvania Campus is close by.  While the lot is smaller (about 4000 square feet) it is extremely private.  So you can have the easy care of a small yard, but the benefit of privacy.  That’s a tough combination to find.  Probably the most striking feature of the house (besides the master on the main, the hardwood floors, the wet bar, and the gas fireplace) is the 2-story vaulted ceiling.  Architecturally, this house is wonderful and unique.  This is not a cookie-cutter house.  When you walk in the door, you will say “Wow”.

kingsgate2

Goldendiningroom4447 Golden Lane Priced at $229,000, this is an end-unit condo with 2 bedrooms, 2 full baths, and a 2-car, attached garage.  It has expansive South facing windows so that the interior is light and bright even on those short, winter days.  The kitchen has new granite counters and there are new laminate floors.  Like the property above, this home is on the South slope of Mountain Park.  Living in this location, you benefit from the Mountain Park recreational facilities.  There are 15 miles of walking trails, tennis courts, a swimming pool and a weight room.  Living in a condominium means that you don’t have to take care of a yard or worry about maintenance of the exterior.  It’s ideal for someone with a busy job or who likes to travel a lot.

Tree Rd15139 Tree Rd Priced at $298,900, this house has 3 bedrooms , 2 full baths, and a 2-car garage.  It’s in a great location at the end of a dead-end street.  There are hardwood floors throughout.  It has a formal living room, but what I like is the openness of the greatroom for the kitchen, dining room, and family room.  There is a masonry fireplace made with used bricks that is warm and inviting.  I like to point out to anyone buying a one level home that the demand for these homes will only increase.  As the population ages, the need for homes that appeal to older people is going to get bigger.  So I do believe that one-level homes make great investments.

Tree Rd 2

18690 Don Lee Way Priced at $299,000, this house has 3 bedrooms, 2 baths, and a 2-car garage.  It’s on a lot that is nearly a quarter of an acre and just spectacular.  It’s in great condition with a new roof, new siding and windows, and a new furnace.  There are hardwood floors in dining room and the living room, and there are tile floors in the kitchen and in the entry.  The kitchen and both bathrooms have been updated.  The fireplace has a very classy looking slate surround and built-ins on both sides.

Don Lee WayI think what is striking about all of these houses is what good condition they are all in.  Under $300,000 in Lake Oswego is the lower end of the pricing spectrum.  You would normally think that this would also mean that you have to compromise by buying a house that perhaps needs some updating or some work to improve it.  That is not the case here.  You can buy not only an affordable home, but a home in great condition.  Add to that the fact that you can then get an $8000 tax credit from the Federal government and you are talking a perfect storm of opportunity.

I hope you have enjoyed learning about these properties.  If you would like more information, or if you’d like to make an appointment to view any of these properties, please contact Linda or myself and we would be happy to be of help to you.

Dianne