NOT LISTED FOR SALE

Estimated Value: $4,171,147 - $4,568,000

6 Beds
9 Baths
14,411 Sq Ft
$303/Sq Ft Est. Value

Last Sold August 16, 2023

Last sale price $4,000,000 $278 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $29,162/month

210 Days on Market

Highlights

  • Home Theater
  • Private Pool
  • Custom Home
  • Hallinan Elementary School Rated A
  • RV or Boat Parking
  • View of Trees or Woods

About This Home

As of August 2023

MOTIVATED SELLER. Old world Italian style villa. Possibly the finest private estate in Lake Oswego. Beautiful detail in this gated 1 acre villa, including a 10 car garage for the enthusiast who wants extra space for any type of hobby. A complete attached "in-law" quarters make this home very functional for all ages. Swimming pool, spa, exercise room and sauna complete the estate.

Last Listed By

Patrick Kilby

Patrick M Kilby License #830800067 Listed on: 12/08/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,864

Year Built

  • Built in 2003

Lot Details

  • 1.19 Acre Lot
  • Gated Home
  • Secluded Lot
  • Gentle Sloping Lot
  • Private Yard

Parking

  • 10 Car Attached Garage
  • Garage on Main Level
  • Garage Door Opener
  • Secured Garage or Parking
  • RV or Boat Parking
  • Controlled Entrance

Property Views

  • Woods
  • Mountain
  • Territorial

Home Design

  • Custom Home
  • Slab Foundation
  • Tile Roof
  • Stone Siding
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 14,411 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • High Ceiling
  • 5 Fireplaces
  • Gas Fireplace
  • Natural Light
  • Double Pane Windows
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • First Floor Utility Room
  • Tile Flooring

Kitchen

  • Butlers Pantry
  • Built-In Double Oven
  • Built-In Range
  • Range Hood
  • Built-In Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer

Finished Basement

  • Exterior Basement Entry
  • Apartment Living Space in Basement

Home Security

  • Security System Owned
  • Security Lights
  • Security Gate

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Hallway
  • Accessibility Features
  • Accessible Doors
  • Accessible Entrance
  • Accessible Parking

Outdoor Features

  • Private Pool
  • Sport Court
  • Covered patio or porch
  • Outdoor Water Feature
  • Fire Pit
  • Gazebo
  • Outbuilding

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Hallinan Elementary School
  • Lakeridge Middle School
  • Lakeridge High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Exchanger
  • Heating System Uses Gas
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01837203

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,864

Year Built

Built in 2003

Lot Details

0

Parking

10

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 3
  • Year Built: 2003
  • Property Condition: Resale
  • Unreinforced Masonry Building: No
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: CustomStyle, Other
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • OtherStructuresFeatures1: Volts220,ConcreteFloor,ElectricityConnected,Plumbed,SecurityLights,SeparateElectricMeter,Storage
  • OtherStructuresType1: Garage
  • OtherStructuresType2: Garage
  • Room 10 Features: BuiltinFeatures,Fireplace,Formal
  • Room 11 Features: BuiltinFeatures,EatBar,EatingArea,GasAppliances,Island
  • Room 12 Features: Balcony,Fireplace,Formal
  • Room 13 Features: Balcony,Fireplace
  • Room 7 Features: BuiltinRefrigerator,DressingRoom
  • Room 8 Features: LShaped,SlidingDoors
  • Room 9 Features: BayWindow,Formal,LivingRoomDiningRoomCombo
  • Special Features: None

Interior Features

  • Accessibility Features: AccessibleDoors, AccessibleElevatorInstalled, AccessibleEntrance, AccessibleHallway, CaregiverQuarters, GarageonMain, MainFloorBedroomBath, NaturalLighting, Parking, UtilityRoomOnMain
  • Total Bathrooms: 6.3
  • Fireplaces: 5
  • Interior Amenities: CentralVacuum, Elevator, GarageDoorOpener, Granite, HighCeilings, HomeTheater, JettedTub, Laundry, SeparateLivingQuartersApartmentAuxLivingUnit, SoakingTub, TileFloor, WasherDryer
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Upper
  • Room 5 Description: _5thBedroom
  • Room 5 Level: Lower
  • Room 6 Description: GuestQuarters
  • Room 6 Features: Bathroom,FamilyRoomKitchenCombo,Fireplace
  • Room 6 Level: Lower
  • Basement: ExteriorEntry, Finished, SeparateLivingQuartersApartmentAuxLivingUnit
  • Window Features: DoublePaneWindows, WoodFrames
  • Appliances: BuiltinOven, BuiltinRange, BuiltinRefrigerator, ButlersPantry, Dishwasher, Disposal, DoubleOven, Granite, InstantHotWater, Island, RangeHood, StainlessSteelAppliance
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Gas
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 2
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 3
  • BathroomsPartialLowerLevel: 1
  • BathroomsPartialMainLevel: 2
  • BathroomsTotalLowerLevel: 2.1
  • BathroomsTotalMainLevel: 1.2
  • BathroomsTotalUpperLevel: 3.0
  • Lot Size Range: Acres1to3
  • OtherStructuresBaths1: 0.5
  • OtherStructuresBathsTotal: 0.05
  • Additional Room 10 Level: Lower
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Stone,Stucco
  • Exterior Features: AthleticCourt, CoveredPatio, Fenced, FirePit, Gazebo, Outbuilding, Patio, Pool, Porch, RVBoatStorage, WaterFeature, Yard
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter, Other, Slab
  • View: Yes
  • Lot Features: Gated, GentleSloping, Private, Secluded
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Tile
  • View: Mountain,Territorial,TreesWoods

