$1,355,000

Estimated payment $8,470/month

Total Views 10,745
4 Beds
2.5 Baths
3,346 Sq Ft
$405 Price per Sq Ft

Highlights

  • Hot Property
  • Vaulted Ceiling
  • Home Office
  • River Grove Elementary School Rated A+
  • Wood Flooring
  • Covered Patio or Porch

About This Home

Designed by a Street of Dreams builder and architect, this Lake Oswego retreat blends artistry, comfort, and thoughtful design. Expansive windows and soaring ceilings fill the home with natural light, connecting elegant interior spaces with a covered outdoor oasis surrounded by lush gardens. The gourmet kitchen, timeless finishes, and access to the neighborhood’s private one-acre park make this a true dream home for those who value craftsmanship and serenity. Owner is a licensed Oregon broker. Welcome to 5513 Rachel Lane, a one-of-a-kind Lake Oswego retreat designed by a Street of Dreams builder and architect, where craftsmanship, comfort, and connection come together effortlessly. Perfectly positioned within the sought-after Pilkington Glen neighborhood, this home surrounds a peaceful one-acre private park shared only by the nearby residents, creating a sense of community, privacy, and calm that defines the best of Lake Oswego living.Step inside and experience natural light at every turn, with soaring ceilings, expansive windows, and a layout designed for both beauty and function. The open concept main level invites gathering and relaxation with a warm great room featuring a gas fireplace, built-ins, and hardwood floors. The gourmet kitchen anchors the space with granite counters, built-in oven and microwave, gas cooktop with pot filler, and a large island perfect for entertaining.A beautiful main level office with near floor-to-ceiling windows provides the perfect workspace or reading nook. Upstairs, the primary suite offers vaulted ceilings, skylights, and a spa-inspired bath with jetted tub, dual vanities, and two generous walk-in closets. Three additional bedrooms and a large bonus room add flexibility for guests, hobbies, or media.The covered outdoor living area overlooks the lush backyard, ideal for relaxing or dining al fresco, while the front yard water feature and mature landscaping set the tone for the home’s timeless appeal. Recent updates include a new HVAC system (2024), large gutters and downspouts with drain guards (2023), and a new water heater (2022).As a longtime Oregon real estate professional, I’m honored to represent this exceptional property and the lifestyle it offers where thoughtful design meets enduring quality. Schedule your private showing today to see why homes like this rarely come to market. Owner is a licensed Oregon broker.Listed by Donna Jo Merrifield, Epique Realty • 541-981-1436

Listing Agent

DONNA JO MERRIFIELD

EPIQUE REALTY License #971200102 Listed on: 10/29/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,315

Year Built

  • Built in 2008

Lot Details

  • 7,002 Sq Ft Lot
  • Lot Dimensions are 67x104.5
  • Fenced Yard
  • Landscaped
  • Sprinkler System
  • Property is zoned R-7.5

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Cedar Siding
  • Stone Siding

Interior Spaces

  • 3,346 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Living Room with Fireplace
  • Home Office
  • First Floor Utility Room
  • Security System Owned

Kitchen

  • Convection Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Lakeridge Middle School
  • Lakeridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • Pilkington Glen Subdivision

Listing and Financial Details

  • Exclusions: 1 showerhead in Primary bathroom
  • Tax Lot 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,315

