It 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 ML# 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 cabinets 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.
Downstairs 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.
Overall, 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 magazine 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.
Come 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.
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.
Here 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.
There were 34 properties classified in RMLS as “New” on the market last week, but only 12 of them truly are, and are listed as such for you below. We had 14 properties go to “Pending” status, and 21 “Sold”!
Ah… the beauty of the Portland area in the Fall… just the time for a new start in a new home. Lake Oswego is so gorgeous once all the leaves begin to turn. With some rain last week, we are again back to sunshine and seasonably pleasant temperatures around 69/70. Nights are getting chilly though… and there is that beautiful smell in the air. So fresh. We’ll get pictures up here for you once the leaves turn. For now, enjoy your property search/sale adventures, & don’t forget to email or call Dianne or myself if you need a Realtor and are not currently working with one. We would love to meet you.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Sept. 28—Oct.5, 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
3433 MCNARY PKWY
$162,750
2
2.1
1,208
CONDO
10/2/2009
3826 BOTTICELLI ST
$210,000
2
2
1,055
ATTACHD
10/2/2009
18179 SW PILKINGTON RD
$299,900
3
2
1,300
DETACHD
10/2/2009
15430 PARTRIDGE DR
$379,000
3
2.1
2,207
DETACHD
10/3/2009
2245 GLEN HAVEN RD
$379,000
3
1.1
1,276
DETACHD
10/1/2009
980 C AVE
$399,500
3
2
1,312
DETACHD
9/30/2009
1457 BOCA RATAN DR
$445,000
3
2
1,568
DETACHD
9/28/2009
1430 CHERRY CREST DR
$525,000
4
3
3,302
DETACHD
10/2/2009
827 8TH ST
$898,000
5
3.1
3,852
DETACHD
9/29/2009
507 ASH ST
$988,000
3
3
3,000
DETACHD
9/28/2009
2479 PALISADES CREST DR
$1,495,000
4
3.1
6,640
DETACHD
9/28/2009
2201 HAZEL RD
$1,550,000
4
3.1
5,446
DETACHD
10/1/2009
PENDING SALES (Sept 28 -Oct. 5, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
7202 SW MONTAUK CIR
$99,000
2
1
968
CONDO
74
3433 MCNARY PKWY
$114,900
2
2.1
1,208
CONDO
142
4000 CARMAN DR
$125,900
1
1
767
CONDO
38
141 OSWEGO SMT
$169,900
2
2
1,140
CONDO
77
16573 BONAIRE AVE
$274,900
4
2
1,560
DETACHD
43
4662 CARMAN DR
$289,900
5
2
1,754
DETACHD
13
16250 Pacific Hwy (Hwy 43)
$319,850
2
2
1,200
CONDO
1200
5554 ROYAL OAKS DR
$399,885
3
2
1,861
DETACHD
2
2161 CREST DR
$407,500
4
2.1
2,648
DETACHD
139
1032 LAUREL ST
$424,000
4
2
2,384
DETACHD
86
14666 UPLANDS DR
$499,000
3
2.1
2,568
DETACHD
114
95 D AVE
$585,000
4
2
1,809
DETACHD
83
353 D AVE
$725,000
4
2
3,228
DETACHD
749
5250 DAWN AVE
$855,000
4
3.1
4,333
DETACHD
836
SOLD (Sept 28-Oct. 5, 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
45 EAGLE CREST DR
$139,900
$110,000
1
1
768
CONDO
125
3688 SPRING LN
$179,900
$164,500
2
2
1,120
CONDO
81
4 TOUCHSTONE
$179,500
$170,000
2
2
984
CONDO
19
5064 FOOTHILLS DR
$299,900
$262,000
