Just in the last 30 days for Oswego Lake waterfront properties (not Willamette River waterfront homes in Lake Oswego), there have been 6 lakefront homes sold in escrow through the MLS.
The price on these sold Lake Oswego waterfront homes range from $400,000 (a fluke) to $3,475,000 with a median sold price of $1,435,000 and an median days on market of 189 days. The average dollar per square foot for these Lake Oswego lakefront homes and canal front homes that have sold is $442 with a median sales price to list price percentage of 96.73%.
Sold lakefront homes and canalfront homes: 3300 Southshore Blvd., 18000 Sarah Hill Lane, 17471 Cardinal Dr., 263 Northshore Rd, 2926 Lakeview Blvd., 3214 Lakeview Blvd.
Here are the details of the Lake Oswego waterfront homes which have sold:
The Skylands neighborhood is located in Southeast Lake Oswego and is very beautiful.
Away from the active LO city center and restaurant scene around Millenium Plaza, this area tends to be more private. Not in the sense that you’re not invited in but the community is elevated and has views of Mt Hood out one direction and royal sunsets in the other. Skylands homes for sale tend to be larger and on large lots and are coveted.
Skylands is relatively small with about 425 residents and common for lot sizes are about an acre plus. Many of the properties are anchored with large homes and driveways are gated. Not all, just more then other parts of Lake Oswego. It is important to note that there’s not an issue with crime here, but it’s more of a statement that these are estates and larger homes in Skylands tend to include this feature.
Schools in Lake Oswego are fabulous and of course they are good here as well. Reputable sources rate the quality of education as high. Glenmorrie Park is close by and stretches out to Oregon’s Willamette River. Located at Brookhurst Drive off Highway 43 is 2.3 acres of park and open to the public…very fun to explore.
The beautifully handcrafted Stone Villa on Lakeview Blvd finally sells – a long time one of my personal favorite Lake Oswego waterfront homes for sale, 3232 Lakeview Blvd has closed in escrow! This waterfront gem has been my favorite for a variety of reasons, but mostly because I like the potential that it has always represented. The villa is a shell of a mansion as in it still needs the interior finish work.
Here is the verbiage from the listing in the RMLS:
This enchanting Italian stone villa is waiting for your vision of the interior finish. Over $4 million has been invested in the exterior improvements. The spectacular stone facade is reminiscent of old villas on Lake Como. Lower level has an indoor pool, sauna, wine cellar and exercise room. Elevator to all 3 levels. Hot tub and boat house are completed. Interior is ready to sheet rock.
And here are some the details of this seriously unique and special Lake Oswego waterfront property:
7000 square feet
indoor swimming pool
built in 2003
2 car garage
.23 acre lot
Details of the market time of this home:
3232 Lakeview Blvd closed in escrow on 5/29/2014 for $2,250,000 after 1113 days on market recently. It was originally listed on 6/23/2008 by a different brokerage for $6,300,000 for 361 days. The most recent market listing began in April of 2011 at a price of $4,450,000 before being reduced to $3,400,000 in February of 2012 and then $2,900,000 in March of 2012 and then to 2,590,000 in February of 2013. That was the last list price before it sold this last week. The purchase price that was settled on is a considerably good price even just form an investment point of view. There is a one time $5000 payment for the Oswego Lake waterfront share that the house is deeded with. The annual taxes on this home is currently at $56,687.37 according to the listing.
Lake Oswego Waterfront Homes For Sale:
Please let us know if you are interested in any of the beautiful Lake Oswego waterfront homes that are listed right now. We are happy to show you lakefront homes on Oswego Lake no matter who they are listed with and look forward to being your advocate.
Additionally, if you are a Lake Oswego seller, please let us know how we can help you. There are some amazing listings that you will be competing with at the moment so pricing and presentation are key starting points. Our unique marketing will help put you ahead of the competition and get the best return on your investment.
Court Olsen & Brian Olsen, Cooper Jacobs Real Estate
Oswego Lake Waterfront Property update: Lake Oswego Real Estate activity is increasing as the winter freeze wears off and buyers look around at 2014 market conditions. We certainly had more snow here at the lake then last year and the most snowfall over Christmas in a decade. Lake Oswego Lakefront property is almost always the most desirable, unless one is afraid of water or increased taxes, and the sale prices certainly reflect the appeal of living on or near Oswego Lake.
