NOT LISTED FOR SALE

981 Cumberland Place Lake Oswego, OR 97034

Evergreen Neighborhood

Estimated Value: $1,042,000 - $1,606,924

4 Beds
2 Baths
3,339 Sq Ft
$389/Sq Ft Est. Value

Last Sold April 11, 2019

Last sale price $655,000 $196 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $7,906/month

292 Days on Market

Highlights

  • View of Trees or Woods
  • 0.43 Acre Lot
  • Adjacent to Greenbelt
  • Forest Hills Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of April 2019

Imagine having 650 wooded acres adjoining your back yard! Ideal location in high demand First Addition neighborhood. Unlimited potential! 18,731 sq. ft. lot surrounded on three sides by Tryon Creek Park! May have potential to divide/develop - zoned R-7.5. Update, renovate or build new! Lake Oswego award winning schools. Buyer should perform their own due diligence regarding zoning & intended use.

Last Agent to Sell the Property

Debby Hennessy

Cascade Hasson Sotheby's International Realty License #200503106 Listed on: 05/24/2018

Cascade Hasson Sotheby's International Realty

Last Buyer's Agent

Jennifer Noble

Windermere Realty Trust License #960200161

Windermere Realty Trust

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,264

Year Built

  • Built in 1958

Lot Details

  • 0.43 Acre Lot
  • Adjacent to Greenbelt
  • Gentle Sloping Lot
  • Landscaped with Trees
  • Private Yard
  • Property is zoned R-7.5

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Woods
  • Seasonal

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,339 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Dishwasher
  • Laundry Room
  • Finished Basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • First Addition Forest Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00189343

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,264

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1958
  • Property Condition: Approximately
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: DaylightRanch
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 10 Features: SlidingDoors
  • Room 11 Features: HardwoodFloors,Nook,Pantry
  • Room 12 Features: Fireplace,HardwoodFloors
  • Room 13 Features: HardwoodFloors
  • Room 7 Features: HardwoodFloors
  • Room 9 Features: BuiltinFeatures,FrenchDoors,HardwoodFloors
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 2.0
  • Fireplaces: 1
  • Interior Amenities: GarageDoorOpener, HardwoodFloors, Laundry, VinylFloor, WalltoWallCarpet
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Lower
  • Room 5 Description: Den
  • Room 5 Level: Lower
  • Room 6 Description: BonusRoom
  • Room 6 Level: Lower
  • Basement: Finished
  • Appliances: Dishwasher, FreeStandingRefrigerator, Pantry
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt15000to19999
  • Other Room10 Area: 168
  • Additional Room 10 Level: Lower
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Fourth Bedroom Area: 120
  • Fifth Bedroom Area: 120
  • Bedroom 6 Area: 483
  • Bedroom 7 Area: 156
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Other Room8 Area: 120
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Other Room9 Area: 169
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: WoodComposite
  • Exterior Features: Deck, Patio, Yard
  • Lot Size: 15,000 to 19,999 SqFt
  • View: Yes
  • Lot Features: GentleSloping, GreenBelt, Private, Trees
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Seasonal,TreesWoods

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir, HeatPump
  • 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

  • Farm: No
  • Zoning: R-7.5
  • Lot Size Acres: 0.43
  • Lot Size: 18299 sq. ft.
  • Lot Size Sq Ft: 18730.0
  • Parcel #: 00189343

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 5264.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2018
Closed on
Apr 9, 2019
Sold by
Cada Cynthia Ream and Enabnit Nancy Ream
Bought by
Patterson Eric and Patterson Xiaohan
Seller's Agent
Debby Hennessy
Cascade Hasson Sotheby's International Realty
Buyer's Agent
Jennifer Noble
Windermere Realty Trust
List Price
$899,000
Sold Price
$655,000
Premium/Discount to List
-$244,000
-27.14%
Current Estimated Value
$1,299,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$644,231
Avg. Annual Appreciation
12.61%
Original Mortgage
$491,250
Outstanding Balance
$434,374
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$931,990
Source: Public Records

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Range of Values:

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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
Patterson Eric $655,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Eric $491,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2019 04/11/19 Sold $655,000 -27.1% $196 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
05/24/2018 05/24/18 For Sale $899,000 -- $269 / 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 $8,010 $375,356 $0 $0
2022 $6,995 $364,424 $0 $0
2021 $6,460 $353,810 $0 $0
2020 $6,298 $343,505 $0 $0
2019 $6,143 $333,500 $0 $0
2018 $5,841 $323,786 $0 $0
2017 $5,264 $314,355 $0 $0
2016 $4,792 $305,199 $0 $0
2015 $4,629 $296,310 $0 $0
2014 $4,570 $287,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debby Hennessy

    Seller's Agent in 2019

    Debby Hennessy

    Cascade Hasson Sotheby's International Realty

    (503) 635-9801

    Section Image
  • Jennifer Noble

    Buyer's Agent in 2019

    Jennifer Noble

    Windermere Realty Trust

    (503) 636-5000

    4 in this area

    103 Total Sales

    Jennifer Noble
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18504178

Regional Multiple Listing Service (RMLS)

APN: 00189343

Oregon Clackamas County Lake Oswego 97034 Evergreen

981 Cumberland Place, Lake Oswego, OR

This home is located at 981 Cumberland Place, Lake Oswego, OR 97034 since 24 May 2018 and is currently estimated at $1,299,231, approximately $389 per square foot. This property was built in 1958. 981 Cumberland Place 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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