2
2
1,308
CONDO
63
1432 LAUREL ST
$275,000
$265,000
2
1
920
DETACHD
85
17100 BRYANT RD
$278,900
$310,000
3
3
2,032
DETACHD
18
605 COUNTRY CLUB RD
$399,900
$317,500
4
2.1
3,422
DETACHD
163
13899 MAJESTIC CT
$439,000
$360,000
3
2
2,357
DETACHD
86
17760 SW CARDINAL CT
$404,900
$375,000
3
2.1
2,147
DETACHD
60
17221 ROBB PL
$427,500
$380,000
3
2
1,812
DETACHD
12
14431 ORCHARD SPRINGS RD
$439,900
$385,000
4
2.1
1,960
DETACHD
212
3560 TEMPEST DR
$449,900
$437,875
3
2.1
2,847
DETACHD
14
4722 HASTINGS PL
$489,900
$479,000
4
2.1
2,151
DETACHD
505
6110 CHILDS RD
$550,000
$482,000
4
3
3,258
DETACHD
138
14412 MEADOW GRASS ST
$500,000
$490,000
4
2.1
3,563
DETACHD
412
17473 REDFERN AVE
$719,950
$575,000
4
2.1
3,052
DETACHD
105
5421 Bay Creek DR
$649,500
$580,000
4
2.1
3,241
DETACHD
138
17386 BLUE HERON RD
$679,000
$650,000
4
3.1
4,063
DETACHD
796
18051 KELOK RD
$899,000
$799,000
5
3.1
3,670
DETACHD
401
17878 HILLSIDE DR
$895,000
$855,000
5
3
3,462
DETACHD
34
301 IRON MOUNTAIN BLVD
$1,150,000
$950,000
4
3.2
3,004
DETACHD
125
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.
It’s really interesting… tis the season for “freshening” listings I guess… There were 28 properties listed as New this last week & only 13 of them actually were. It bears noting that Dianne and I go through the properties and remove the ones that are not actually new listings so that our readers can really see what properties have just come on market. I personally make an exception for properties that have been off the market for 30 or more days… It seems to me as though if someone has taken their property off the market for that time, they have probably been working on the property & changing something about it, so I go ahead in those cases & list them as New again. I also noticed that many of the “freshened” listings (not in the table below) have changed Realtors. Although it is then technically a new listing, it is not a new property on the market for our readers’ purposes. It is worth noting that the property is what Buyers are looking for… not the Realtor, and if it is listed in the RMLS and the Realtor has been doing a good job of exposing it online, following up on showings etc., it is (in my opinion) a mistaken notion that switching Realtors is going to help sell the property. It is more likely that the things the Seller has control over, i.e. price and the appearance of the property, will make the difference. The listing that was on the market yesterday with one Realtor and back on today with another is pretty much the same property, and Buyers know that. Just a few musings for what they’re worth : )
Last week we saw, as mentioned, 13 New properties come on market. 16 went to Pending status, and 5 Sold.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Sept. 14—20, 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
12 CERVANTES CIR
$105,000
2
1.1
912
CONDO
9/15/2009
668 MCVEY AVE
$239,900
3
1.1
985
CONDO
9/17/2009
136 TOUCHSTONE TER
$350,000
3
2.1
1,996
DETACHD
9/17/2009
114 TOUCHSTONE TER
$389,000
3
2.1
2,080
ATTACHD
9/14/2009
15547 PARTRIDGE DR
$389,900
3
3
2,266
DETACHD
9/14/2009
16901 LAKERIDGE DR