4153 Westbay Road SOLD for $1,240,000 just $109,000 less then asking.
112 Northshore Circle SOLD for $1,475,000 only $75,000 below original list price!
1100 Northshore Road SOLD for $2,550,000 just $100,000 less then asking.
All of these Lake Oswego waterfront properties are wonderful and certainly a sound investment. The median Sold price is $1,475,000…not too shabby. This works out to be an average price per square foot to be $430. The homes are predicted to appreciate at around 4.8% annually and that’s relatively conservative. The numbers look good! There are 21 active Lake Oswego waterfront listings currently on the multiple listing service and 9 Lake Oswego waterfront properties for sale are pending.
This data is compiled from the RMLS and includes only Lake Oswego waterfront homes that are lakefront.
Size of the waterfront homes currently listed FOR SALE is luxurious and large. Most have relaxing outdoor living spaces that make great use of patio space. Some Lake Oswego homes have outdoor fire pits. Why end the evening with smoars when you can start with pizza. Many landscapes have fireplaces with BBQ’s built into them. I would certainly work in an outdoor pizza oven. Homeowners can get plenty of exercise at the house with the average square footage of these fancy homes a spacious 4,856 feet.
Let’s move out of hibernation and into the great outdoors! Let us know if we can help. 503-899-2968 LO@CooperJacobs.com
All bundled up in this weather, I hope! The city of Lake Oswego has actually done a great job keeping our roads passable and safe. I wanted to take a break and dive back into the First Addition Real Estate market now that 2014 is off to a good start. First Addition is one of the oldest neighborhoods in Lake Oswego, and it is filled with character!
If you are thinking about moving to Lake Oswego, then this is a great site to check out different Lake Oswego neighborhoods and learn about Lake Oswego living. If you want to talk to me about different Lake Oswego neighborhoods, schools, etc., I am free anytime and would look forward to making your relocation to Lake Oswego easier all around. Now, Back to First Addition Homes for sale and real estate market info for the last month…..
First Addition Homes SOLD in last 30 days – just one in the RMLS. In the last 30 days, we have had one large First Addition home for sale close in escrow. 425 G Ave was listed for $1,400,000 and sold for full price on 2/5/2014 after being on the market for 91 days. It is a Lake Oswego new construction home and has 3890 square feet, four bedrooms, and 2 baths. Obviously, the location of this First Addition home is a huge selling point. Proximity to all Downtown LO city amenities is always in demand.
There are 3 First Addition homes for sale that are currently pending in escrow as well as the one which has closed. These range in list price from $889,000 to $1,250,000 with a median list price of $969,000. They range in days on market from 0 to 189 days.
So, what is for sale in Lake Oswego’s First Addition neighborhood? There are 6 active First Addition listings in the RMLS currently – single family and labeled First Addition. These First Addition homes for sale range in list price from $665,000 to $1,050,000 with a median list price of $996,750. The average dollar per square foot is $253. These have been on the market for a median days on market of 59 days with a range of 7 days to 208 days. These homes are located in First Addition on streets such as D Ave, 4th St, 6th St, E Ave, 2nd St, Atwater Rd, and 9th St. Among these, you will find presales, new construction, and Lake Oswego properties for sale that don’t have signs out front. Full details: First Addition Real Estate market 02092014
No matter what Lake Oswego neighborhood you are interested in, Let us help you get started. We just need some quick info to get you started:
Lakewood is one of our favorite neighborhoods in Lake Oswego, Oregon.
It is a lovely waterfront neighborhood that basically surrounds Lakewood Bay. Lakewood Bay is the smaller Bay adjacent to Downtown Lake Oswego and the neighborhood of Lakewood hugs its shores. There is a canal to the main lake from Lakewood Bay which is quite charming to go through by boat. The majority of the neighborhood is a peninsula and the homes are character of the streets is just charming. South of Lakewood is the Eastern portion of Oswego Lake where the Lake Corp is situated.
While looking for Lakewood homes for sale, you will find many gorgeous view homes, Lake Oswego luxury homes, and Lake Oswego waterfront homes in addition to non-waterfront homes. This is because the neighborhood is comprised of much waterfront and within Lakewood is Half Moon Bay (part of “The Peninsula”) and parts of the North Shore. Each of these individual sections of Lakewood offer unique characteristics. You get South facing, North facing, West facing, and East facing waterfront homes in this neighborhood. Lakewood waterfront homes come are located in three separate sections of Oswego Lake, too! Where else can you find so much variety in one neighborhood?
1925 advertisement declared “Of all Lake Oswego’s districts Lakewood is the most accessible –the nearest—possessed of modern advantages. There is no more beautiful spot anywhere.”
Lakewood Real Estate Market Update:
Homes in this Lake Oswego neighborhood are coveted and as a result there have not been a lot of Lakewood homes for sale for the past 12 months. In looking through the RMLS, for residential detached homes marked in the Lakewood neighborhood, there have been even less, but drawing a precise shape around the official neighborhood boundaries, there are additional properties to include in our market numbers. Lakewood waterfront homes and homes in the peninsula portion of the neighborhood are highly sought after, but all homes in this neighborhood tend to be desirable.
