NOT LISTED FOR SALE

961 Terrace Dr Lake Oswego, OR 97034

McVey-South Shore Neighborhood

Estimated Value: $3,063,000 - $3,800,000

5 Beds
6 Baths
6,016 Sq Ft
$561/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $2,460,000 $409 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $23,153/month

96 Days on Market

Highlights

  • Community Boat Slip
  • Docks
  • Waterfront
  • Hallinan Elementary School Rated A
  • Access To Lake
  • Deck

About This Home

As of December 2020

Lake Oswego French Country style w/ gorgeous lake views & deeded boat slip for immediate lake access. Timeless design w/ open beams, master craftsman woodwork, built-ins & HW flrs. Renovated gourmet kitchen w/ butler pantry opens to large tiled deck w/ serene lake views. Water views from luxurious main floor master, living, family and dining. Spacious private office w/fireplace. Enjoy main lake activities from private neighborhood dock w/calm swim area & slide. Boat to downtown LO amenities.

Last Agent to Sell the Property

Steve Kaer

Kaer Property Group License #791100095 Listed on: 09/02/2020

Last Buyer's Agent

Steve Kaer

Kaer Property Group License #791100095 Listed on: 09/02/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,965

Year Built

  • Built in 2000

Lot Details

  • Waterfront
  • Private Lot
  • Sprinkler System
  • Landscaped with Trees
  • Property is zoned R-15

HOA Fees

  • $208 per month

Parking

  • Attached Garage
  • Oversized Parking
  • Tandem Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Soaking Tub
  • 2-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • 4 Fireplaces
  • Double Pane Windows
  • Wood Flooring
  • Laundry Room
  • Property Views