$435,000
3
3
2,080
DETACHD
9/17/2009
5717 BONITA RD
$439,000
5
2
2,572
DETACHD
9/18/2009
4311 ORCHARD WAY
$564,900
4
2.1
3,082
DETACHD
9/14/2009
19101 INDIAN CREEK AVE
$619,500
2
2.1
2,794
DETACHD
9/15/2009
1809 HEADLEE LN
$1,125,000
2
2.1
3,836
DETACHD
9/14/2009
753 LAKESHORE RD
$1,385,000
3
3.1
2,562
DETACHD
9/16/2009
13 NANSEN SMT
$1,500,000
4
4.1
4,625
DETACHD
9/19/2009
17281 KELOK RD
$1,550,000
4
3
2,682
DETACHD
9/18/2009
PENDING SALES (Sept 14 -20, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
10 CONDOLEA DR
$240,000
2
2
1,312
ATTACHD
398
19138 PILKINGTON deep flag RD
254500 – 259000
3
1.1
1,099
DETACHD
133
5 PEACOCK PL
$299,950
4
2.1
1,760
DETACHD
169
16964 SW GASSNER LN
$335,000
3
3
2,208
DETACHD
100
5037 CENTERWOOD ST
$349,000
3
1.1
1,340
DETACHD
98
19 TOUCHSTONE
$399,000
4
3
2,789
DETACHD
107
31 DA VINCI ST
$399,900
4
2.1
2,232
DETACHD
34
41 HILLSHIRE DR
$427,000
4
3
2,670
DETACHD
437
3 CELLINI CT
$429,000
4
2.1
2,531
DETACHD
240
1660 CAMPUS WAY
$475,000
4
3
2,042
DETACHD
4
2330 DELLWOOD DR
$495,000
5
3.1
3,468
DETACHD
4
4691 CHELSEA LN
$564,900
4
2.1
3,102
DETACHD
585
559 2ND ST
$600,000
2
2
1,529
CONDO
7 CELLINI CT
$659,000
5
3.1
3,560
DETACHD
10
570 7TH ST
$665,000
3
2.1
2,528
DETACHD
265
2600 DELLWOOD DR
$699,900
4
3
3,690
DETACHD
486
SOLD (Sept 14-20, 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
5318 RED LEAF ST
$309,950
$319,950
3
2
1,460
DETACHD
27
799 COUNTRY CLUB RD
$700,000
$500,000
6
2.1
4,410
DETACHD
784
4387 LORDS LN
$875,000
$650,000
3
2.1
3,040
DETACHD
544
1933 SUMMIT DR
$1,675,000
$1,550,000
5
4.1
4,925
DETACHD
26
4313 WESTBAY RD
$2,775,000
$2,100,000
4
3.1
4,000
DETACHD
193
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.
Well, the school year has officially started, and we’re all back from our Labor Day festivities. From the look of things, real estate is still moving right along with 21 Pending sales this past week in Lake Oswego. We had 12 New properties come on market, and just 5 get to Sold status.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (August 31—Sept. 6, 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
370 CERVANTES CIR
$130,000
2
1
832
CONDO
8/31/2009
5051 FOOTHILLS DR
$210,000
2
2
991
CONDO
8/31/2009
29 ORIOLE LN
$299,990
3
2.1
1,644
DETACHD
9/4/2009
15139 Tree RD
$315,000
3
2
1,328
DETACHD
8/31/2009
15112 QUARRY RD
$325,000
4
2
1,968
DETACHD
9/4/2009
1625 CLOVERLEAF RD
$364,900
3
2
1,996
DETACHD
9/3/2009
4774 OAKRIDGE RD
$374,000
3
1
2,104
DETACHD
9/2/2009
5460 BAY CREEK DR
$429,900
3
2.1
2,358
DETACHD
9/1/2009
19026 INDIAN SPRINGS RD
435000
5
3
2,971
DETACHD
8/31/2009
1025 C AVE
499500
3
2
2,261
DETACHD
9/2/2009
18842 BRYANT RD
850000
4
2.2
3,528
DETACHD
9/2/2009
1633 MAPLE ST
894950
3
3
3,405
DETACHD
9/4/2009
PENDING SALES (August 31 -Sept 6, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
7202 SW MONTAUK CIR
$109,900
2
1
968
CONDO
43
15938 QUARRY RD
$129,900
2
1
991
CONDO
62
45 CRESTFIELD CT
$138,900
2
1
923
CONDO
63
15868 PARKER RD
$169,900
2
1
780
DETACHD
168
4 TOUCHSTONE
$179,500
2
2
984
CONDO
19
668 MCVEY AVE
$179,850
2
1.1
976
CONDO
1022
1432 LAUREL ST
$269,500
2
1
920
DETACHD
85
3290 WEMBLEY PARK RD