There are only three single family Lakewood homes for sale currently. These are located on Middlecrest Rd, Ridgeway Rd, and Lakeshore Rd, and range in list price from $629,900 to $2,295,000. The average dollar per square foot on these is $482. The median days on market is 144 days and the median price is $895,000.
In the last 12 months, 11 Lakewood homes have sold – again single family homes. No condos in these numbers. These Lakewood homes have a median list price of $625,000 and a median sold price of $580,000. The average dollar per square foot based on their final sales prices was $313 and there was a median days on market of 85 days.
If you are interested in exploring Lake Oswego’s Lakewood neighborhood, please let me know. I am happy to show you my favorite Lakewood homes for sale and also happy to tell you about the neighborhood or other Lake Oswego neighborhoods.
This Lake oswego neighborhood is a haven of Lake Oswego luxury homes and spectacular Lake Oswego waterfront homes and is basically a peninsula surrounded by canals and the lake on three sides. As a result, you can find beautiful lakefront estates as well as some more affordable waterfront property on the canals. Blue Heron is located on the South side of the lake and in the Lakeridge High School Boundaries.
If you are interested in Blue Heron Homes for sale and you are interested in taking advantage of living in a lakefront neighborhood, then it is important to talk about easements. The map to the right is from the Lake Corp which is great place to investigate if you are interested in living on or near the lake or if you are interested in using Oswego Lake at all. Oswego Lake is a private lake. Only shareholders who live either on the lake in waterfront homes or live in homes within the easement boundaries are entitled to enjoy the lake. This particular map shows the four different easements to Oswego Lake in the area and shows which homes in the neighborhood are eligible to join which easement(s).
If you are interested in moving to Lake Oswego and if you want to be able to use Oswego lake, then it is extremely important to know which easement you are able to use with your property. We can help you figure this out as well as some of the other boudaries for various other amenities and schools.
Lake Oswego Neighborhood Highlight: Bergis Farm Estates
Bergis Farm Estates is a Lake Oswego luxury development on Bergis Farm Drive just off of SW Cornell Street at SW Bergis Road. There are fifteen well appointed homes in the Bergis Farm neighborhood.
These Lake Oswego homes were built in the late 1990s and into the early 2000s with a high attention to detail and finishes. Open floorplans and large spaces are a couple of the attributes of Bergis Farm homes. The neighborhood is currently literally surrounded for the most part by farms and is an excellent choice for buyers looking for a combination of peace and tranquility, close in West Linn, Portland, & Lake Oswego amenities, plus the coveted LO schools. This neighbohrood offers an easy commute, but is in a beautiful country setting, and many of the homes in Bergis Farm Estates offer territorial views.
This neighborhood is coveted. Currently only one home on Bergis Farm Dr. has been on the market recently and it is Pending in escrow. The list price on it is $1,280,000. This is up significantly as the market has recovered over the last year or so. Over the last 24 months, there have been three Bergis Farm Estates homes sold.
17426 Bergis Farm Dr was listed for $894,500 and sold on 3/9/2012 for a final sold price of $825,000. It is a 4 bedroom, 3 bath, 4444 square foot home built in 2001.
17411 Bergis Farm Dr was listed for $882,500 and sold on 6/29/2012 for a final price of $840,000 after being on the market for only 13 days. It is a 4 bedroom, 3 bath, 4282 square foot home built in 2000.
17384 Bergis Farm Dr was listed for $995,000 and sold on 10/26/2012 for full price after 57 days on market. This Bergis Farm home is a 5 bedroom, 4 bath, 5081 square feet home built in 2005 with super high end finishes and fixtures including Dacor, Subzero, and Miele appliances, plus territorial views.
The overall numbers on Bergis Farm Estates including the pending home on the market now are as follows: The median days on market for selling your Bergis Farm Estates home in Lake Oswego is 115 days. The average dollar per square foot for listing prices in the neighborhood is $224 and the average dollar per square foot for sold prices over the last two years is $194. The home that is currently pending is listed for $298 a square foot. Prices have increased over the last two years, but I imagine that the currently pending home in the neighborhood won’t get full price. It will, however, set the bar for the current state of the real estate market in Bergis Farm Estates. You can read the full details on these here: Bergis Farm Estates Market Report
Please let me know if you are interested in buying or selling in any of Lake Oswego’s neighborhoods. I would be happy to give you some tips on the various locations and also would look forward to seeing your home if you are interested in selling.