Accessible Home Design

  • Accessibility Features

Outdoor Features

  • Access To Lake
  • Docks
  • Deck
  • Covered patio or porch

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

Recreation

  • Community Boat Slip

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,965

Year Built

Built in 2000

Lot Details

0

HOA Fees

$208 per month

Parking

3

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Style: Country French, Traditional
  • Sq Ft Calculated: 4008
  • Sq Ft Approximate Total: 6016
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 2000
  • Property Condition: Resale
  • Remarks Public: Lake Oswego French Country style w/ gorgeous lake views & deeded boat slip for immediate lake access. Timeless design w/ open beams, master craftsman woodwork, built-ins & HW flrs. Renovated gourmet kitchen w/ butler pantry opens to large tiled deck w/ serene lake views. Water views from luxurious main floor master, living, family and dining. Spacious private office w/fireplace. Enjoy main lake activities from private neighborhood dock w/calm swim area & slide. Boat to downtown LO amenities.
  • New Construction Supplement: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Accessibility Features: Main Floor Bedroom w/Bath
  • Additional Room Features: Bathroom, Bookcases, Ceiling Fan(s), Deck, Fireplace, Hardwood Floors, Skylight(s), Wet Bar, Wall to Wall Carpet
  • Additional Rooms: Office, 4th Bedroom, Guest Quarters
  • All Room Features: Appliance Garage, Bathroom, Beamed Ceilings, Built-in Features, Bookcases, Ceiling Fan(s), Deck, Fireplace, French Doors, Gas Appliances, Hardwood Floors, Instant Hot Water, Island, Pantry, Skylight(s), Vaulted Ceiling(s), Wet Bar, Walk in Closet, Wall to Wall Carpet, High Ceilings, Plumbed For Ice Maker, Granite
  • Lower Level Bathrooms: 2.0
  • Main Level Bathrooms: 1.2
  • Total Bathrooms: 4.2
  • Fireplace Description: Gas
  • Fireplaces: 4
  • Interior Amenities: Central Vacuum, Ceiling Fan(s), Garage Door Opener, Hardwood Floors, Laundry, Vaulted Ceiling(s), High Ceilings, Soaking Tub, Separate Living Quarters/Apartment/Aux Living Unit, Wood Floors, Granite, 3rd Floor
  • Kitchen Appliances: Built-in Refrigerator, Dishwasher, Island, Pantry, Built-in Oven, Plumbed For Ice Maker, Butler's Pantry, Granite, Wine Cooler, Stainless Steel Appliance(s), Range Hood, Pot Filler
  • Legal Description: 2972 THE TERRACE LT 6
  • Sq Ft Lower Level: 2008
  • Sq Ft Main Level: 3563
  • Upper Level Sq Ft: 445
  • Bedrooms: 5
  • Master Bedroom: Features: Bathroom, Built-in Features, Deck, Fireplace, Wall to Wall Carpet, High Ceilings,On Level: Main,Dimensions: 19x16
  • Bedroom 2: On Level: Lower,Dimensions: 16x12
  • Bedroom 3: On Level: Lower,Dimensions: 12x11
  • Full Bathrooms: 4
  • Partial Bathrooms: 2
  • Dining Room: Features: Built-in Features, Hardwood Floors, Granite,On Level: Main,Dimensions: 16x14
  • Family Room: Features: Built-in Features, Deck, Fireplace, Hardwood Floors,On Level: Main,Dimensions: 24x23
  • Living Room: Features: Beamed Ceilings, Deck, Fireplace, French Doors, Hardwood Floors, Vaulted Ceiling(s),On Level: Main,Dimensions: 24x16
  • Kitchen: Features: Appliance Garage, Gas Appliances, Instant Hot Water, Island, Pantry, Plumbed For Ice Maker,On Level: Main,Dimensions: 19x14
  • Additional Room 1: Description: 4th Bedroom,Features: Wall to Wall Carpet,On Level: Lower,Dimensions: 14x13
  • Additional Room 2: Description: Guest Quarters,Features: Bathroom, Ceiling Fan(s), Skylight(s),On Level: Upper
  • Additional Room 3: Description: Office,Features: Bookcases, Ceiling Fan(s), Deck, Fireplace, Hardwood Floors, Wet Bar,On Level: Lower,Dimensions: 25x12
  • Bathrooms Lower Level Full: 2
  • Bathrooms Main Level Full: 1
  • Bathrooms Main Level Partial: 2
  • Total Bathrooms: 6
  • Bathrooms Upper Level Full: 1
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Description: Brick, Wood Siding
  • Exterior Features: Covered Patio, Deck, Patio, Sprinkler, Dock
  • Lot Size: 15K-19,999SF
  • Lot Dimensions: 193x90x199x90
  • Roof Type: Shake
  • View: Lake
  • Waterfront Description: Lake
  • Waterfront: Yes
  • Water Name: Lake Oswego
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Additional Structure Supplement: No
  • Road Surface: Paved

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Garage Type: Attached, Oversized, Tandem
  • Parking Description: Driveway, Off Street

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air

Condo/Co-op/Association

  • HOA Fees: 2500
  • HOA Payment Frequency: Annually
  • HOA: Yes
  • Other Payment Freq: Annually
  • Association Amenities: Management, Boat Slip, Lake Easement

Association/Amenities

  • Amenities Supplement: No

Schools

  • Elementary School: Hallinan
  • Middle School: Lakeridge
  • High School: Lakeridge

Lot Info

  • Lot Description: Private, Trees
  • Acres: 0.41
  • Zoning: R-15
  • Farm Supplement: No
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Multi Family

  • Other Fee: 2600
  • Non Owner Occ Supplement: No

Tax Info

  • Tax Amount: 40497.42
  • Assessor Parcel Number: 01503616
  • Tax Year: 2019

MLS Schools

  • Elementary School: Hallinan
  • High School: Lakeridge
  • Middle School: Lakeridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Dec 15, 2020
Sold by
Gibbons Sarah E and Gibbons Stephen W
Bought by
Brixey Clark Jonathan and Brixey Anupama Gupta
Seller's Agent
Steve Kaer
Kaer Property Group
Buyer's Agent
Steve Kaer
Kaer Property Group
List Price
$2,899,000
Sold Price
$2,460,000
Premium/Discount to List
-$439,000
-15.14%
Current Estimated Value
$3,460,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,000,695
Avg. Annual Appreciation
7.30%
Original Mortgage
$2,091,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2017
Closed on
Jan 3, 2020
Sold by
Shedrick Dirks H and Shedrick Dirks Carol
Bought by
Gibbons Sarah E and Gibbons Stephen W
Seller's Agent
Cathleen Walker
Walker Properties Residential
Buyer's Agent
Steve Kaer
Kaer Property Group
List Price
$2,700,000
Sold Price
$2,700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.53%
Original Mortgage
$2,160,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2015
Sold by
Dirks H John
Bought by
Dirks H John and Shedrick Dirks Carol

