$2,350,000
PENDING NEW CONSTRUCTION $157K PRICE DROP

Estimated payment $20,687/month

Total Views 7,329
2 Beds
2.5 Baths
2,279 Sq Ft
$1,031 Price per Sq Ft

Highlights

  • Concierge
  • Fitness Center
  • Sauna
  • Forest Hills Elementary School Rated A
  • New Construction
  • 2-minute walk to George Rogers Park

About This Home

Twelve months of HOA fees covered by the seller.Penthouse living at the bespoke Frances, located in the First Addition neighborhood, just steps from the vibrant downtown Lake Oswego village. This prime location offers an unparalleled lifestyle with convenient access to recreation, charming cafes, and upscale shopping.The meticulously designed floor plan features two elegant bedroom suites, a chef and prep kitchen, catering to culinary enthusiasts. The versatile flex space offers opportunities for a library, office, or creative space, while the living room is highlighted by a stunning "floating" fireplace. Two expansive terraces are perfect for relaxation, presenting captivating views of the river, lush trees, and glimpses of the majestic Mt. Hood.Frances showcases a commitment to excellence with luxury materials and finishes. The kitchen boasts book-matched marble slabs that rise from counter to ceiling, complemented by quartz countertops and custom cabinetry crafted by local artisans. The home is adorned with European white oak flooring in a dark walnut stain, featuring a sophisticated herringbone pattern. A built-in wet bar enhances the living area, making it ideal for entertaining. State-of-the-art appliances, including a professional series Sub-Zero refrigerator, dual dishwashers, a 48-inch Wolf range, and double ovens, complete the kitchen ensemble.The primary bedroom suite has two generous walk-in closets, dual vanities, and a porcelain-clad wet room with a soaking tub and terrace access. The secondary bedroom features its own walk-in closet, a step-in shower, and a custom vanity.Residents enjoy exclusive community amenities, including a guest suite, a rooftop terrace and residence lounge, a fully equipped gym, sauna, and an art-infused lobby that delights the senses. The tranquil sensory garden, adorned with sculpture art and a water feature, offers a serene retreat. Each condominium includes one parking space with a lift and additional storage.

Listing Agent

Jennifer Watson

Barnes Portland License #201105014

Co-Listing Agent

Teddi Schill

Barnes Portland License #200602459

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $69,952

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Fenced
  • Sloped Lot
  • Sprinkler System

HOA Fees

  • $1,829 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Off-Street Parking
  • Deeded Parking
  • Controlled Entrance

Property Views

  • River
  • Woods
  • Mountain

Home Design

  • Custom Home
  • Craftsman Architecture
  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Cultured Stone Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,279 Sq Ft Home
  • 4-Story Property
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Natural Light
  • Double Pane Windows
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Library
  • Sauna
  • Basement Storage

Kitchen

  • Butlers Pantry
  • Gas Oven or Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Marble Countertops
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Marble
  • Slate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • In-Law or Guest Suite
  • Dual Flush Toilets
  • Soaking Tub
  • Walk-in Shower
  • Built-In Bathroom Cabinets

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Home Security System
  • Security Lights
  • Security Gate

Accessible Home Design

  • Accessible Full Bathroom
  • Low Kitchen Cabinetry
  • Accessibility Features
  • Level Entry For Accessibility
  • Accessible Parking

Outdoor Features

  • Patio
  • Outdoor Water Feature
  • Fire Pit

Schools

  • Forest Hills Elementary School
  • Lake Oswego Middle School
  • Lake Oswego High School

Utilities

  • 95% Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Builder Warranty
  • Home warranty included in the sale of the property
  • Assessor Parcel Number 00193702

Community Details

Overview

  • 16 Units
  • Frances HOA, Phone Number (503) 334-2198
  • On-Site Maintenance

Amenities

  • Concierge
  • Community Deck or Porch
  • Common Area
  • Sauna
  • Meeting Room
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$69,952

