Tag: 3 bedrooms in First Addition

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Market Activity May 27 to June 2, 2013

Last week in Lake Oswego there were 26 new listings, 23 houses that went pending with accepted offers, and 24 closed sales. Here is the breakdown of activity according to RMLS:

NEW SALES (May 27-June 2, 2013):

Address Type Price BR Bths SF
360 Cervantes Cir 14-F Condo $114,500 2 1 832
44 Eagle Crest Dr #3 Condo $139,900 3 2 1085
159 Oswego Summit Condo $179,000 2 2 1506
5432 Kenny St Detached $278,000 3 1 1352
4 Saint Helens Circle Detached $299,000 3 2 1617
8 Weatherstone Condo $309,000 3 2.5 1692
534 2nd St Condo $375,000 2 2.5 1394
5195 Firwood Rd Detached $395,000 3 3 1926
772 Lake Forest Dr Detached $399,500 2 1 888
3140 Royce Way Detached $429,900 3 2 1923
6236 Wayzata Ct Detached $444,500 5 2.5 2752
2 Abelard St Detached $449,900 3 3.5 2435
2395 Greentree Rd Detached $489,000 4 2.5 2832
828 5th St Detached $519,000 2 2 1248
4663 Black Forest Ct Detached $525,000 4 2.5 2168
12991 Sierra Ct Detached $569,900 3 2.5 2544
14 Del Prado St Detached $624,900 5 3.5 4094
2401 Glen Haven Rd Detached $625,000 5 3 2924
785 9th St Detached $649,000 3 2.5 2477
2896 Tolkien Ln Detached $749,000 5 3.5 5180
5507 Bay Creek Dr Detached $799,900 5 3.6 3900
645 Country Club Rd Detached $825,000 4 2.5 3262
14100 Taylors Crest Ln Detached $850,000 4 2.5 4087
4150 Upper Dr Detached $895,000 3 3 3294
1600 View Lake Ct Detached $1,295,000 2 2.5 3335
13310 Atwater Ln Detached $1,450,000 5 4 4648

PENDING SALES (May 27-June 2, 2013)

Address Type Price BR Baths SF DOM
45 Eagle Crest Dr #305 Condo $124,700 2 1.5 1056 71
47 Eagle Crest Dr #60 Condo $139,900 3 2 1026 14
4043 Jefferson Parkway Condo $159,000 2 2.5 1182 31
4417 Thunder Vista Ln Condo $179,000 2 2.5 1455 94
5225 SW Jean Rd #108 Condo $179,000 3 2 1500 16
16006 Kimball St Res-mfg $225,000 2 1 1800 215
15471 Brianne Ct Attached $225,000 2 2.5 1204 6
1706 Boca Ratan Dr Attached $285,000 3 2.5 1739 2
1685 Mapleleaf Rd Detached $324,950 3 2 1426 39
14550 Doris Ave Detached $339,900 3 1.5 1474 1053
6024 Fernbrook Circle Detached $339,900 3 2 1470 97
5745 Windfield Loop Detached $369,900 3 2.5 1885 22
2510 Park Rd Detached $409,000 3 2.5 1960 20
730 Briercliff Ln Detached $465,000 5 3 3275 6
47 Hillshire Dr Detached $519,000 3 2.5 2963 5
3540 Upper Dr Detached $524,900 4 2.5 2716 14
4078 Melissa Dr Detached $535,000 4 2.5 2691 3
10 Scarborough Dr Detached $540,000 4 3 3537 17
14146 Edenberry Dr Detached $675,000 4 2.5 3100 35
3201 Fir Ridge Rd Detached $699,900 4 3 2571 54
17920 Sarah Hill Ln Detached $789,900 4 3 2459 9
2060 Indian Trail Detached $850,000 3 2.5 2377 160
17739 Cardinal Dr Detached $1,095,000 5 3.5 3642 1

SOLD (May 27-June 2, 2013)