Year Built

Built in 2008

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Class: Residential
  • Hoa Fee Frequency: Annually
  • Type: Residence
  • Home Style: 2 Story
  • Home Warranty: Negotiable
  • Range Facility: Gas, Built-In, Microwave Included, Range Included, Convection
  • Syndicated Remarks: Designed by a Street of Dreams builder and architect, this Lake Oswego retreat blends artistry, comfort, and thoughtful design. Expansive windows and soaring ceilings fill the home with natural light, connecting elegant interior spaces with a covered outdoor oasis surrounded by lush gardens. The gourmet kitchen, timeless finishes, and access to the neighborhood’s private one-acre park make this a true dream home for those who value craftsmanship and serenity. Owner is a licensed Oregon broker. Welcome to 5513 Rachel Lane, a one-of-a-kind Lake Oswego retreat designed by a Street of Dreams builder and architect, where craftsmanship, comfort, and connection come together effortlessly. Perfectly positioned within the sought-after Pilkington Glen neighborhood, this home surrounds a peaceful one-acre private park shared only by the nearby residents, creating a sense of community, privacy, and calm that defines the best of Lake Oswego living.Step inside and experience natural light at every turn, with soaring ceilings, expansive windows, and a layout designed for both beauty and function. The open concept main level invites gathering and relaxation with a warm great room featuring a gas fireplace, built-ins, and hardwood floors. The gourmet kitchen anchors the space with granite counters, built-in oven and microwave, gas cooktop with pot filler, and a large island perfect for entertaining.A beautiful main level office with near floor-to-ceiling windows provides the perfect workspace or reading nook. Upstairs, the primary suite offers vaulted ceilings, skylights, and a spa-inspired bath with jetted tub, dual vanities, and two generous walk-in closets. Three additional bedrooms and a large bonus room add flexibility for guests, hobbies, or media.The covered outdoor living area overlooks the lush backyard, ideal for relaxing or dining al fresco, while the front yard water feature and mature landscaping set the tone for the home’s timeless appeal. Recent updates include a new HVAC system (2024), large gutters and downspouts with drain guards (2023), and a new water heater (2022).As a longtime Oregon real estate professional, I’m honored to represent this exceptional property and the lifestyle it offers where thoughtful design meets enduring quality. Schedule your private showing today to see why homes like this rarely come to market. Owner is a licensed Oregon broker.Listed by Donna Jo Merrifield, Epique Realty • 541-981-1436
  • Cross Street: Pilkington
  • Year Built: 2008
  • Home Style2: 2 Story
  • Special Features: OpenHouse
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: 1 showerhead in Primary bathroom
  • Fireplace: Living Room, Gas
  • Negotiable Inclusions: Washer/Dryer and/or possibly some furniture
  • Flooring: Carpet, Wood, Tile
  • Total Bathrooms: 2.5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms: 4
  • Master Bedroom: On Level: 2/Upper
  • Bedroom 2: On Level: 2/Upper
  • Bedroom 3: On Level: 2/Upper
  • Bedroom 4: On Level: 2/Upper
  • Additional Room: On Level: 1/Main
  • Dining Room: 1/Main, On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Office
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Patio, Covered Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Cedar, Rock
  • Siding Style: Lap

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Heating/Cooling: Gas, Central Ac, Heat Pump, Forced Air
  • High Speed Comm Access: Present
  • Security System: Owned
  • Sewer City: Yes
  • Water: Connected, City
  • Water Heater: Gas

Condo/Co-op/Association

  • Homeowners Assn: Association With Fee

Fee Information

  • HOA Fees: 800

Lot Info

  • Acres: 0.16
  • Estimated Lot Dimensions: 67x104.5
  • Estimated Lot Sq Ft: 7002
  • Lot: 2
  • Lot Type: Dimension Above
  • Underground Sprinklers: Yes
  • Zoning: R-7.5
  • Geo Subdivision: OR

Green Features

  • Smart Home Features: Yes (Refer to Remarks)

Tax Info

  • Tax Years: 2024
  • Tax Amount: 15315

MLS Schools

  • HighSchool: Lakeridge
  • Middle School: Lakeridge

Matterport 3D Tour

Map

Range of Values:

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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
2025 $15,735 $819,343 -- --
2024 $15,315 $795,479 -- --
2023 $15,315 $772,310 $0 $0
2022 $14,424 $749,816 $0 $0
2021 $13,322 $727,977 $0 $0
2020 $12,988 $706,774 $0 $0
2019 $12,668 $686,189 $0 $0
2018 $12,047 $666,203 $0 $0
2017 $11,624 $646,799 $0 $0
2016 $10,583 $627,960 $0 $0
2015 $10,224 $609,670 $0 $0
2014 $10,092 $591,913 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2025 10/29/25 For Sale $1,355,000 +31.6% $405 / Sq Ft
02/24/2021 02/24/21 Sold $1,030,000 -1.8% $309 / Sq Ft View Prior Sale
01/05/2021 01/05/21 Pending -- -- --
12/07/2020 12/07/20 For Sale $1,049,000 -- $315 / Sq Ft
Source: Willamette Valley MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,030,000 Wfg Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Stewart Title
Warranty Deed $749,500 Ticor Title
Bargain Sale Deed $290,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $875,500 New Conventional
Previous Owner $657,845 VA
Previous Owner $664,500 VA
Source: Public Records

About the Listing Agent

DONNA JO MERRIFIELD

EPIQUE REALTY

(971) 314-0453

Section Image

I'm an expert real estate principal broker and manager with over 33 years experience specializing in CORVALLIS and ALBANY, OR, with experience all over the Willamette Valley and the nearby areas from Portland, OR to Eugene and Springfield, OR. I provide home-buyers and sellers with professional, responsive and attentive real estate services with a touch of fun. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells?

