It’s Tax Time

Funny how it manages to roll around, year after year. The cooler evenings and changing of the leaves also means property taxes are soon arriving in our mail boxes. The statements are usually mailed out mid October and are due to be paid, this year, on November 17th.

I always get questions from new home owners about what they receive in the mail. If you pay your taxes monthly into a reserve account that your lender manages, then your statement is simply that, a statement. It will be yellow in color. Your lender will also receive this statement. They will see to it that your taxes are paid from your reserve account. If you pay your own taxes, then your statement will be green. You can get a 3% discount if you pay them in full by November 17th. You can also break them up in thirds and pay 1/3 November 17, 2014, February 17, 2015, and May 15, 2015.

page-0Another confusing concept is the fact that the statement has two valuations. One is tax assessed value and one is market value. This exists because we have annual tax increase limitations that don’t follow the real market value, thus you receive two values. I am not too impressed by the real market value the county puts out, but it is interesting. As long as the tax assessed value remains lower than the market value, your taxes will increase each year, usually 3%.

If you think your assessed value is too high, you should consider contesting this valuation. If you have been a reader for sometime, you may recall I successfully contested my Mother’s tax assessed value about 2 years ago. Going through the process, her property taxes dropped about 30%. For the county website to get info on this, click here. Please also feel free to pick up the phone and call me (503-803-6298). I’d be happy to help you understand the process. The window of time to contest taxes is short. This year it is from October 20, 2014 to December 31, 2014. So if you are thinking of doing this, get started NOW.

As always, thanks for reading.
Dianne

Market Activity Sept 29-Oct 5, 2014

After a bit of a dip with the start of school, last week’s activity picked up again. We had 17 new listings, 19 pending sales, and 25 closed/sold properties. Those are strong numbers as we head into fall.

Following is the breakdown according to RMLS:

New on Market (Sept 29-Oct 5, 2014)

Address Type Price BR Bths SF
48 Eagle Crest Dr 2C Condo $150,000 3 2 1623
15220 Boones Way 1C Condo $173,500 2 2 1266
16442 Kimball St Detached $350,000 3 1 1200
1812 Fernwood Dr Detached $369,000 3 1.5 1401
5959 Dove Ct Detached $379,900 2 2 1552
5185 Carman Dr Detached $389,000 3 1.5 1848
1878 Mapleleaf Rd Detached $399,900 3 1.5 1347
4670 Lower Dr Detached $414,900 3 2.5 1587
17749 Leafy Ln Detached $624,900 4 3 3300
1890 Crest Dr Detached $769,000 3 2.5 2782
5055 Lakeview Blvd Detached $890,000 4 3.5 3498
18400 Delenka Ln Detached $929,555 5 3.5 5183
1471 Woodland Terr Detached $959,000 5 4.5 5362
17540 Ridgeview Ln Detached $1,255,000 4 3.5 4345
635 Iron Mountain Blvd Detached $1,599,000 6 3.5 4736
420 Ridgeway Rd Detached $2,299,000 4 4 3202

Pending Sales (Sept 29-Oct 5, 2014)

Address Type Price BR Baths SF DOM
45 Eagle Crest Dr #218 Condo $135,000 1 1 768 142
5530 Bonita Rd Detached $269,900 3 1.5 1200 32
8 Britten Ct Attached $274,900 2 2 1175 4
5665 Washington Ct Detached $324,000 3 2 1928 101
6262 Wayzatqa Ct Detached $328,950 3 1.5 1276 15
27 Oriole Ln Detached $425,500 4 2.5 1851 6
137 Kingsgate Rd Detached $446,000 3 2.5 2372 2
15480 Heritage Ct Detached $469,900 4 2.5 2432 2
17554 Blue Heron Way Detached $475,000 4 3 2000 0
1001 Bullock St Detached $475,000 3 2 2008 50
1110 Hallinan Circle Detached $479,000 4 3.5 3824 286
2425 Glen Haven Rd Detached $499,900 4 2.5 2231 3
5440 Bay Creek Dr Detached $529,900 3 2.5 2442 74
24 Morningview Circle Detached $535,000 4 3.5 2817 13
17941 Meadowlark Ln Detached $575,000 4 3.5 3905 24
16342 Ivy Ln Detached $669,900 5 3.5 4645 57
754 5th St Detached $755,000 3 3 2179 30
14144 Goodall Rd Detached $765,000 4 3 3499 298
2031 Lilli Ln Detached $779,995 3 3.5 3418 14