Purchase Details

Closed on
Sep 27, 2012
Sold by
Goldstick Gerson H and Goldstick Carol J
Bought by
Dirks H John and Dirks Jo Ann

Purchase Details

Closed on
Feb 13, 2004
Sold by
Goldstick Gerson H and Goldstick Carol J
Bought by
Goldstick Gerson H and Goldstick Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 30, 2004
Sold by
Goldstick Gerson H and Goldstick Carol R
Bought by
Goldstick Gerson H and Goldstick Carol R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 24, 2001
Sold by
Goldstick Gerson H and Goldstick Carol J
Bought by
Goldstick Gerson H and Goldstick Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,900
Interest Rate
6.87%

Purchase Details

Closed on
Dec 28, 1998
Sold by
Goldstick Gerson H and Goldstick Carol J
Bought by
Goldstick Gerson H and Goldstick Carol J

Purchase Details

Closed on
Nov 18, 1996
Sold by
Ross James Nelson and Ross Gaye Ann
Bought by
Goldstick Gerson H and Goldstick Carol Jane
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
Brixey Clark Jonathan $2,460,000 Wfg Title
Gibbons Sarah E $2,700,000 Fidelity National Ttl Of Or
Dirks H John -- None Available
Dirks H John $2,500,000 Fidelity Natl Title Co Of Or
Goldstick Gerson H -- --
Goldstick Gerson H -- Transnation Title Agency Or
Goldstick Gerson H -- Transnation Title Insurance
Goldstick Gerson H -- --
Goldstick Gerson H $325,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brlxey Anupama Gupta $2,000,000
Closed Brixey Clark Jonathan $2,091,000
Previous Owner Gibbons Sarah E $2,160,000
Previous Owner Dirks Hermann John $1,400,000
Previous Owner Goldstick Gerson H $417,100
Previous Owner Goldstick Gerson H $800,000
Previous Owner Goldstick Gerson H $649,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $2,460,000 -1.4% $409 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
10/29/2020 10/29/20 Price Changed $2,495,000 -3.9% $415 / Sq Ft
10/19/2020 10/19/20 Price Changed $2,595,000 -10.5% $431 / Sq Ft
09/02/2020 09/02/20 For Sale $2,899,000 +7.4% $482 / Sq Ft
01/18/2020 01/18/20 For Sale $2,700,000 0.0% $487 / Sq Ft
01/17/2020 01/17/20 Sold $2,700,000 0.0% $487 / Sq Ft
04/06/2018 04/06/18 Off Market $2,700,000 -- --
08/08/2017 08/08/17 For Sale $2,700,000 -- $487 / 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 $47,965 $2,474,547 $0 $0
2022 $44,470 $2,402,473 $0 $0
2021 $42,588 $2,332,499 $0 $0
2020 $41,519 $2,264,563 $0 $0
2019 $40,497 $2,198,605 $0 $0
2018 $38,510 $2,134,568 $0 $0
2017 $37,158 $2,072,396 $0 $0
2016 $33,824 $2,012,035 $0 $0
2015 $32,678 $1,953,432 $0 $0
2014 $32,256 $1,896,536 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Kaer

    Seller's Agent in 2020

    Steve Kaer

    Kaer Property Group

    (503) 412-8560

    3 in this area

    144 Total Sales

    Section Image
  • Cathleen Walker

    Seller's Agent in 2020

    Cathleen Walker

    Walker Properties Residential

    (503) 310-4636

    23 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20013433

Regional Multiple Listing Service (RMLS)

APN: 01503616

Oregon Clackamas County Lake Oswego 97034 McVey-South Shore

961 Terrace Dr, Lake Oswego, OR

This home is located at 961 Terrace Dr, Lake Oswego, OR 97034 since 02 September 2020 and is currently estimated at $3,375,497, approximately $561 per square foot. This property was built in 2000. 961 Terrace Dr is a home located in Clackamas County with nearby schools including Hallinan Elementary School, Lakeridge Middle School, and Lakeridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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