DONNA JO's Other Listings

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    • 2 Baths
    • 1,969 Sq Ft
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    Sought-after single-level living in Lake Oswego! Freshly painted exterior, 3-car garage & a peaceful setting surrounded by trees. Inside, beautiful cherry wood floors feature a premium light-adaptive finish that subtly responds to light, then returns to their rich natural tone, preserving color & lasting beauty. Enjoy nearby parks, scenic walking trails or relax on the large covered deck with

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  • 23998 Highway 20, Philomath, OR 97370

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    Tucked away on nearly 10 peaceful acres west of Philomath, this 4-bed, 2-bath home offers comfortable country living surrounded by trees, open land, and a seasonal creek. Enjoy an orchard, areas for gardens, livestock, or a shop or barn, and the setting of a property where a natural spring is believed to still flow. The 2013-built home features an open layout, large kitchen, and covered deck

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  • 8354 NW Skyline Blvd, Portland, OR 97229

    $576,000 Sold May 30, 2025

    • 2 Beds
    • 1 Bath
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    • Portland, OR

    Charming Skyline retreat! This thoughtfully upgraded 2 bed, 1 bath home is tucked into a serene 1-acre setting that backs into Forest Park. Solid concrete block construction with concrete floors, a new fireplace insert, upgraded appliances. The property has been opened up with a little tree clearing, includes greenhouses to enhance usability—perfect for gardening, relaxing, or enjoying the forest

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  • 1762 NW Jacie Way, McMinnville, OR 97128

    $640,000 Sold May 27, 2025

    • 3 Beds
    • 2.5 Baths
    • 2,580 Sq Ft
    • 1762 NW Jacie Way
    • McMinnville, OR

    Corner-lot beauty in desirable McMinnville neighborhood! Bright open layout w/ wood floors, new upgraded carpet, gas fireplace, A/C (HVAC less than 3 yrs old) & thoughtful updates. Sunny office/art studio + 3 large bedrooms w/ spacious closets & ample storage throughout. Garden year-round w/ new raised beds & greenhouse. Private yard & patio ideal for relaxing or entertaining. Minutes to shops,

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  • 3185 14th Ave SE, Albany, OR 97322

    $405,000 Sold Aug 18, 2025

    • 3 Beds
    • 1.5 Baths
    • 1,327 Sq Ft
    • 3185 14th Ave SE
    • Albany, OR

    This well-maintained 3-bedroom, 1.5-bath single-level home sits on a spacious 0.23-acre lot in one of Albany’s most desirable neighborhoods. Enjoy modern comfort with central heating and air, plus a brand-new water heater installed just two months ago. Inside, the open living and dining area is perfect for gathering, complete with a cozy fireplace. The private backyard offers ample space for

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  • 2722 Geary St SE, Albany, OR 97322

    $300,000 Sold May 20, 2025

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    • 2722 Geary St SE
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    Spacious home sits on a large corner lot & offers great potential for the right buyer. Featuring wood floors & functional layout, it’s ready for someone to roll up their sleeves & make it shine. Whether you're looking for a home you can move into & update over time, planning to use a rehab loan, or you're an investor searching for your next project—this property offers solid opportunity at a

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  • 2622 26th Loop, Springfield, OR 97477

    $449,000 Sold Aug 15, 2025

    • 3 Beds
    • 2 Baths
    • 1,630 Sq Ft
    • 2622 26th Loop
    • Springfield, OR

    Better than new and ready now in Marcola Meadows Phase 4! Located on an established, quiet street with no ongoing construction, this home offers comfort, convenience, and thoughtful upgrades throughout. The landscaped, fully fenced backyard features underground sprinklers, patio space, and added privacy from mature neighboring trees. Inside, enjoy a gas range, refrigerator, washer, dryer, quartz

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Source: Willamette Valley MLS

MLS Number: 834944

Willamette Valley MLS

APN: 05018985