$1,388,500
SOLD MAY 9, 2025
5 Beds
4 Baths
3,129 Sq Ft
0.38 Acres

Recently Sold

$444 Per Sq Ft

1% Below List Price

15 Days on Market

Highlights

  • Deck
  • English Architecture
  • Corner Lot
  • Lakeridge Middle School Rated A
  • Wood Flooring
  • 2-minute walk to Lake Grove Swim Park

About This Home

As of May 2025

Nestled in one of Lake Oswego's most coveted neighborhoods, this exquisite cottage-inspired residence seamlessly blends timeless charm with modern luxury. Situated on a generous double lot, the property offers unparalleled privacy and exclusive access to four lake easements, providing a unique opportunity for serene lakeside living. Upon entering, you're welcomed into a light-filled great room where French doors open to an expansive outdoor deck, creating a harmonious indoor-outdoor flow ideal for both intimate gatherings and grand entertaining. Authentic divided light windows and rich hardwood floors throughout the main level enhance the home's warm and inviting ambiance. The gourmet kitchen, designed for culinary enthusiasts, features high-end appliances and seamlessly connects to the dining area. The main level also includes two well-appointed bedrooms, offering comfort and convenience. Ascending to the upper level, the primary suite serves as a private sanctuary with vaulted ceilings, custom built-ins, and a spa-like ensuite bath. An additional spacious bedroom and full bath complete this floor. The versatile lower level boasts a family/media room, an oversized bedroom or private office, and a full bath, perfect for guests or a dedicated retreat. An oversized double garage provides ample storage, while the property's exclusive access via private Graef Circle ensures tranquility and seclusion. With its prime location offering both privacy and convenience, along with direct lake access, this home epitomizes the best of luxury lakeside living in Lake Oswego. Don't miss this rare opportunity to own a distinguished property in one of Oregon's most desirable communities.

Last Agent to Sell the Property

Matthew Tercek

Real Broker License #201210228 Listed on: 03/28/2025

Real Broker

Last Buyer's Agent

Megan Tower

Earnest Real Estate License #201225532

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,533

Year Built

  • Built in 1953

Lot Details

  • Corner Lot
  • Gentle Sloping Lot
  • Sprinkler System
  • Private Yard
  • Garden

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Extra Deep Garage
  • Garage Door Opener
  • Driveway

Home Design

  • English Architecture
  • Cottage
  • Slab Foundation
  • Composition Roof
  • Shake Siding
  • Cedar

Interior Spaces

  • 3,129 Sq Ft Home
  • 3-Story Property
  • Sound System
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Natural lighting in basement
  • Laundry Room

Kitchen

  • Built-In Oven
  • Range Hood
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Deck
  • Patio

Schools

  • Westridge Elementary School
  • Lakeridge Middle School
  • Lakeridge High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 00243971

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,533

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 3
  • Year Built: 1953
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Cottage, English
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 1388500.0
  • Open House: No
  • Room 12 Features: BuiltinFeatures,Deck,FrenchDoors
  • Room 7 Features: Bathroom
  • Room 9 Features: Deck,FrenchDoors
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 4.0
  • Fireplaces: 1
  • Interior Amenities: CeilingFan, GarageDoorOpener, Granite, HardwoodFloors, HighCeilings, Laundry, SoundSystem, WalltoWallCarpet
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Main
  • Room 5 Description: _5thBedroom
  • Room 5 Level: Lower
  • Room 6 Description: Laundry
  • Room 6 Level: Lower
  • Basement: Daylight
  • Window Features: DoublePaneWindows
  • Appliances: BuiltinOven, Disposal, GasAppliances, Granite, RangeHood, StainlessSteelAppliance
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 2
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt7000to9999
  • Additional Room 10 Level: Lower
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar,ShakeSiding
  • Exterior Features: Deck, Garden, Patio, Sprinkler, Yard
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: CornerLot, GentleSloping
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached,ExtraDeep,Oversized
  • Parking Description: Driveway
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: Cable
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir90
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size: 9635
  • Parcel #: 00243971

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 12532.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2025
Closed on
May 9, 2025
Sold by
Rajani Family Trust and Rajani Bhavesh
Bought by
Truhan Valerie and Truhan Jonathan
Seller's Agent
Matthew Tercek
Real Broker
Buyer's Agent
Megan Tower
Earnest Real Estate
List Price
$1,399,000
Sold Price
$1,388,500
Premium/Discount to List
-$10,500
-0.75%
Views
52
Current Estimated Value
$1,396,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,196
Avg. Annual Appreciation
1.08%
Original Mortgage
$1,110,800
Outstanding Balance
$1,105,215
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$291,481

Purchase Details

Closed on
Apr 13, 2023
Sold by
Rajani Bhavesh
Bought by
Rajani Family Trust

Purchase Details

Listed on
Dec 22, 2018
Closed on
Mar 19, 2019
Sold by
Henderson Bruce Alan and Hanneman Susan Lynn
Bought by
Rajani Bhavesh and Rajani Shradha
Seller's Agent
Steve Kaer
Kaer Property Group
Buyer's Agent
Matthew Tercek
Real Broker
List Price
$995,000
Sold Price
$1,067,500
Premium/Discount to List
$72,500
7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$665,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 1998
Sold by
Hornung Kenneth E and Hornung Susan L
Bought by
Henderson Bruce A and Hanneman Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
6.68%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $1,388,500 First American Title
Special Warranty Deed -- None Listed On Document
Warranty Deed $832,500 Wfg Title
Warranty Deed $237,788 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,110,800 New Conventional
Previous Owner $665,000 New Conventional
Previous Owner $189,600 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2025 05/09/25 Sold $1,388,500 -0.8% $444 / Sq Ft
04/12/2025 04/12/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $1,399,000 +31.1% $447 / Sq Ft
03/28/2019 03/28/19 Sold $1,067,500 +7.3% $341 / Sq Ft View Prior Sale
02/14/2019 02/14/19 Pending -- -- --
12/21/2018 12/21/18 For Sale $995,000 -- $318 / 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
2025 $12,876 $670,483 -- --
2024 $12,533 $650,955 -- --
2023 $12,533 $631,996 $0 $0
2022 $11,804 $613,589 $0 $0
2021 $10,902 $595,718 $0 $0
2020 $10,628 $578,367 $0 $0
2019 $10,367 $561,522 $0 $0
2018 $9,858 $545,167 $0 $0
2017 $9,512 $529,288 $0 $0
2016 $8,660 $513,872 $0 $0
2015 $8,367 $498,905 $0 $0
2014 $9,625 $564,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 445094668

Regional Multiple Listing Service (RMLS)

APN: 00243971