$2,769,000
SOLD SEP 3, 2024

1237 Lake Front Rd Lake Oswego, OR 97034

McVey-South Shore Neighborhood
3 Beds
3 Baths
3,378 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$820 Per Sq Ft

1% Below List Price

27 Days on Market

Highlights

  • Boathouse
  • Lake Front
  • Docks
  • Hallinan Elementary School Rated A
  • Community Boat Slip
  • Custom Home

About This Home

As of September 2024

Step in to a 180 degree lake view! Iconic home in a coveted waterfront neighborhood. Main level ensuite with lake view. Last remodel 2015, includes greenhouse overhead windows to the sky, and reflective protected wall of windows. This unique home was once featured in Sunset Magazine. German stained glass window flanks the entry, while a Serpentine wall greets inside. The cozy high end kitchen has custom walnut cabinets, and stainless galore. There's a second ensuite on the lower level. Wall off a downstairs space for a 3rd bedroom option. Opportunities await! Many entertaining areas. The glass enclosed patio overlooks terraces and a meandering stone path, to the lake. Entertain waterside on the massive dock. Aqua boat lift. Lake irrigation water rights. A resort lifestyle you'll love! Time for water toys and a cocktail cruise to dinner!

Last Agent to Sell the Property

Kim Kress

Windermere Realty Group License #940900101

Windermere Realty Group

Last Buyer's Agent

Jarrett Altman

Neighborhood Works License #200003181

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,745

Year Built

  • Built in 1955

Lot Details

  • 6,534 Sq Ft Lot
  • Lake Front
  • Terraced Lot
  • Sprinkler System
  • Private Yard
  • Property is zoned R-7.5

HOA Fees

  • $246 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Carport
  • On-Street Parking

Home Design

  • Custom Home
  • Contemporary Architecture
  • Brick Exterior Construction
  • Built-Up Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,378 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Lake Views
  • Security System Leased

Kitchen

  • Built-In Convection Oven
  • Gas Oven or Range
  • Built-In Range
  • Range Hood
  • Built-In Refrigerator
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Soaking Tub

Laundry

  • Laundry Room
  • Washer and Dryer

Finished Basement

  • Exterior Basement Entry
  • Natural lighting in basement

Accessible Home Design

  • Accessibility Features
  • Accessible Parking

Outdoor Features

  • Boathouse
  • Docks
  • Patio

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heat Pump System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 00259936

Community Details

Overview

  • $7,500 One-Time Secondary Association Fee
  • Lake Oswego Corporation Association, Phone Number (503) 636-1422
  • Waterfront Subdivision

Recreation

  • Community Boat Slip

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,745

Year Built

Built in 1955

Lot Details

0

HOA Fees

$246 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 1955
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Contemporary, CustomStyle
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 10 Features: ExteriorEntry,Fireplace,HardwoodFloors
  • Room 11 Features: Dishwasher,EatBar,HardwoodFloors,Pantry
  • Room 12 Features: HardwoodFloors,LivingRoomDiningRoomCombo,SlidingDoors
  • Room 13 Features: HardwoodFloors
  • Room 7 Features: HardwoodFloors
  • Room 9 Features: Fireplace,HardwoodFloors,SlidingDoors
  • Special Features: VirtualTour

