NOT LISTED FOR SALE

5550 Bay Creek Dr Lake Oswego, OR 97035

Oak Creek Neighborhood

Estimated Value: $935,000 - $1,141,000

4 Beds
2.5 Baths
2,449 Sq Ft
$422/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $925,000 $378 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,610/month

6 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Wood Flooring
  • Oak Creek Elementary School Rated A+
  • Traditional Architecture
  • 2 Fireplaces

About This Home

As of June 2022

Classic home in popular Westlake. Bright & airy with updated kitchen and spacious family room. Path directly across the street leads to 3 acres of grassy green space. New furnace & A/C (2021), fresh interior paint & loads of storage off upstairs bedroom. Serene water feature in back yard invites you to entertain on your expansive deck. Great location steps from recently remodeled Oak Creek Elementary, neighborhood park, freeways and enjoy all the restaurants at newly opened Mercado Grove.

Last Listed By

Jennifer Noble

Windermere Realty Trust License #960200161 Listed on: 05/24/2022

Windermere Realty Trust

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,081

Year Built

  • Built in 1991

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced
  • Sprinkler System
  • Private Yard

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Cedar

Interior Spaces

  • 2,449 Sq Ft Home
  • 2-Story Property
  • Wainscoting
  • Vaulted Ceiling
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Separate Formal Living Room
  • Dining Room
  • First Floor Utility Room
  • Crawl Space

Kitchen

  • Built-In Oven
  • Gas Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Cooking Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Accessible Home Design

  • Accessibility Features

Outdoor Features

  • Deck
  • Outdoor Water Feature

Schools

  • Oak Creek Elementary School
  • Lake Oswego Middle School
  • Lake Oswego High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01462189

Community Details

Overview

  • Southridge Heights Home Owners Association, Phone Number (971) 998-2867

Amenities

  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,081

Year Built

Built in 1991

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 1991
  • Property Condition: Approximately
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Traditional
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 10 Features: Fireplace
  • Room 11 Features: CookIsland,Dishwasher,GasAppliances,Microwave
  • Room 12 Features: BayWindow,Fireplace,Formal
  • Room 13 Features: BayWindow,Coved
  • Room 7 Features: ClosetOrganizer,Storage
  • Room 8 Features: ClosetOrganizer
  • Room 9 Features: Formal
  • Special Features: None

Interior Features

  • Accessibility Features: UtilityRoomOnMain
  • Total Bathrooms: 2.1
  • Fireplaces: 2
  • Interior Amenities: Granite, HardwoodFloors, TileFloor, VaultedCeiling, Wainscoting, WalltoWallCarpet
  • Room 4 Description: _4thBedroom
  • Room 4 Features: ClosetOrganizer
  • Room 4 Level: Upper
  • Basement: CrawlSpace
  • Appliances: BuiltinOven, CookIsland, Cooktop, Dishwasher, Disposal, GasAppliances, Granite, Microwave, StainlessSteelAppliance
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas, WoodBurning
  • Fireplace: Yes
  • Association Contact: Alexi Lamadrid
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt7000to9999
  • Other Room10 Area: 256
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Fourth Bedroom Area: 110
  • Bedroom 7 Area: 168
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Other Room8 Area: 168
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Other Room9 Area: 168
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar
  • Exterior Features: Deck, Fenced, Sprinkler, WaterFeature, Yard
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: Commons
  • Senior Community: No
  • Association Fee: 600.0
  • Association Fee Frequency: Annually
  • Association Name: Southridge Heights Home Owners Association
  • Phone: 971-998-2867
  • Association: Yes
  • Association Email: tbd

Association/Amenities

  • AssociationAddress: 5450 Bay Creek Drive, Lake Oswego 97035
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Oak Creek
  • High School: Lake Oswego
  • Middle Or Junior School: Lake Oswego

Lot Info

  • Farm: No
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 01462189

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 8081.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Jun 23, 2022
Sold by
Alan Wilkie Kurt and Lefton Lisa
Bought by
Tesoriero Andrew R and Tesoriero Faith D
Seller's Agent
Jennifer Noble
Windermere Realty Trust
Buyer's Agent
Dirk Hmura
The Agency Portland
List Price
$915,000
Sold Price
$925,000
Premium/Discount to List
$10,000
1.09%
Total Days on Market
6
Current Estimated Value
$1,033,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,633
Avg. Annual Appreciation
2.61%
Original Mortgage
$786,250
Outstanding Balance
$757,406
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$239,304

Purchase Details

Closed on
Aug 25, 2000
Sold by
Hudson Geoffrey J and Hudson Ann Lobdell
Bought by
Wilkie Kurt Alan and Wilkie Lisa Lefton

Purchase Details

Closed on
Mar 16, 1998
Sold by
Ramirez Frank P and Ramirez Diana C
Bought by
Hudson Geoffrey J and Hudson Ann Lobdell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,680
Interest Rate
7.11%

Purchase Details

Closed on
Feb 22, 1997
Sold by
Brown Sydney T and Brown Sherida J
Bought by
Ramirez Frank P and Ramirez Diana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
7.25%

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
Tesoriero Andrew R $925,000 New Title Company Name
Wilkie Kurt Alan $355,000 First American Title Ins Co
Hudson Geoffrey J $325,000 Fidelity National Title Co
Ramirez Frank P $310,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tesoriero Andrew R $786,250
Previous Owner Hudson Geoffrey J $287,680
Previous Owner Ramirez Frank P $279,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $925,000 +1.1% $378 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $915,000 -- $374 / 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 $9,290 $468,459 $0 $0
2022 $8,749 $454,815 $0 $0
2021 $8,081 $441,568 $0 $0
2020 $7,878 $428,707 $0 $0
2019 $7,684 $416,221 $0 $0
2018 $7,307 $404,098 $0 $0
2017 $7,051 $392,328 $0 $0
2016 $6,419 $380,901 $0 $0
2015 $6,202 $369,807 $0 $0
2014 $6,122 $359,036 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Noble

    Seller's Agent in 2022

    Jennifer Noble

    Windermere Realty Trust

    (503) 636-5000

    31 in this area

    105 Total Sales

    Jennifer Noble
    Section Image
  • Dirk Hmura

    Buyer's Agent in 2022

    Dirk Hmura

    The Agency Portland

    (503) 740-0070

    1 in this area

    446 Total Sales

    Dirk Hmura
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22601600

Regional Multiple Listing Service (RMLS)

APN: 01462189

Oregon Clackamas County Lake Oswego 97035 Oak Creek

5550 Bay Creek Dr, Lake Oswego, OR

Homes for Sale in Lake Oswego, OR

This home is located at 5550 Bay Creek Dr, Lake Oswego, OR 97035 since 24 May 2022 and is currently estimated at $1,033,633, approximately $422 per square foot. This property was built in 1991. 5550 Bay Creek Dr is a home located in Clackamas County with nearby schools including Oak Creek Elementary School, Lake Oswego Junior High School, and Lake Oswego Senior High School.

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