NOT LISTED FOR SALE

553 2nd St Unit 208 Lake Oswego, OR 97034

Evergreen Neighborhood

Estimated Value: $1,068,000 - $1,311,000

2 Beds
3 Baths
1,712 Sq Ft
$598/mo HOA Fee

Last Sold October 14, 2020

Last sale price $897,000 $524 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $8,266/month

37 Days on Market

Highlights

  • Unit is on the top floor
  • Gated Community
  • Hydromassage or Jetted Bathtub
  • Forest Hills Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Rossman Park

About This Home

As of October 2020

Luxury one level living in First Addition's coveted 555 building. Enjoy being mere blocks from parks, the library, River access, hiking trails, the lake, restaurants, farmer's market, cafes, grocery stores and more. Bright corner unit w/soaring ceilings & walls of windows.High end quality finishes & two balconies. Mt Hood view & two luxurious suites on opposite ends of the unit. Community patio & gardens. Secure garage parking+large storage unit!

Last Agent to Sell the Property

Lauren Hasson

Cascade Hasson Sotheby's International Realty License #201202152 Listed on: 05/14/2020

Cascade Hasson Sotheby's International Realty

Co-Listed By

Leslie Mason

HomeSmart Realty Group License #201210968

Last Buyer's Agent

Sharon Storey

eXp Realty, LLC License #201106105

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,598

Year Built

  • Built in 2008

Lot Details

  • 915

HOA Fees

  • $598 per month

Parking

  • Attached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Deeded Parking
  • Controlled Entrance

Home Design

  • Slab Foundation
  • Stone Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • Hydromassage or Jetted Bathtub
  • 1-Story Property
  • High Ceiling
  • 1 Fireplace
  • Natural Light
  • First Floor Utility Room
  • Property Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Hallway
  • Accessibility Features
  • Accessible Entrance
  • Minimal Steps
  • Accessible Pathway
  • Accessible Parking

Outdoor Features

  • Covered Deck
  • Covered patio or porch

Location

  • Unit is on the top floor

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • Municipal Trash
  • High Speed Internet
  • Cable TV Available

Community Details

Security

  • Resident Manager or Management On Site
  • Gated Community

Additional Features

  • Maintained Community
  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,598

Year Built

Built in 2008

Lot Details

0

HOA Fees

$598 per month

Parking

1

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Condominium
  • Style: Custom Style
  • Sq Ft Calculated: 1712
  • Sq Ft Approximate Total: 1712
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 2008
  • Property Condition: Resale
  • Remarks Public: Luxury one level living in First Addition's coveted 555 building. Enjoy being mere blocks from parks, the library, River access, hiking trails, the lake, restaurants, farmer's market, cafes, grocery stores and more. Bright corner unit w/soaring ceilings & walls of windows.High end quality finishes & two balconies. Mt Hood view & two luxurious suites on opposite ends of the unit. Community patio & gardens. Secure garage parking+large storage unit!
  • New Construction Supplement: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Accessibility Features: One Level, Accessible Entrance, Minimal Steps, Natural Lighting, Parking, Pathway, Accessible Hallway(s), Main Floor Bedroom w/Bath, Utility Room On Main, Accessible Elevator Installed
  • Additional Room Features: Tile Floor, Engineered Hardwood
  • Additional Rooms: Entry, Laundry
  • All Room Features: Balcony, Bathroom, Eating Area, Fireplace, Gas Appliances, Gourmet Kitchen, Great Room, Island, Kitchen/Dining Room Combo, Suite, Tile Floor, Walk-in Shower, Walk in Closet, Wall to Wall Carpet, Granite, Engineered Hardwood
  • Main Level Bathrooms: 2.1
  • Total Bathrooms: 2.1
  • Elevator: Yes
  • Fireplace Description: Gas
  • Fireplaces: 1
  • Interior Amenities: Garage Door Opener, Hardwood Floors, Laundry, Tile Floor, Washer/Dryer, Wall to Wall Carpet, High Ceilings, Jetted Tub, Elevator, Granite
  • Kitchen Appliances: Microwave, Built-in Range, Dishwasher, Disposal, Gas Appliances, Island, Built-in Oven, Free-Standing Refrigerator, Granite, Stainless Steel Appliance(s)
  • Legal Description: CONDOMINIUM FIVE FIFTY-FIVE SECOND STREET CONDOMINIUMS 4253 UNIT
  • Sq Ft Main Level: 1712
  • Bedrooms: 2
  • Master Bedroom: Features: Balcony, Bathroom, Suite, Walk-in Shower, Walk in Closet, Wall to Wall Carpet,On Level: Main,Dimensions: 18x14
  • Bedroom 2: On Level: Main,Dimensions: 20x9
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Basement: None
  • Dining Room: Features: Kitchen/Dining Room Combo, Engineered Hardwood,On Level: Main
  • Living Room: Features: Balcony, Fireplace, Great Room, Engineered Hardwood,On Level: Main,Dimensions: 28x19
  • Kitchen: Features: Eating Area, Gas Appliances, Gourmet Kitchen, Island, Granite, Engineered Hardwood,On Level: Main,Dimensions: 14x9
  • Additional Room 1: Description: Laundry,Features: Tile Floor,On Level: Main,Dimensions: 5x5
  • Additional Room 2: Description: Entry,Features: Engineered Hardwood,On Level: Main,Dimensions: 16x4
  • Bathrooms Main Level Full: 2
  • Bathrooms Main Level Partial: 1
  • Total Bathrooms: 3