$278,910
5
3
2,614
DETACHD
29
6310 CARMAN DR
349900
3
2.2
1,270
DETACHD
86
14141 GOODALL RD
359900
3
2.1
1,754
DETACHD
91
2851 PARK RD
399000
4
2.1
2,674
DETACHD
137
126 CONDOLEA DR
449000
3
3
2,664
CONDO
680
13342 AUBURN CT
475000
3
2.1
2,389
ATTACHD
75
1921 GLENMORRIE LN
499000
3
3
2,395
DETACHD
49
2925 ORCHARD HILL PL
499900
3
2.1
2,418
DETACHD
148
13176 SANDALWOOD CT
589000
4
2.1
2,982
DETACHD
306
5421 Bay Creek DR
599000
4
2.1
3,241
DETACHD
138
799 COUNTRY CLUB RD
600000
6
2.1
4,410
DETACHD
784
17878 HILLSIDE DR
895000
5
3
3,462
DETACHD
34
17211 KELOK RD
1399000
3
3.1
5,384
DETACHD
91
16737 MAPLE CIR
1400000
3
3
1,683
DETACHD
144
SOLD (August 31-Sept. 6, 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
1889 BOCA RATAN DR
$229,900
$230,000
3
2
1,393
ATTACHD
7
3355 UPPER DR
$470,000
$440,000
4
2
3,205
DETACHD
23
181 3RD ST
$739,000
$635,000
2
2
1,523
CONDO
196
22 INDEPENDENCE AVE
$724,000
$675,500
7
4.1
4,066
DETACHD
26
511 6TH ST
$988,000
$825,000
5
3.1
4,000
DETACHD
146
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.
Once upon a time there was a transaction wherein the Realtor representing the Buyer noticed some abnormalities in the Seller’s answers to questions on the Disclosures. FYI, when you are selling a home, the best and only rule is “Disclose, disclose, disclose!”. In this situation, the Seller, who had lived in the house for some time, seemed to have excellent knowledge of some things and no knowledge at all of things such as whether the roof had leaked while he/she lived there, whether there were any drainage problems on the property, and whether the main systems of the house were in good working order. A quick call to the Seller’s agent resulted in answers forthcoming that the Seller had not experienced any leaking from the roof, nor noticed any drainage problems, and that the systems were all working just fine. I think Seller’s get nervous when filling out these disclosures as they can seem like being asked to air your dirty laundry. Disclosures, however, are really important to the Seller and the Buyer alike. Basically, you just want to look at each question and answer to the best of your ability and knowledge. Sometimes an “N/A” is in order. Sometimes a “Yes” or a “No” is really called for, and sometimes an “Unknown” is absolutely fine. If you are a Seller and fail to disclose something about the property, and it becomes apparent after closing, you could possibly be liable for misrepresenting on your Disclosures… even if it was just a slip of the pen or a spat of bad memory. It’s much better to just let it all hang out, and your Buyers will appreciate your obvious candor. A Buyer feels much more comfortable seeing a few dings on the disclosures than they do wondering at odd answers or obvious misstatements… such as that all work was done with permits when the naked eye can tell that some was not. Again, sometimes you have to take a moment to remember… especially if you’ve lived in a home for a long time. So anyhoo, better just to lay it all out there. Calms everyone right down, protects you as the Seller & sets the tone for a good transaction.