SOLD (Sept 29-Oct 5, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4000 Carman Dr #28 Condo $144,000 $142,000 884 25
5225 Jean Rd #605 Condo $199,900 $195,000 1400 32
5061 Foothills Dr G Condo $199,900 $198,500 991 7
1531 Cedar St Detached $264,900 $250,000 832 18
1018 Spruce St Detached $279,000 $272,425 906 2
432 5th ST #1 Condo $299,000 $275,000 1092 57
4271 Woodside Circle Attached $360,000 $340,000 2126 360
16 Polonius St Detached $434,900 $394,500 2588 147
13371 Peters Rd Detached $430,000 $397,600 2340 62
2944 Dellwood Dr Detached $425,000 $405,000 2152 73
529 2nd St Condo $450,000 $437,500 1339 75
32 Northview Ct Attached $475,000 $442,000 3063 117
2 Morningview Circle Detached $489,000 $450,000 2954 89
1023 Gans St Detached $495,000 $455,000 2770 3
1638 Pine St Detached $494,000 $479,000 3160 222
16901 Lakeridge Dr Detached $545,000 $486,500 2080 3
2195 Glenmorrie Ln Detached $535,000 $511,000 2461 104
4250 Haven St Detached $499,900 $525,000 1924 1
100 D Ave E Attached $539,000 $540,000 1847 7
1936 Palisades Lake Ct Detached $699,000 $640,000 3939 65
18020 Skyland Circle Detached $823,500 $775,000 3210 43
17643 Kelok Rd Detached $1,198,000 $932,500 2390 92
19363 Riverwood Ln Detached $719,000 $940,000 2984 783
744 9th St Detached $1,239,000 $1,142,058 4255 46
616 Cabana Ln Detached $2,895,000 $2,550,000 3800 39

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.

Market Activity Sept 15 – 21, 2014

It has been a busy week in Lake Oswego, many homes have come and gone. Here is an update for the new homes as well as those pending and those that have sold.
16 new listings
23 pending listings
26 sold

Following is the breakdown according to RMLS:

New on the Market (Sept 15-21, 2014)

Address Type Price Bedrooms Bathrooms Sqft
6928 Montauk Cir Condo 125,000 2 1 960
Botticelli St Condo 179900 2 2 1055
6262 Wayzata CT Detached 328950 3 1.5 1276
5281 Chinook CT Detached 359900 3 2 1471
47 Oriole Ln Detached 399500 3 2.5 1758
939 Devon Ln Detached 399900 3 2 2165
4242 Cobb Way Detached 449800 3 2 1589
4636 Auburn Ln Detached 499900 3 3.5 2732
24 Morningview Ct Detached 535000 4 3.5 2817
17680 Blue Heron Way Detached 649900 4 2.5 2363
2031 Lilli Ln Detached 779995 3 3.5 3418
4055 Orchard Dr Detached 785000 4 3.5 3350
12810 Alto Park Rd Detached 944000 5 3.5 4160
1495 Country Club Rd Detached 1250000 4 2.5 4028
17138 Cedar Rd Detached 1569000 3 3.5 3017
13286 Goodall Rd Detached 1750000 5 5.5 + .5 6819

Pending Sales (Sept 15-25, 2014)

Address Type Price Bedroom Bathrooms Sqft DOM
155 Oswego Smt Condo 199900 2 2 1506 241
2 The Grotto Detached 315000 2 2 1156 34
139 Del Prado St Detached 399000 4 2 2967 116
16 Polonius ST Detached 400000 3 2.5 2588 147
377 Livingood Ln Detached 400000 3 2.5 2409 3
5795 Langford Ln Detached 415000 2 2 1687 4
995 Southshore Blvd Detached 459900 5 2 2571 155
3718 Lake Grove Ave Detached 469900 4 3 2523 115
5222 Carman Dr Detached 474900 3 2 2543 173
5023 Hampton CT Detached 494900 3 2 2284 151
16901 Lakeridge Dr Detached 499000 4 3 2080 104
2802 Greentree Rd Detached 499500 3 2 2548 45
17336 Canyon Ct Detached 549000 4 3 3081 198
18910 Terry Ave Detached 597700 4 4.5 4290 73
4821 Dawn Ave Detached 599000 3 2 1854 5
3894 Tamarack Ln Detached 825000 4 3.5 4035 39
14128 Goodall Rd Detached 839000 4 2.5 2960 118
502 Northshore Rd Detached 849000 3 3 2834 7
16525 Maple Cir Detached 1395000 3 3.5 3443 287
1103 Lake Shore Rd Detached 1395000 4 3 3747 112
199 Eurnace St Detached 1950000 3 3.5 5772 63
2015 Strt of Dreams Lot 7 Detached 1950000 4 4.5 4000 0
17301 Canal Cir Detached 1999999 5 4.5 3843 89

Sold/Closed (Sept 15-21, 2014)

Address Type List Price Close Price Sqft DOM
1720 Bonniebrae Dr Attached 287500 287000 1611 66
4291 Woodside Cir Attached 325000 315000 2026 49
1795 Fernwood Dr Detached 339900 325000 1220 17
5010 Oakridge Rd Detached 317500 328000 1182 4
1310 Oak Ter Detached 379000 372000 900 17
15 Touchstone Detached 425000 425000 2276 34
18929 Longfellow Ave Detached 446000 446000 1800 7
17441 Cardinal Dr Detached 449500 457500 1836 2
18893 Indian Springs Cir Detached 549000 460000 2841 132
4575 Oakridge Rd Attached 460000 465000 1927 49
23 Touchstone Detached 525000 475000 3144 81
17187 Carlson Ct Detached 495000 485000 2082 10
5101 Dawn Ave Detached 510000 487500 2700 260
1282 Hide A Way Ln Detached 560000 515000 3300 65
4311 Orchard Way Detached 549900 520000 3010 227
1286 Larch St Detached 600000 525000 2410 97
4105 Wood Hill Ct Detached 699900 600000 3154 75
3333 Royce Way Detached 609007 614999 2697 295
1403 Greentree Cir Detached 669000 635000 4047 47
435 8th St Detached 759000 660000 2394 116
1640 Oak St Detached 695000 665000 3301 186
543 2nd Ave Condo 686000 670000 1816 69
14150 Amberwood Cir Detached 675000 675000 2500 14
2630 Rivendell Rd Detached 769900 690000 4611 413
658 1st St Detached 699000 699000 3359 3
13777 Cameo Ct Detached 1700000 1585000 7300 38

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.

