16755 Graef Cir Lake Oswego, OR 97035
Lakeview-Summit NeighborhoodEstimated payment $23,652/month
Highlights
- Boathouse
- Lake Front
- Heated Floors
- Westridge Elementary School Rated A+
- Docks
- 3-minute walk to Lake Grove Swim Park
About This Home
A MUST SEE! Come enjoy this spectacular waterfront property with an estate-like feel on a spacious double lot (2 tax lots). 160 feet of waterfront, and coveted SW exposure for fabulous light and sun year round. This is a tasteful, updated home with stunning waterfront views from nearly every room. Well designed floorplan with excellent separation of space, yet comfortable areas for entertaining and family living. Gorgeous kitchen designed by Rhonda Divers with honed granite counters and stainless appliances, panoramic lake views and adjacent patio for BBQ and outdoor dining. The large primary suite contains vaulted ceilings, an updated bathroom with quartz counters and heated flooring, a double headed walk-in shower and spacious His/Hers closets designed by California Closets. In addition to the three bedrooms upstairs, including the primary, there is a loft area for additional office/study space.The main floor room can be used as a 5th bedroom but is currently being used as formal office. Continue to the lower level with a bedroom, full bath and bonus room leading to expansive decking, hot tub, and steps to the lake. Nothing compares to the breathtaking yard with a large grass area, raised garden beds, and mature foliage. Amazing updated boathouse with lift, spacious covered waterfront entertaining area, board/kayak storage and dock. Garden room, shop and exceptional storage throughout. In addition, for those unexpected winter days, there is whole house Generac generator recently installed. Located on West Bay Lake Oswego, coveted for its close proximity to the main lake, serene no-wake zoning and spacious water area. Very private and quiet street location, with parking for 5 cars. Easy access to commute routes and local amenities. DO NOT MISS THE OPPORTUNITY TO MAKE THIS HOUSE YOURS!
Listing Agent
Cascade Hasson Sotheby's International Realty License #981200035 Listed on: 04/23/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,759
Year Built
- Built in 1930 | Remodeled
Lot Details
- 0.28 Acre Lot
- Lake Front
- Level Lot
- Sprinkler System
- Private Yard
- Raised Garden Beds
HOA Fees
- $299 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Oversized Parking
- Garage Door Opener
- Driveway
Property Views
- Lake
- Territorial
Home Design
- Traditional Architecture
- Composition Roof
- Shake Siding
Interior Spaces
- 4,566 Sq Ft Home
- 3-Story Property
- Vaulted Ceiling
- 2 Fireplaces
- Wood Burning Fireplace
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Home Office
- Atrium Room
- Laundry Room
Kitchen
- Built-In Oven
- Cooktop with Range Hood
- Microwave
- Plumbed For Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Disposal
- Instant Hot Water
Flooring
- Wood
- Wall to Wall Carpet
- Heated Floors
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Boathouse
- Docks
- Deck
- Outbuilding
Schools
- Westridge Elementary School
- Lakeridge Middle School
- Lakeridge High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heat Pump System
- Gas Water Heater
Community Details
- $7,500 One-Time Secondary Association Fee
- Lake Oswego Corporation Association, Phone Number (503) 636-1422
Listing and Financial Details
- Assessor Parcel Number 00244042
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $26,759 | $1,389,869 | -- | -- |
| 2023 | $26,759 | $1,349,388 | $0 | $0 |
| 2022 | $25,202 | $1,310,086 | $0 | $0 |
| 2021 | $23,277 | $1,271,929 | $0 | $0 |
| 2020 | $22,692 | $1,234,883 | $0 | $0 |
| 2019 | $22,134 | $1,198,916 | $0 | $0 |
| 2018 | $21,049 | $1,163,996 | $0 | $0 |
| 2017 | $20,310 | $1,130,093 | $0 | $0 |
| 2016 | $18,491 | $1,097,178 | $0 | $0 |
| 2015 | $17,864 | $1,065,221 | $0 | $0 |
| 2014 | $17,633 | $1,034,195 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $3,999,900 | -4.7% | $876 / Sq Ft |
| 07/26/2025 07/26/25 | Price Changed | $4,195,000 | -3.6% | $919 / Sq Ft |
| 07/02/2025 07/02/25 | For Sale | $4,350,000 | 0.0% | $953 / Sq Ft |
| 06/13/2025 06/13/25 | Off Market | $4,350,000 | -- | -- |
| 05/29/2025 05/29/25 | Price Changed | $4,350,000 | -2.2% | $953 / Sq Ft |
| 04/23/2025 04/23/25 | For Sale | $4,450,000 | -- | $975 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Accommodation |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | Credit Line Revolving | |
| Open | $417,000 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $845,000 | Fannie Mae Freddie Mac |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 580522839
APN: 00244042
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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