535 2nd St Lake Oswego, OR 97034
Evergreen NeighborhoodEstimated payment $6,314/month
Highlights
- Gated Community
- Contemporary Architecture
- High Ceiling
- Forest Hills Elementary School Rated A
- Wood Flooring
- 3-minute walk to Rossman Park
About This Home
Perfectly situated just a few blocks from the shores of Oswego Lake in the highly sought-after First Addition neighborhood, this pristine downtown Lake Oswego condominium offers the rare combination of luxury, simplicity, and true walkable lifestyle. Known for its vibrant sense of community, charming streets and rich culture including local theatre, arts, and year-round events, First Addition is one of Lake Oswego’s most beloved places to live. Lovingly maintained by its original owner and used only a few months out of the year to escape Southern summers, the home remains in remarkably like-new condition and has been virtually untouched since 2020. Inside, the thoughtfully designed 2 bedroom, 2 bath layout offers approximately 1,025 square feet of light-filled living space with an open flow ideal for both everyday comfort and effortless entertaining. The home is perfectly sized for an executive lifestyle, a lock-and-leave retreat, or anyone seeking the ease of low-maintenance living in one of Lake Oswego’s most desirable locations. Step outside and enjoy one of the most vibrant downtown districts in the region. From morning coffee to evening wine, some of downtown’s favorite destinations are just a short stroll away, including Baird’s on B, Salt & Straw, Bamboo Sushi, Holy Taco, Five Spice, and Domaine Serene’s tasting room. Residents enjoy the security and convenience of gated access, assigned parking space and additional storage. With Oswego Lake, parks, boutique shopping, restaurants, farmers markets, and cultural amenities just blocks away, this home offers the perfect blend of peaceful living and vibrant downtown energy. A rare opportunity to enjoy Lake Oswego living in a beautifully preserved home that truly feels like new.
Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 503-250-0667 License #940600208 Listed on: 03/12/2026
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,291
Year Built
- Built in 2007
Lot Details
- Fenced
- Sprinkler System
HOA Fees
- $634 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Secured Garage or Parking
- Deeded Parking
Home Design
- Contemporary Architecture
- Composition Roof
- Stone Siding
- Cedar
Interior Spaces
- 1,025 Sq Ft Home
- 1-Story Property
- High Ceiling
- Electric Fireplace
- Vinyl Clad Windows
- Family Room
- Combination Dining and Living Room
- First Floor Utility Room
Kitchen
- Built-In Oven
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Soaking Tub
- Walk-in Shower
Laundry
- Laundry in unit
- Washer and Dryer
Home Security
- Intercom Access
- Home Security System
Accessible Home Design
- Accessible Elevator Installed
- Accessible Hallway
- Handicap Accessible
- Accessibility Features
- Level Entry For Accessibility
- Accessible Entrance
- Minimal Steps
- Accessible Parking
Schools
- Forest Hills Elementary School
- Lake Oswego Middle School
- Lake Oswego High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heat Pump System
- Gas Available
- Gas Water Heater
- Municipal Trash
Additional Features
- Patio
- Ground Level
Listing and Financial Details
- Assessor Parcel Number 05021805
Community Details
Overview
- 30 Units
- First Addition, 1St Addition Subdivision
- On-Site Maintenance
Amenities
- Community Deck or Porch
- Common Area
- Community Storage Space
Security
- Resident Manager or Management On Site
- Gated Community
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 |
|---|---|---|---|---|
| 2025 | $7,291 | $380,489 | -- | -- |
| 2024 | $7,097 | $369,407 | -- | -- |
| 2023 | $7,097 | $358,648 | $0 | $0 |
| 2022 | $6,684 | $348,202 | $0 | $0 |
| 2021 | $6,173 | $338,061 | $0 | $0 |
| 2020 | $6,018 | $328,215 | $0 | $0 |
| 2019 | $5,870 | $318,656 | $0 | $0 |
| 2018 | $5,582 | $309,375 | $0 | $0 |
| 2017 | $5,386 | $300,364 | $0 | $0 |
| 2016 | $4,902 | $291,616 | $0 | $0 |
| 2015 | $4,736 | $283,122 | $0 | $0 |
| 2014 | $4,477 | $274,876 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $974,900 | -- | $951 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | None Listed On Document | |
| Bargain Sale Deed | -- | None Listed On Document | |
| Warranty Deed | $425,600 | Fidelity Natl Title Co Of Or |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 515294060
APN: 05021805
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Ask me questions while you tour the home.