Oil Tanks & the DEQ
Speaking of instructional situations… Make sure that when you are purchasing or selling a home whose heating system has been updated at some point, you check to find out if there was ever an underground oil tank on the property. Dianne and I have written posts on this in the past and you can find them in the archives here, but it is very important to find out 1) If one was/is on the property, 2) If so, was it decommissioned?, and 3) If it was decommissioned, was a DEQ Certificate obtained? (You can call DEQ, give them your address, and find out pretty quickly.) This last question is the kicker, and I find that people are confused about it. If you are a Seller and bought your home with the understanding that it had an oil tank that was decommissioned, but you did not find out if there was a DEQ Certificate and there is NOT one… You will most certainly be required to provide one before closing (Your Buyer does not want to inherit this situation for themselves for when they sell in the future). This involves calling a DEQ-licensed Environmental Services provider. The process includes locating the underground tank, taking soil samples, checking the decommission job if one was done, and verifying that it was done to DEQ standards. If all this checks out, you can get yourself a DEQ Certificate to pass on to your Buyer. So… better to check this out before putting your property on the market rather than getting surprised during a transaction. And Buyers… remember to ask your Realtor about this for more clarification.
Feel free to call Dianne or myself any time for more information on any of the tidbits we provide. We love to help our Property Blotter readers and clients! Hope this was helpful to you today.
Last week Lake Oswego saw 12 New properties hit the market, while 10 went Pending and 15 Sold.
All over we are seeing the typical house-buying frenzy that usually occurs before the start of a new school year. Notably, we are also seeing an uptick in sales over last year as pointed out in the lastest RMLS Market Action Report (see my report from last Wednesday). Feel free to give Dianne or myself a call if you’re out there a part of it, and need some help.
Gotta go! Dianne and I are touring LO Houses today. Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (August 17—August 23, 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
12 POLONIUS ST
$262,300
4
2.1
3,066
DETACHD
8/20/2009
16573 BONAIRE AVE
$284,900
4
2
1,560
DETACHD
8/20/2009
113 KINGSGATE RD
$309,000
3
2
1,538
DETACHD
8/21/2009
5077 W SUNSET DR
$349,900
2
2.1
1,720
ATTACHD
8/23/2009
4505 WILDWOOD ST
$369,900
3
2
1,720
DETACHD
8/17/2009
18238 TERRY AVE
$415,000
3
2.1
1,604
DETACHD
8/23/2009
31 BECKET ST
$429,800
3
2.1
2,365
DETACHD
8/21/2009
3560 TEMPEST DR
$449,900
3
2.1
2,847
DETACHD
8/21/2009
1820 KILKENNY DR
$588,000
4
3
3,040
DETACHD
8/23/2009
18125 WESTMINSTER DR
$759,000
4
3.1
3,969
DETACHD
8/18/2009
4190 CHAD DR
$929,000
4
3.1
3,876
DETACHD
8/19/2009
18143 SIENA DR
$1,197,000
5
4.1
4,152
DETACHD
8/17/2009
PENDING SALES (August 17 -August 23, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
CDOM
188 OSWEGO SMT
$187,500
2
2
1,383
CONDO
7/23/2009
62
4749 FIRWOOD RD
$229,900
3
1.1
1,440
DETACHD
8/4/2009
13
6137 CHILDS RD
$240,000
3
1
946
DETACHD
8/7/2009
10
10 CONDOLEA DR
$250,000
2
2
1,312
ATTACHD
6/25/2009
371
17100 BRYANT RD
$287,900
3
3
2,032
DETACHD
7/31/2009
18
4722 HASTINGS PL
$489,900
4
2.1
2,151
DETACHD
8/14/2009
505
6110 CHILDS RD
$499,000
4
3
3,258
DETACHD