Address Type List Price Closed Price Sq Ft CDOM
4075 Jefferson Parkway #18 Condo $172,500 $169,500 1182 4
92 Wheatherstone Condo $250,000 $240,000 2436 25
5910 Shakespeare St Detached $370,000 $350,000 1663 253
536 2nd St Condo $379,000 $369,000 1,394 13
1941 Park Forest Ct Detached $400,000 $400,000 2800 291
16168 Lake Forest Blvd Detached $400,000 $415,000 2276 34
4572 Upper Dr Detached $492,488 $426,000 1454 12
17433 Schalit Way Detached $436,000 $443,000 2350 2
731 Sunny Hill Dr Detached $439,698 $446,000 2396 16
4995 Oakridge Rd Detached $450,000 $470,000 2232 5
7 Westminster Dr Detached $499,950 $494,000 2974 7
6132 Summer Woods Detached $515,000 $510,000 2811 3
2360 Greentree Rd Detached $559,000 $535,000 2271 7
5711 Victoria Ct Detached $610,000 $540,000 2768 61
135 Middlecrest Rd Detached $699,900 $560,000 2882 302
1131 Devon Ln Detached $599,900 $592,000 3,179 230
1921 Glenmorrie Ln Detached $624,000 $600,000 2375 116
1579 Bay View Ln Detached $659,698 $625,000 4685 133
5570 Kilchurn Ave Detached $649,000 $645,000 2931 5
5218 Westfield Ct Detached $665,900 $645,000 3107 22
130 Laurel St Detached $699,000 $704,000 2150 0
14393 Amberwood Circle Detached $820,000 $789,000 3692 23
511 6th St Detached $998,000 $965,000 4052 151
752 Lake Shore Rd Detached $1,379,000 $1,310,000 3389 11

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

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Featured Property

Marjorie 021Marjorie 004Marjorie 002Marjorie 015I’d like to introduce you to my new listing in Lake Oswego at 17380 Marjorie Ave. Located in the heart of Palisades, this house enjoys a fantastic, very large lot. The big, grassy backyard is perfect for play and active living. The house was built in 1960, but has had quite a lot of recent updating. Recent improvements include: roof, gutters, electric panel, furnace, windows, exterior paint, and carpet. There are 4 bedrooms and 2 full baths. While the master does not have a bath attached, the bath that is closest to the master has a jetted tub. Both baths have been updated, as has the kitchen with newer cabinets and a gas range.

Priced at $359,000, it is easily the best value currently available in Palisades. To get further information or to make an appointment to see the interior, this weekend please call Linda Rossi at 501-318-2116.

Dianne

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Market Activity May 13-19, 2013

Last week there were 24 New properties going on the market in Lake Oswego, 19 that went to Pending status, and 17 that Sold/Closed.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (May 13-19, 2013):
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Address Type Price BR Bths SF
4000 Carman Dr #23 Condo $109,000 2 2 866
47 Eagle Crest Dr #60 Condo $139,900 3 2 1026
5225 Jean Rd #108 Condo $179,000 3 2 1500
4302 Botticelli St #2 Condo $243,900 3 3.5 2298
5062 Foothills Dr A Condo $269,000 1 1.5 1252
79 Kingsgate Rd Detached $369,000 3 2.5 1938
5915 Burma Rd Detached $379,900 5 3 3891
1129 Cherry Ln Detached $379,900 4 2.5 2421
1716 Hallinan St Detached $449,900 3 3 1916
343 3rd St Attached $469,500 3 3.5 1959
16933 Greentree Ave Detached $498,900 3 2.5 2276
12 Monticello Dr Detached $499,000 4 2.5 3658
3540 Upper Dr Detached $524,900 4 2.5 2716
10 Scarborough Dr Detached $560,000 4 3 3537
20 Cellini Ct Detached $594,000 4 3 2876
15837 Allison Pl Detached $599,900 4 2.5 3534
2440 Overlook Dr Detached $625,000 4 3 3876
5052 Woodcrest Ln Lot 12 Detached $669,900 4 3.5 3340
17303 Grandview Ct Detached $699,000 4 3.5 3661
2183 Hillside Ct Detached $849,000 4 3.5 4473
215 Chandler Pl Detached $875,000 4 2.5 3118
769 2nd St Detached $899,000 4 3.5 2862
12800 Goodall Rd Detached $4,850,000 4 4 3780
1865 Palisades Terrace Dr Detached $7,900,000 5 5.5+.5+.5 8800