Market Activity August 25-31, 2014

Here is your Latest Market Data: last week in Lake Oswego we saw 13 New properties enter the market, 15 move to Pending status, and 17 “Closed”/Sold.

Following is the breakdown according to RMLS:

New on Market (Aug 25-31, 2014)

Address Type Price BR Bths SF
48 Eagle Crest Dr 1C Condo $169,950 2 2 1370
5061 Foothills Dr G Condo $199,900 2 2 991
5058 Foothills Dr A Condo $239,900 2 2 1252
18963 Longfellow Ave Detached $325,000 3 1.5 1232
4631 Wildwood St Detached $399,900 3 2 1650
17688 Cardinal Ct Detached $459,000 3 3 1970
3 Bolivar St Detached $524,900 4 3.5 4782
768 Berwick Ct Detached $549,900 3 2 1731
1210 Wells St Detached $750,000 3 3.5 4494
4090 Westbay Rd Detached $765,000 3 2 2078
63 Nansen Summit Detached $899,900 4 3.5 3202
16650 Fir Ln Detached $1,279,000 4 3.5 3860
17344 Cedar Rd Detached $1,325,000 5 2.5 2831

Pending (Aug 25-31, 2014)

Address Type Price BR Baths SF DOM
366 Cervantes Circle 14-C Condo $136,500 2 1 832 2
6360 McEwan Rd Detached $265,500 3 1.5 1450 83
466 5th St #14 Condo $310,000 2 1.5 1092 27
23 Falstaff ST Detached $329,500 3 2 1434 53
475 8th St Detached $375,000 3 1 960 0
562 2nd St Condo $379,900 2 2.5 1302 177
17211 Robb Pl Detached $439,000 3 2 2085 68
2195 Glenmorrie Ln Detached $521,900 3 2 2461 102
4311 Orchard Way Detached $525,000 4 2.5 3010 227
11 Juarez St Detached $550,000 4 2.5 2551 91
33 Morningview Circle Detached $550,000 3 2.5 2737 123
17641 Brookhurst Dr Detached $659,000 4 2.5 3386 34
551 2nd St Condo $660,000 2 2 1631 74
3894 Tamarack Ln Detached $825,000 4 3.5 4035 20
1400 Ridgecrest Dr Detached $1,649,500 4 4 3859 15

Sold/Closed (Aug 25-31, 2014)

Address Type List Price Closed Price Sq Ft CDOM
100 Kerr Parkway #54 Condo $89,900 $86,900 617 2
5720 Kenny St Detached $299,900 $270,000 1416 64
14360 Uplands Dr Detached $468,000 $275,000 2943 483
16200 Pacific Hwy #15 Condo $279,900 $275,000 1,200 6
3009 Wembley Park Rd Detached $365,000 $375,000 1763 3
50 Condolea Ct Condo $425,000 $398,000 2760 85
15115 Twin Fir Rd Detached $409,900 $400,000 1392 160
15422 Partridge Dr Detached $420,000 $405,000 2580 49
4908 Mulholland Dr Attached $439,000 $429,000 2498 8
54 Aquinas St Detached $499,900 $495,000 2632 90
828 5th St Detached $550,000 $535,000 1884 10
1611 Highland Dr Detached $549,000 $549,000 2,675 14
14564 Kruse Oaks Blvd Detached $689,900 $674,250 3001 10
2479 Marylview Ct Detached $769,000 $756,675 3832 18
1603 Bay View Ln Detached $849,000 $775,000 3650 57
5347 Denton Dr Detached $785,000 $779,000 3240 1

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

Welcome Whitney!

Whitney Gregoire
Whitney Gregoire
I am just super excited to announce the addition of my daughter, Whitney Gregoire, to our team here at the blotter. My Mom was a Realtor here in Lake Oswego for nearly 30 years. I got my license in 1987, and now Whitney has gotten her license as well. I guess it’s in our blood.

Whitney in 1988 in front of my Mom's sign
Whitney in 1988 in front of my Mom’s sign
Whitney is a graduate of Lakeridge High School here in Lake Oswego and graduated from Columbia College Chicago in 2008 with a degree in computer annimation. She is extremely creative and engaging. I think you’ll enjoy the energy she brings to her endeavors. I am excited to have her computer and technical skills be part of our team. I think she will give you a fresh perspective on the topic of real estate.

Welcome Whitney!

Dianne