Exterior Features

  • Deck Available: Yes
  • Total Levels: 4
  • Total Number of Units: 30
  • Exterior Description: Cedar, Stone
  • Exterior Features: Covered Patio, Covered Deck
  • Roof Type: Composition
  • View: Mountain(s), Territorial, Trees/Woods
  • Foundation Details: Slab, Concrete Perimeter
  • View: Yes
  • Additional Structure Supplement: No
  • Road Surface: Paved

Garage/Parking

  • Garage Or Parking Spaces: 1
  • Garage Type: Attached, Shared
  • Parking Description: Secured, Deeded

Utilities

  • Condo Washer Dryer: Hookup Available
  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Heat Pump, Forced Air - 90%
  • Internet Service Type: Cable
  • Security: Entry

Condo/Co-op/Association

  • Condo Pet Policy: 2 Pets Under 60 Pounds
  • Storage Available: Yes
  • HOA Fees: 598
  • Condo Association: http://www.iwmhoa.com
  • Condo Association: http://Yes
  • Condo Garage Type: Attached
  • Condo Parking Space No: 40
  • Condo Rent Cap: Yes
  • Condo Storage Unit No: S-208
  • Condo Unit Level: 4
  • HOA Payment Frequency: Monthly
  • HOA: Yes
  • Unit Location: Upper Floor
  • Association Amenities: Cable TV, Commons, Exterior Maintenance, Trash, Gas, Heat, Insurance, Management, Sewer, Water, Gated, Maintenance Grounds

Association/Amenities

  • Amenities Supplement: No

Schools

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

Lot Info

  • Lot Description: Level
  • Farm Supplement: No
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Tax Info

  • Tax Amount: 9592.95
  • Assessor Parcel Number: 05021816
  • Tax Year: 2019

Multi Family

  • Non Owner Occ Supplement: No

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Storey Verle D and Storey Joint Revocable Trust
Bought by
Storey Verle D and Storey Kip M
Current Estimated Value
$1,202,873

Purchase Details

Closed on
Jul 7, 2020
Sold by
Xu Hongshi
Bought by
Storey Will M and Storey Verle D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2018
Sold by
Ju Manqing
Bought by
Xu Hongshi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 4, 2011
Sold by
555 Second Street Inc
Bought by
Xu Hongshi and Ju Manqing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Interest Rate
4.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Storey Verle D -- None Available
Storey Will M $897,000 Fidelity National Ttl Of Or
Xu Hongshi -- Fidelity National Ttl Of Or
Xu Hongshi -- None Available
Xu Hongshi $620,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Storey Will M $500,000
Previous Owner Xu Hongshi $100,000
Previous Owner Xu Hongshi $558,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2020 10/14/20 Sold $897,000 +0.8% $524 / Sq Ft
06/20/2020 06/20/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $890,000 -- $520 / 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
2023 $11,598 $586,164 $0 $0
2022 $10,924 $569,092 $0 $0
2021 $10,088 $552,517 $0 $0
2020 $9,835 $536,425 $0 $0
2019 $9,593 $520,801 $0 $0
2018 $9,122 $505,632 $0 $0
2017 $8,802 $490,905 $0 $0
2016 $8,012 $476,607 $0 $0
2015 $7,741 $462,725 $0 $0
2014 $7,328 $449,248 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lauren Hasson

    Seller's Agent in 2020

    Lauren Hasson

    Cascade Hasson Sotheby's International Realty

    (503) 635-9801

    10 in this area

    159 Total Sales

    Lauren Hasson
    Section Image

  • L

    Seller Co-Listing Agent in 2020

    Leslie Mason

    HomeSmart Realty Group

    Section Image
  • Sharon Storey

    Buyer's Agent in 2020

    Sharon Storey

    eXp Realty, LLC

    (503) 803-7785

    3 in this area

    20 Total Sales

    Sharon Storey
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20114569

Regional Multiple Listing Service (RMLS)

APN: 05021816

Oregon Clackamas County Lake Oswego 97034 Evergreen

553 2nd St Unit 208, Lake Oswego, OR

This home is located at 553 2nd St Unit 208, Lake Oswego, OR 97034 since 14 May 2020 and is currently estimated at $1,202,873, approximately $702 per square foot. This property was built in 2008. 553 2nd St Unit 208 is a home located in Clackamas County with nearby schools including Forest Hills Elementary School, Lake Oswego Junior High School, and Lake Oswego Senior High School.

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