PENDING SALES (May 13-19, 2013)

Address Type Price BR Baths SF DOM
4043 Jefferson Parkway Condo $159,000 2 2.5 1182 16
10 Oriole Ln Detached $234,900 2 2 1654 85
88 Kingsgate Rd Detached $299,500 3 2.5 1675 8
3550 Lake Grove Ave Detached $319,900 3 2 1577 423
18410 Indian Creek Dr Detached $324,000 4 2 1739 6
1615 Hallinan St Detached $349,900 4 2 1500 4
1745 Mapleleaf Rd Detached $389,900 3 2 1518 3
598 Milburn Ct Detached $399,900 4 2.5 3036 6
31 Nova Ct Detached $423,000 4 2.5 2106 10
15939 Twin Fir Rd Detached $475,000 3 2 2480 483
1701 Highland Dr Detached $479,000 4 3 3126 66
18207 Westminster Dr Detached $489,000 4 2.5 2258 9
5880 Meadowcreek Ct Detached $625,000 3 2.5 2905 5
980 B Ave Detached $679,900 3 2.5 2999 90
1667 Village Park Ln Detached $849,000 5 3.5 5027 74
14530 Uplands Dr Detached $929,000 4 3.5 3998 228
760 7th St Detached $969,000 4 4.5 4536 33
310 Iron Mountain Blvd Detached $987,000 4 2.5+.5 3503 539
17282 Lake Haven Dr Detached $1,050,000 4 2.5 3664 41

SOLD (May 13-19, 2013)

Address Type List Price Closed Price Sq Ft CDOM
3433 McNary Pkwy #106 Condo $124,900 $114,900 1008 30
4 Touchstone #152 Condo $140,000 $135,000 1351 35
63 Greenridge Ct Attached $270,000 $270,000 1788 1
1505 Eastview Ct Detached $499,900 $325,000 2,887 513
4264 Westbay Rd Detached $369,000 $380,000 1308 12
4471 Chapman Way Detached $395,000 $395,000 1989 1
15495 Tanager Dr Detached $450,000 $405,000 2255 140
1429 Greentree Circle Detached $472,900 $445,000 2599 298
4986 Mulholland Dr Detached $469,900 $465,000 2503 3
7 Hillshire Dr Detached $499,500 $499,500 2978 3
5624 Southwood Dr Detached $575,000 $535,000 3120 6
1267 Cherry Ln Detached $615,000 $615,000 3311 0
5148 Woodcrest Ln Detached $665,000 $655,000 3110 8
868 7th St Detached $729,000 $686,000 2690 26
1670 Village Park Ln Detached $779,000 $715,000 3466 44
17625 Woodhurst Pl Detached $949,000 $920,000 4197 206
13068 Knaus Rd Detached $1,699,000 $1,265,000 6512 267

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

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Remodeling for Resale

RMS_Uptown-Foursquare_kitchen-remodel-backsplash-after_s3x4_lgIt’s spring and we are heading into the season when home owners are taking on home projects. This is a great time of year to clean up the yard, touch up the paint, and perhaps consider doing some remodeling. I thought I’d share some of my thoughts so that not only will your remodeling bring you additional pleasure as you live in your home, but it may also help you when it comes time to sell.

Best bang for the buck
Without question the best return on the investment in remodeling is the front door. Time and again when the National Association of Realtors puts out their annual rate of return on investment, the front door holds the top position. In fact, it is the only area of the home where you can gain more than the cost of the remodel.

Consider a new door if the door you currently have is beat up or out of character to the house. If it’s a nice door that needs new life, consider paint and new hardware. Also, pay attention to the weather stripping and the threshold. Clean it, paint it, repair it.

As a real estate agent, I know the front door makes the first impression. As I take the time to open the lockbox and unlock the door, my client is looking about and deciding what they think. If they like what they see, they enter the house looking to re-enforce that good impression. If they don’t like what they see, they enter the house ready to criticize.