4/1/2009
138
301 IRON MOUNTAIN BLVD
$999,000
4
3.2
3,004
DETACHD
4/14/2009
125
100 GARIBALDI ST
$999,900
5
3.2
4,669
DETACHD
7/1/2009
334
128 NORTHSHORE CIR
$1,479,000
3
3.1
3,550
DETACHD
5/16/2009
764
SOLD (August 17-August 23, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Sale Price
# Beds
# Baths
Total SF
Prop Type
CDOM
4 TOUCHSTONE DR
$141,750
$133,500
3
2.1
1,351
CONDO
170
86 KINGSGATE RD
$149,900
$135,000
2
2
849
CONDO
64
4 TOUCHSTONE DR
$153,900
$155,900
3
2.1
1,350
CONDO
121
276 CERVANTES
$183,000
$174,000
3
2
1,209
CONDO
27
12822 BOONES FERRY RD
$234,900
$217,500
2
2.1
1,136
CONDO
25
1140 HALLINAN CT
$339,895
$329,950
3
2
1,875
DETACHD
127
11 CELLINI CT
$599,950
$565,000
5
3
3,392
DETACHD
76
5709 CHARLES CIR
$593,500
$587,500
4
2.1
3,060
DETACHD
9
706 MCVEY AVE
$949,000
$780,000
3
2
2,000
DETACHD
391
17251 CEDAR RD
$899,900
$850,000
3
3.1
3,175
DETACHD
637
17814 MARYLCREEK DR
$985,000
$850,000
4
3.1
4,307
DETACHD
56
950 OAK TER
$1,220,000
$947,500
4
2.1
3,714
DETACHD
595
2625 SUMMIT DR
$1,337,500
$1,079,975
4
3.1
4,212
DETACHD
72
17334 BERGIS FARM DR
$1,737,000
$1,200,000
5
4.1
5,654
DETACHD
335
2500 GLEN EAGLES RD
$2,275,000
$2,025,000
5
4.1
5,565
DETACHD
431
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.
According to the latest Market Action Report for the Portland area “Closed sales in the Portland metro area for July 2009 eclipsed last July’s total by 8.6%, marking the first time same-month closed sales have increased since April 2007. Pending sales also grew 8.3%. New listings dropped 25.4% . Comparing July 2009 with June 2009, closed sales increased 11.9% (1,988 v. 1,776) and pending sales were up a slight 0.3% (2,170 v. 2,164). New listings fell 8.2% (3,907 v. 4,257).”
RMLS now offers a “Short Sale” search field for Agents to search using this criteria. It seems as though Agents are slow to be updating their listings to reflect this, but once all records are updated, this should be a helpful tool.
Amtrak may soon be cruising through Lake Oswego if feasibility and other studies yield positive results. The opportunity has come about as a direct result of avaiable funds from the 2009 American Recovery and Reinvestment Act, which has earmarked $8 billion for high-speed rail. It appears that going this route would be less expensive than repairing the line AMTRAK is currently using, which takes it through Oregon City. The benefits also reportedly include projected increased ridership, increased timliness, and reduced carbon emissions. This change would replace the Oregon City stop with one in Tualatin. ODOT has decided to apply for the funds to do a 2-year Environmental Impact Study.
The NW Natural 2009 Street of Dreams is underway, running from August 1 – 30. This year is a little different than most in that it showcases four premier condo home developments in Portland’s “Pearl District”, including nine incredible penthouses ranging in price ffrom $1 to $2.5 million. This year also focuses on LEED standard and eco-friendly building. Check it out and buy your tickets at: http://www.streetofdreamspdx.com/home/home.php
Lake Oswego is in the middle of discussions with citizens regarding proposed “Sensitive Lands” changes. To learn more about sensitive lands & view an FAQ page on this subject, visit: http://www.ci.oswego.or.us/plan/Nature/FAQ_Handout_080609.pdf Opinions run the gamut and there is currently lively debate on all sides.
Last week Lake Oswego saw 15 New properties hit the market, while 12 went Pending and 9 Sold.
