$2,395,000

Estimated payment $14,418/month

Total Views 4,621
5 Beds
5 Baths
4,752 Sq Ft
$504 Price per Sq Ft

Highlights

  • Home Theater
  • View of Trees or Woods
  • Craftsman Architecture
  • Forest Hills Elementary School Rated A
  • Built-In Refrigerator
  • 4-minute walk to Rossman Park

About This Home

Tucked into the heart of First Addition, this custom-built home stands out with a rare combination of walkability, flexible living, and a dedicated studio space above the garage that opens the door for work, creativity, or guest use. Just blocks from Lake Oswego’s most sought-after restaurants, shops, and parks, this is the lifestyle buyers want. Park the car and enjoy everything LO has to offer. Inside, you’ll find over 4,700 square feet of well-designed living space with 5 bedrooms, multiple gathering areas, and a layout built for both entertaining and real life. Excellent sun exposure fills the home with natural light, while generous room sizes and clean flow create a warm, livable feel throughout. The kitchen anchors the home with high-end finishes, strong storage, and seamless connection to the main living spaces. It’s built for hosting and daily use. The detached garage with studio space above adds a level of flexibility that is hard to find in First Addition. Ideal for a home office, creative workspace, guest quarters, or private retreat. Upstairs, spacious bedrooms offer versatility for families, guests, or work-from-home setups. The full basement expands the lifestyle even further with a theater-style living room, bar area, and dedicated home gym space. It functions as a true extension of the home, built for entertaining, relaxing, and everyday use. Outside, the private yard is dialed in with turf for low maintenance living, backs to a rare paved alley, and benefits from strong sun exposure that enhances both the outdoor space and overall natural light inside the home. Location, functionality, and flexible bonus spaces make this a rare opportunity to own a substantial home in one of Lake Oswego’s most walkable neighborhoods. A strong value in First Addition. Experience it in person.

Listing Agent

Matthew Tercek

Real Broker Brokerage Email: matthew@tercekre.com License #201210228 Listed on: 03/19/2026

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,590

Year Built

  • Built in 2008

Lot Details

  • Fenced
  • Level Lot
  • Private Yard

Parking

  • 2 Car Detached Garage
  • Part of Garage Converted to Living Space
  • Driveway
  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 4,752 Sq Ft Home
  • 3-Story Property
  • Wainscoting
  • High Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Home Office
  • Views of Woods
  • Washer and Dryer
  • Finished Basement

Kitchen

  • Butlers Pantry
  • Built-In Oven
  • Free-Standing Gas Range
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • Soaking Tub

Outdoor Features

  • Patio
  • Porch

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 00194042

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,590

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 3
  • Year Built: 2008
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Craftsman
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 2395000.0
  • Open House: No
  • Room 11 Features: BuiltinRefrigerator,Dishwasher,EatBar,Pantry
  • Room 12 Features: BayWindow,BuiltinFeatures,Fireplace
  • Room 9 Features: BayWindow,BuiltinFeatures
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 5.0
  • Fireplaces: 2
  • Interior Amenities: CeilingFan, HighCeilings, SeparateLivingQuartersApartmentAuxLivingUnit, SoakingTub, TileFloor, Wainscoting, WalltoWallCarpet, WasherDryer, WoodFloors
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Lower
  • Room 5 Description: Office
  • Room 5 Level: Main
  • Room 6 Description: MediaRoom
  • Room 6 Level: Lower
  • Basement: Finished
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: BuiltinOven, BuiltinRefrigerator, ButlersPantry, Dishwasher, Disposal, FreeStandingGasRange, Granite, Microwave, Pantry
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 3
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 3.0
  • Lot Size Range: SqFt5000to6999
  • 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: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar
  • Exterior Features: Fenced, GuestQuarters, Patio, Porch, Yard
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Garage Type: Detached,PartiallyConvertedtoLivingSpace
  • Parking Description: Driveway, OffStreet
  • Attached Garage: No
  • 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

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size: 6,000
  • Parcel #: 00194042

Green Features

  • Green Certification: No

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 19590.33

Map

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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 $19,590 $1,022,348 -- --
2024 $19,068 $992,571 -- --
2023 $19,068 $963,662 $0 $0
2022 $17,959 $935,595 $0 $0
2021 $16,585 $908,345 $0 $0
2020 $16,169 $881,889 $0 $0
2019 $15,771 $856,203 $0 $0
2018 $14,997 $831,265 $0 $0
2017 $14,471 $807,053 $0 $0
2016 $13,172 $783,547 $0 $0
2015 $12,726 $760,725 $0 $0
2014 $12,561 $738,568 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2026 03/19/26 For Sale $2,395,000 -- $504 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Warranty Deed $1,200,000 Wfg Title
Warranty Deed $895,000 Fidelity Natl Title Co Of Or
Warranty Deed $450,000 Fidelity Natl Tile Of Or
Deed In Lieu Of Foreclosure -- Pacific Nw Title
Warranty Deed $525,000 Pacific Nw Title
Warranty Deed $395,000 Chicago Title Insurance Comp
Warranty Deed $275,000 First American
Quit Claim Deed -- --
Special Warranty Deed $11,950 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $329,880 Commercial
Previous Owner $750,000 Adjustable Rate Mortgage/ARM
Previous Owner $718,500 Seller Take Back
Previous Owner $393,750 Construction
Previous Owner $325,000 Purchase Money Mortgage
Previous Owner $52,500 Unknown
Previous Owner $240,000 Purchase Money Mortgage
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 397293582

Regional Multiple Listing Service (RMLS)

APN: 00194042

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