Kitchen and Baths are the King and the Queen
Buyers today want large, functional kitchens and baths, particularly master baths, that meet contemporary needs. Especially when you get up into higher-end homes, buyers have expectations that the kitchen will have plenty of cabinets, lots of counter tops, and perhaps a pantry. The master bath should have a walk-in shower, a bathtub, double sinks, and perhaps a separate water closet for the toilet.

When showing property in the $600,000+ range, if it does not have the sort of kitchen and baths that I am describing, the house just is not going to sell at top value. Buyers are going to look at the cost to purchase and then calculate the cost to remodel. They will base their offer on that total sum. There is an exception to this broad opinion. Houses with unique features such as waterfront, views, or lush lots are exempt from this. However, it is my opinion that for your standard house on your standard lot, there is a $100,000 difference in value when a house has been properly updated.

Keep the remodeling in character to the house
While it is tempting to gut the house and put in 2013 everything, it may just shoot you in the foot. What is in fashion today will be out of fashion tomorrow. If you intend to sell soon, this year or next, you are probably OK going with 2013 everything because it is shiney and new and popular today. But if you are doing remodeling and not intending to sell immediately, please consult a designer and get advice on sticking with classic elements that will not be be based on fads.

There is nothing worse than a 1940’s house with a 1980s update. There is a fine line between remodeling and destroying. If your house has classic elements such as built-ins, moldings, brick, flagstones and fine touches from it’s original construction, those elements will retain value over time. Perhaps those elements can be salvaged and re-used? Be creative. Get good professional advice from designers and architects.

Most bang for the buck #2
Paint and clean, there is nothing cheaper that goes so far. Declutter, sort out closets, have a garage sale or donate that clutter to a good charity. You will find enjoyment in living in your house when it is fresh and clean, and you will have taken a big step towards having it re-sale ready.

This particular post is based upon my personal experience and opinion. I hope you find it helpful. I hope you can get yourself going and enjoy the rewards of taking good care of your home.
Dianne

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Open Houses 4/7/12

There are 22 houses being held open in Lake Oswego this Sunday. Enjoy!

Address Type Price Bedroom Bath Open
4417 Thunder Vista Ln Attached $192,600 2 2 1 to 3
5056 Foothills Dr D Condo $259,000 2 2 1 to 4
15205 Boones Way Attached $309,900 3 2 3 to 5
14550 Doris Ave Detached $349,900 3 1.5 1 to 3
18357 Heather Ann Ct Detached $409,000 3 2 1 to 3
17433 Schalit Way Detached $436,000 4 2.5 1 to 3
2234 Fernwood Circle Detached $499,900 4 3 1 ro 4
4007 Bass Ln Detached $517,900 4 3 1 to 3
12723 Adrian Ct Detached $569,950 4 3 2 to 4
4121 Hedge Nettle Ct Detached $579,000 3 2.5 1 to 4
1921 Glenmorrie Ln Detached $624,000 3 3 2 to 4
3601 Red Cedar Way Detached $650,000 3 2.5 1 to 4
18460 Ray Ridge Dr Detached $650,000 3 2.5 1 to 3
17393 Grandview Ct Detached $659,900 4 3.5 1 to 3
5501 Rachel Ln Detached $699,000 4 2.5+.5 12 to 3
868 7th St Detached $699,750 4 3 1 ro 3
18383 Old River Dr Detached $850,000 4 4.5 1 ro 3
16805 Scott Ct Detached $892.00 4 3.5 2 to 4
1667 Village Park Ln Detached $899,000 5 3.5 1 to 3
12700 Fielding Rd Detached $1,175,000 3 3 1 to 3
112 Northshore Circle Detached $1,625,000 3 3.5 11 to 4
448 Country Club Rd Detached $1,695,000 4 3.5 2 to 4
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Open Houses for 2/10/13

Lots and lots of houses to see this weekend. There are 25 on the open house tour this Sunday. Enjoy.