Interior Features

  • Accessibility Features: Parking
  • Total Bathrooms: 3.0
  • Fireplaces: 2
  • Interior Amenities: HardwoodFloors, HeatedTileFloor, HighSpeedInternet, Laundry, Quartz, Skylight, SoakingTub, WasherDryer
  • Room 4 Description: Laundry
  • Room 4 Level: Lower
  • Room 5 Description: Office
  • Room 5 Features: HardwoodFloors
  • Room 5 Level: Lower
  • Room 6 Description: BonusRoom
  • Room 6 Features: HardwoodFloors
  • Room 6 Level: Lower
  • Basement: Daylight, ExteriorEntry, Finished
  • Appliances: BuiltinOven, BuiltinRange, BuiltinRefrigerator, ConvectionOven, Dishwasher, Disposal, GasAppliances, Pantry, PlumbedForIceMaker, Quartz, RangeHood, StainlessSteelAppliance
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Association Contact: Jeff Ward
  • BathroomsFullLowerLevel: 2
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 2.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt5000to6999
  • Other Room10 Area: 255
  • Additional Room 10 Level: Lower
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Fourth Bedroom Area: 84
  • Fifth Bedroom Area: 143
  • Bedroom 6 Area: 216
  • Bedroom 7 Area: 240
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Room 8 Description: _3rdBedroom
  • Other Room9 Area: 208
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Brick,WoodSiding
  • Exterior Features: BoatHouse, Dock, Patio, PublicRoad, Sprinkler, Yard
  • Lot Size: 5,000 to 6,999 SqFt
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: PublicRoad, Terraced
  • Road Surface Type: Paved
  • Water Body Name: Lake Oswego
  • Waterfront Features: Lake
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: BuiltUp
  • View: Lake

Garage/Parking

  • Garage Type: Carport
  • Parking Description: Carport, OnStreet
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity,Gas
  • Internet Service Type: Cable
  • Security: SecuritySystemLeased
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir, HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: BoatSlip, Management
  • Senior Community: No
  • Association #2 Fee: 7500.0
  • Association #2 Fee Frequency: OneTime
  • Association Fee: 2949.0
  • Association Fee Frequency: Annually
  • Association Name: Lake Oswego Corporation
  • Phone: 503-636-1422
  • Association: Yes
  • Association Email: info@lakecorp.com

Association/Amenities

  • AssociationAddress: 700 McVey Ave. Lake Oswego, OR 97034 mail PO Box 203 LO, OR 97034
  • AssociationPendingLitigationYN: Yes
  • AssociationStatus: Active

Schools

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

Lot Info

  • Farm: No
  • Zoning: R-7.5
  • Land Lease: No
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 00259936

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 21745.3
  • Tax Opportunity Zone: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2024
Closed on
Aug 24, 2024
Sold by
Ellen Ann Schmidt Revocable Trust and Schmidt Ellen Ann
Bought by
Schembari James and Negroni Lode
Seller's Agent
Kim Kress
Windermere Realty Group
Buyer's Agent
Jarrett Altman
Neighborhood Works
List Price
$2,795,000
Sold Price
$2,769,000
Premium/Discount to List
-$26,000
-0.93%
Total Days on Market
27
Views
14
Current Estimated Value
$2,596,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,277
Avg. Annual Appreciation
-1.29%
Original Mortgage
$800,000
Outstanding Balance
$797,232
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$1,946,638

Purchase Details

Closed on
Feb 9, 2016
Sold by
Schmidt Ellen A and Brooks Ellen A
Bought by
Schmidt Ellen Ann and Ellen Ann Schmidt Revocable Trust

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,769,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $400,000 New Conventional
Previous Owner $200,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2024 09/03/24 Sold $2,769,000 -0.9% $820 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $2,795,000 -- $827 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $22,403 $1,132,220 $0 $0
2022 $21,100 $1,099,243 $0 $0
2021 $19,486 $1,067,227 $0 $0
2020 $18,997 $1,036,143 $0 $0
2019 $18,529 $1,005,965 $0 $0
2018 $17,620 $976,665 $0 $0
2017 $16,821 $938,135 $0 $0
2016 $15,311 $910,811 $0 $0
2015 $13,950 $833,888 $0 $0
2014 $13,770 $809,600 $0 $0
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24623240

Regional Multiple Listing Service (RMLS)

APN: 00259936

Oregon Clackamas County Lake Oswego 97034 McVey-South Shore

1237 Lake Front Rd, Lake Oswego, OR

Homes for Sale in Lake Oswego, OR

This home is located at 1237 Lake Front Rd, Lake Oswego, OR 97034 and is currently priced at $2,769,000, approximately $819 per square foot. This property was built in 1955. 1237 Lake Front Rd is a home located in Clackamas County with nearby schools including Hallinan Elementary School, Lakeridge Middle School, and Lakeridge High School.

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