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$1,829 per month

Parking

1

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 4
  • Warranty: BuilderWarranty
  • Year Built: 2024
  • Property Condition: NewConstruction
  • New Construction Builders Required Addendums: No
  • New Construction Builders Warranty: Yes
  • New Construction C C B Type: ResidentialCommercial
  • New Construction Early Release Earnest Money: No
  • New Construction Oregon C C B Notices Attached: No
  • New Construction Permit Number: 499-21-004072-STR
  • Property Sub Type: Condominium
  • Architectural Style: Craftsman, CustomStyle
  • New Construction: Yes
  • Property Attached Yn: No
  • CondominiumConciergeYN: Yes
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: Yes
  • CondominiumStorageAvailYN: Yes
  • CondominiumUnitsInComplex: 16
  • CondominiumWasherDryer: IncludedInUnit
  • CondominiumYardYN: No
  • Open House: No
  • Room 11 Features: Dishwasher,Island,Microwave
  • Room 12 Features: FamilyRoomKitchenCombo,FrenchDoors,HardwoodFloors,Patio
  • Room 13 Features: FrenchDoors,HardwoodFloors
  • Room 7 Features: HardwoodFloors
  • Room 9 Features: FrenchDoors,HardwoodFloors
  • CondominiumTotalLevels: 4
  • Unit Floor Number: 1
  • Special Features: 4098

Interior Features

  • Accessibility Features: AccessibleFullBath, BathroomCabinets, BuiltinLighting, KitchenCabinets, NaturalLighting, OneLevel, Parking, WalkinShower
  • Total Bathrooms: 2.1
  • Fireplaces: 1
  • Interior Amenities: DualFlushToilet, GarageDoorOpener, HighCeilings, Laundry, Marble, Quartz, SlateFlooring, SoakingTub, WasherDryer, WoodFloors
  • Room 4 Description: Laundry
  • Room 4 Features: BuiltinFeatures
  • Room 4 Level: Main
  • Room 5 Description: Library
  • Room 5 Features: Balcony,FrenchDoors,HardwoodFloors
  • Room 5 Level: Main
  • Basement: Other, StorageSpace
  • Window Features: DoublePaneWindows, WoodFrames
  • Appliances: ButlersPantry, Dishwasher, Disposal, FreeStandingRange, FreeStandingRefrigerator, GasAppliances, Island, Marble, Microwave, RangeHood, StainlessSteelAppliance
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Stories: 4
  • Main Level Full Bathrooms: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 2.1
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Fourth Bedroom Area: 104
  • Fifth Bedroom Area: 108
  • Bedroom 7 Area: 165
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Other Room9 Area: 132
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding,CulturedStone,LapSiding,Stone
  • Exterior Features: Fenced, FirePit, GuestQuarters, Patio, Sauna, SecurityLights, Sprinkler, WaterFeature
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Sloped
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition
  • View: Mountain,River,TreesWoods

Garage/Parking

  • Garage Type: Attached,Shared,TuckUnder
  • Parking Description: OffStreet, Secured
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0
  • CondominiumGarageType: Deeded
  • CondominiumParkingSpaceNo: tbd
  • CondominiumParkingTandemYN: No
  • CondominiumParkingTax: 0.00

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: FiberOptics
  • Security: Entry, FireSprinklerSystem, SecurityGate, SecuritySystem
  • Cooling: CentralAir, HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir95Plus, HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: GroundFloor
  • Association Amenities: Commons, ExteriorMaintenance, Gas, Gated, Gym, MaintenanceGrounds, Management, MeetingRoom, Sauna, Sewer, Trash, Water
  • Senior Community: No
  • Association Fee: 1829.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Nicki Pesceone
  • CondominiumAssociationEmail: nicki.pesceone@ams-nw.com
  • CondominiumAssociationName: Frances HOA
  • CondominiumAssociationPhone: 503-334-2198
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Forest Hills
  • High School: Lake Oswego
  • Middle Or Junior School: Lake Oswego

Lot Info

  • Land Lease: No
  • Parcel #: 00193702

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $69,952 $3,642,219 $0 $0
2022 $2,298 $119,716 $0 $0
2021 $2,122 $116,230 $0 $0
2020 $2,069 $112,845 $0 $0
2019 $2,018 $109,559 $0 $0
2018 $1,919 $106,368 $0 $0
2017 $1,852 $103,270 $0 $0
2016 $1,685 $100,262 $0 $0
2015 $1,628 $97,342 $0 $0
2014 $1,607 $94,507 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Pending -- -- --
03/15/2025 03/15/25 Price Changed $2,350,000 -2.1% $1,031 / Sq Ft
01/13/2025 01/13/25 Price Changed $2,399,999 -4.3% $1,053 / Sq Ft
09/18/2024 09/18/24 For Sale $2,506,900 -- $1,100 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,500,000 Ticor Title
Warranty Deed $900,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $23,030,000 Construction
Closed $1,067,074 Construction
Closed $19,797,527 Construction
Closed $19,797,527 Credit Line Revolving
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24504633

Regional Multiple Listing Service (RMLS)

APN: 00193702