Of the 9 that sold, 7 were under $500,000. 7 of the 12 Pending sales were also priced under $500,000. While, of the 15 coming on the market fresh, 5 are priced under $500,000.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (August 3—August 9, 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
4749 FIRWOOD RD
$229,900
3
1.1
1,440
DETACHD
8/4/2009
6137 CHILDS RD
$240,000
3
1
946
DETACHD
8/7/2009
5424 WASHINGTON CT
$299,900
2
1
1,296
DETACHD
8/6/2009
3290 WEMBLEY PARK RD
$309,900
5
3
2,614
DETACHD
8/5/2009
8 BUCKINGHAM TER
$465,000
4
2.1
3,186
DETACHD
8/7/2009
676 9TH ST
$525,000
2
1
1,850
DETACHD
8/6/2009
644 7TH ST
$530,000
3
2.1
1,658
DETACHD
8/7/2009
1570 WOODLAND TER
$569,500
3
2.1
2,212
DETACHD
8/3/2009
17479 BROOKHURST DR
$699,000
4
2.1
3,551
DETACHD
8/6/2009
4380 UPPER DR
$784,900
4
4.1
4,071
DETACHD
8/5/2009
16705 GLENWOOD CT
$799,000
4
3
4,243
DETACHD
8/9/2009
5459 WESTFIELD CT
$875,000
5
3.1
3,670
DETACHD
8/3/2009
1920 GLENMORRIE DR
$995,000
3
3.1
4,284
DETACHD
8/7/2009
3136 DOUGLAS CIR
$1,125,000
4
3.1
4,022
DETACHD
8/5/2009
1101 Crestline CT
$3,995,000
4
4.3
7,226
DETACHD
8/7/2009
PENDING SALES (August 3-August 9, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
45 EAGLE CREST DR
$139,900
1
1
768
CONDO
78
23 MOUNTAIN CIR
$285,000
2
2
1,300
DETACHD
17
4090 WESTBAY RD
$299,900
2
1
917
DETACHD
34
17860 Sundown CT
$310,000
4
3.1
3,480
DETACHD
136
13024 ROGERS RD
$369,900
4
1
1,826
DETACHD
83
802 SUNNY HILL DR
$429,000
4
2.1
2,508
DETACHD
16
5807 RIDGETOP CT
$479,900
4
2.1
2,650
DETACHD
15
6 NORTHVIEW CT
$500,000
4
3.1
3,188
ATTACHD
115
745 4TH ST
$500,000
3
2
2,662
DETACHD
206
20 DA VINCI ST
$599,900
5
3
3,089
DETACHD
25
4305 UPPER DR
$749,000
4
2.1
3,474
DETACHD
78
16359 CHAPIN WAY
$1,289,000
4
3.1
4,158
DETACHD
404
SOLD (August 3-August 9, 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
82 GREENRIDGE CT
$249,900
$218,000
3
2.1
2,868
CONDO
79
2071 BONNIEBRAE DR
$295,000
$279,900
3
2
1,611
CONDO
392
15265 BOONES WAY
$349,900
$338,500
2
2.1
1,560
ATTACHD
46
108 RIDGEWAY RD
$499,000
$379,000
3
1
1,468
DETACHD
112
16919 LAKERIDGE DR
$425,000
$400,000
4
3
2,710
DETACHD
295
2802 GREENTREE RD
$449,500
$449,500
3
2.1
2,280
DETACHD
3
15195 LILY BAY CT
$524,900
$730,000
4
2.1
4,099
DETACHD
163
320 CHANDLER PL
$1,900,000
$1,800,000
5
3.1
4,675
DETACHD
38
2793 POPLAR WAY
$2,395,000
$1,825,000
5
5.1
6,300
DETACHD
1290
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.
It 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.
ML# 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.
cabinets 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.
Downstairs 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.
Overall, 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 
magazine 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.
Come 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.
Here are a few local events & opportunities currently offered Lake Oswego residents. Wish you were here? We do too! Enjoy:
According to the latest Market Action Report for the Portland area “Closed sales in the Portland metro area for July 2009 eclipsed last July’s total by 8.6%, marking the first time same-month closed sales have increased since April 2007. Pending sales also grew 8.3%. New listings dropped 25.4% . Comparing July 2009 with June 2009, closed sales increased 11.9% (1,988 v. 1,776) and pending sales were up a slight 0.3% (2,170 v. 2,164). New listings fell 8.2% (3,907 v. 4,257).”