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Other, Secured
  • Attached Garage: Yes
  • Garage Spaces: 10.0
  • Total Parking Spaces: 10.0
  • OtherStructuresGarageLevel: Main
  • OtherStructuresGarageNoAttached: 1
  • OtherStructuresGarageNoDetached: 2

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas,Recirculating
  • Internet Service Type: Cable
  • Security: Entry, SecurityGate, SecurityLights, SecuritySystemOwned
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir, HeatExchanger, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Association: No

Schools

  • Elementary School: Hallinan
  • High School: Lakeridge
  • Middle Or Junior School: Lakeridge

Lot Info

  • Farm: No
  • Zoning: R
  • Lot Size Acres: 1.19
  • Lot Size Sq Ft: 51836.0
  • Parcel #: 01837203

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 50864.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2022
Closed on
Aug 4, 2023
Sold by
Knouf Craig C and Knouf Danielle R
Bought by
Araneta Mark Michael and Araneta Crissel Anne
Seller's Agent
Patrick Kilby
Patrick M Kilby
Buyer's Agent
Cornell Mann
Great Western Real Estate Co
List Price
$4,750,000
Sold Price
$4,000,000
Premium/Discount to List
-$750,000
-15.79%
Total Days on Market
210
Views
367
Current Estimated Value
$4,368,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,049
Avg. Annual Appreciation
3.98%
Original Mortgage
$3,000,000
Outstanding Balance
$2,950,847
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$1,327,060

Purchase Details

Closed on
Sep 21, 2015
Sold by
Qayum Abdul and Qayum Ismat
Bought by
Knouf Craig C and Knouf Danielle R

Purchase Details

Closed on
Jul 11, 2015
Sold by
Qayum Azam and Qayum Ismat
Bought by
Qayum Abdul and Qayum Ismat

Purchase Details

Closed on
Nov 30, 2005
Sold by
Qayum Abdul and Qayum Ismat
Bought by
Qayum Abdul and Qayum Ismat

Purchase Details

Closed on
Dec 17, 2004
Sold by
Qayum Abdul and Qayum Ismat
Bought by
Qayum Abdul and Qayum Ismat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 10, 2003
Sold by
Qayum Abdul
Bought by
Qayum Abdul and Qayum Ismat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,370,000
Interest Rate
6%

Purchase Details

Closed on
Jul 18, 2000
Sold by
Qayum Abdul
Bought by
Qayum Abdul and Qayum Ismat

Purchase Details

Closed on
Jan 4, 2000
Sold by
Magid Robert N
Bought by
Qayum Abdul and Qayum Ismat

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Araneta Mark Michael $4,000,000 Fidelity National Title
Knouf Craig C $2,087,730 Fidelity Natl Title Co Of Or
Qayum Abdul -- Chicago Title
Qayum Abdul -- --
Qayum Abdul -- Chicago Title Insurance Comp
Qayum Abdul -- Chicago Title
Qayum Abdul $475,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Araneta Mark Michael $3,000,000
Previous Owner Knouf Craig C $500,000
Previous Owner Knouf Criag C $1,000,000
Previous Owner Knouf Craig C $600,000
Previous Owner Abdul Quayum Living Trust $320,000
Previous Owner Qayum Abdul $375,000
Previous Owner Qayum Abdul $375,000
Previous Owner Qayum Abdul $2,000,000
Previous Owner Qayum Abdul $375,000
Previous Owner Qayum Abdul $1,370,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $4,000,000 -11.1% $278 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $4,500,000 -5.3% $312 / Sq Ft
12/08/2022 12/08/22 For Sale $4,750,000 -- $330 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $59,340 $2,976,046 $0 $0
2022 $55,851 $2,889,366 $0 $0
2021 $50,864 $2,805,210 $0 $0
2020 $50,086 $2,723,505 $0 $0
2019 $48,833 $2,644,180 $0 $0
2018 $45,086 $2,491,204 $0 $0
2017 $42,797 $2,389,115 $0 $0
2016 $38,419 $2,309,107 $0 $0
2015 $36,732 $2,241,851 $0 $0
2014 $35,397 $2,176,554 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22628354

Regional Multiple Listing Service (RMLS)

APN: 01837203