Address Type Price Bedroom Bath Open
1830 SW cloverleaf Rd Detached $348,000 5 2-Jan 1 to 3
15495 Tanager Dr Detached $399,900 4 2.5 1 to 3
13005 Princeton Ct Detached $413,000 3 2.5 1 to 4
2215 Fernwood Circle Detached $414,500 4 3 1 to 3
17417 Warren Ct Detached $449,900 4 2.5 1 to 4
4890 Sage Hen Circle Detached $499,900 4 2.5 1 to 3
17802 Treetop Ln Detached $529,000 4 3.5 1 to 3
15950 Parker Rd Detached $562,500 4 2.5 1 to 3
12926 Rogers Rd Detached $565,000 4 3 1 to 3
15655 Fieldstone Dr Detached $589,500 4 2.5 1 to 3
13059 Amber Pl Detached $589,800 5 3 1 to 3
12424 Orchard Hill Rd Detached $589,950 3 3 1 to 4
5533 Fieldstone Ct Detached $599,500 4 2.5 1 to 3
1015 Southshore Blvd Detached $638,500 4 3 2 to 4
720 Maple St Detached $649,000 3 2.5 1 to 3
1579 Bay View Ln Detached $649,000 4 3 1 to 3
4102 Chad Dr Detached $672,000 4 2.5 1 to 3
17363 Grandview Ct Detached $695,000 4 3.5+.5 12 to 3
5501 Rachel Ln Detached $749,748 4 2.5+.5 1 to 3
1255 Andrews Rd Detached $785,000 6 4 1 to 3
280 E Ave Detached $799,000 4 2.5 11 to 2
15150 Glen Eagles Ct Detached $799,900 3 2.5+.5 2 to 4
831 Northshore Rd Detached $800,000 3 2.5 1 to 4
329 10 St Detached $939,990 4 2.5 1 to 3
112 Northshore Circle Detached $1,650,000 3 3.5 11 to 4
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Looking Ahead at 2013

Every winter the various title companies bring in economists to forecast what the coming year is going to look like, and every year I make it a point to attend at least one of these presentations. I gotta tell you, for the last 5 years, it’s been painful. Doom and gloom and hang onto your coat tails cause it’s gonna be a wild ride. What a breath of fresh air it was two weeks ago to go to the economic outlook program put on by WFG National Title.

 

The guest speaker was Patrick Stone, the President and CEO of Williston Financial Group. I am not going to quote Mr. Stone directly as my note taking was not done verbatim. I am going to instead share with you the general idea of what I took away.

First, after the recession, as a country and as individuals, we are well positioned for economic growth. This is because the recession allowed us to restructure out debt to get rid of it and to refinance it at a lower cost. This has created more liquid assets for both consumption and savings.

Second, as a state, Oregon is uniquely positioned to do even better than the national average.

GDP for the state of Oregon was second only to North Dakota, growing at 4.7%. This was attributed to Oregon’s manufacturing sector which is quite a bit stronger than the National average.

The prediction was made that we should see continued economic growth this year and into the next few years. Bear in mind that this could change if something horrible happens such as a terrorist attack or a huge natural disaster.

Mr. Stone went so far as to suggest that our housing recovery will likely recoup the house values lost to the recession by 2016. That would mean a 20% growth in house values in the next 3 years. Personally, I feel that momentum is happening. Will it sustain? I hope so.

Mr. Stone also talked about a future housing shortage. This would happen because of our strict land use laws that make the development of new land for new construction a slow process. To have lots for new homes in 2015, that land needs to be in the development process now. And not much bare land is currently in that process. Builders suffered in the recession and just have not been positioned to have the resources to invest in land development. That is changing. New housing starts are on the rise and the builders are beginning to prosper.

The long and short of it is that with a low supply of land and a growing economy, there will likely be a housing shortage in the future. Economics 101 is about supply and demand. Low supply combined with high demand is what causes prices to go up.

No, I don’t have a crystal ball. Yes, I may be entirely wrong. But based upon what I heard at this year’s economic forecast session, 2013 should be a good year for the real estate market and that positive growth is likely to continue into the years ahead.

I sure hope so. We all deserve some good news.
Dianne