Deeded Easement Rights To Private Oswego Lake

The lake which the name Lake Oswego refers to isn’t available to boat on for all… Oswego Lake is a private lake.

A lot of people moving to Portland or moving to Lake Oswego don’t always know this. Now, there are some court filings trying to change that, but it will most likely stay private for a number of reasons.In order to get on the lake in your boat you will need to become a shareholder and purchase on of the Lake Oswego waterfront homes for sale or join an easement. There are 20 Lake Oswego easements which provide deeded access to 3000 homes in the city.

A home can have deeded rights to more than one easement and residents from that home are allowed to join any and/or all of the Oswego Lake easements that are deeded to their home or they can join none.

A little more detail from the Lake Corp:

LOC owns 20 lakeside properties, Easements, that supply deeded lake access privileges to over 3,000 homeowners in the surrounding area. Each easement is governed by its own individual set of by-laws and has its own volunteer board of directors. Facilities and rate structures vary from easement to easement. Call our offices to get confirmation of your property’s eligibility and to find out which easement(s) you are entitled to join.

Buying a home with lake rights –

This method is the most affordable alternative to Lake Oswego waterfront and there are boat slips in many of the easements. Here is a great one that we have listed now (pictured above as well).

3119 Wembley Park Rd

Want to boat on the lake?  Deeded rights to four easements on Oswego Lake come with this beautiful luxury home.  Listed at $1,125,000 Here is the description from the MLS listing for this property:

Fabulous location in Lake Oswego’s Uplands neighborhood! Perfect floor plan has 4 Bedrooms PLUS bonus room on upper level. Better than new home w/ fully integrated indoor/outdoor living including SONOS sound system throughout. Live the quintessential LO water lifestyle & join one or more of FOUR Lake Easements. This home has everything you want w/ perks like main level home office, Chefs Kitchen, Bonus Room, Sport Court & 3 car garage.

Call/Text Brian Olsen at Cooper Jacobs Real Estate PDX for more info:

Brian Olsen 503-853-5506


©Cooper Jacobs Real Estate PDX  – Lake Oswego Realtors

Relocating to Lake Oswego Oregon: First Addition Neighborhood Highlight

First Addition Lake Oswego

Relocating to Lake Oswego, Oregon:  First Addition Neighborhood Highlight

First Addition Real Estate: Lake Oswego’s First Addition neighborhood is located in Clackamas County. Currently, the median house value is $975,000 compared to $375,025 for Clackamas County which says a lot about how desirable the First Addition neighborhood is. $715 per square foot of house is the median. Wow, this neighborhood is valuable. Median house values in Lake Oswego as a whole is a little less at $699,900.  You can find all homes in Lake Oswego that are for sale in the MLS here:  Lake Oswego Homes FOR SALE

The multiple listing service currently has six active First Addition properties for sale. They range in price from $999,000 to $540,000 for 2,377 square feet and three bedrooms plus two bathrooms. The most expensive property has 3,328 of newly constructed home in 2014. Loaded with five bedrooms, three bathrooms and elegant craftsman detail and warmth. This home specifically has gracious master suite with dual closets and designer master bathroom. Keep in mind this is desirable as part of the historic First Addition package due to the fact many of the homes are originally built in the early Nineteenth Century and have been updated to modern standards, or have not. Homes with older bathrooms tend to be smaller with less storage. The First Addition homes FOR SALE have high walking scores right around 80 out of 100 meaning very walkable. The charming city of Lake Oswego is right down the street.

A Little About Lake Oswego’s First Addition Neighborhood History:

For starters the FIRST ADDITION neighborhood of Lake Oswego plays an important role in our history. In order to get to know the quaint architecture take the guided walking tour so you can see the different styles. Buildings like craftsman, gothic, colonial revival and vernacular and English cottage. The Lake Oswego Chamber of Commerce provides maps to explore. Back in 1847 Oswego was founded by Albet Alonzo Durham who was inspired by Oswego, New York to name our area.

The first Lake Oswego, Oregon industry was a sawmill on Sucker Creek. In 1878 the Oswego Iron Company was created when purchased from the original owners that discovered iron ore in the Tualatin Valley. The railroad was laid down through Oswego in 1886 which led to development and hundreds of workers settling here to work at the Oswego Iron and Steel Company. This industry quickly developed our region and neighborhoods like First Addition became home to people investing in entrepreneurial ventures. An opera house was created and churches, general stores, banks, saloons, drug stores and hotels were constructed to settle Lake Oswego. Today, homeowners in First Addition enjoy strolling to the Lake Oswego PUBLIC LIBRARY and the famous farmers market. Neighbors walk to grocery stores and restaurants and Millennium Plaza Park is really close. Here children can play in water fountains and on grass fields while folks watch boaters out cruising Oswego Lake.

Please let us know if this sort of lifestyle is what you are looking for. We can assist you in exploring Lake Oswego’s First Addition neighborhood and all of Portland’s suburbs. We love what we do!

Brian Olsen, Lake Oswego Realtor  Cooper Jacobs Real Estate


First Addition Neighborhood Real estate Market Update August 2013

Looking at the last 30 days of activity in Lake Oswego, Oregon’s First Addition neighborhood:First Addition neighborhood in Lake Oswego OR

Lake Oswego’s First Addition Real Estate is a hot commodity!  There are buyers looking actively in this neighborhood, so please let us know if you are even thinking about selling.  You might be surprised at how much your First Addition home is worth currently.  We recently sold a beautiful home on A Ave and are looking for inventory!

Here’s the scoop:

Active First Addition Neighborhood Homes Available

First Addition Homes For Sale In The RMLS which are active with no offers.  There are 9 First Addition homes available at the moment.  These range in price from $575,000 to $1,400,000 with a median list price of over a million dollars at $1,050,000. The median days on market for these homes is 21 days with a range of 5 days to 112 days and an average of 38 days on market. The average dollar per square foot of these First Addition listings is $271.  How big is your house? Wondering what updates you may or may not have to do to get it on the market in that dollar per square foot range? We can help and it won’t cost you anything for the information.

Pending First Addition Homes In The MLS

These are the ones with the offers which have not closed yet… There are 7 First Addition homes for sale which are currently pending listings in the RMLS.  They range in list price from $360,000 to $1,195,000 with a median list price of $825,000 and an average dollar per square foot of $304. The median days on market for these is 42 days.

SOLD!  Here are the sold First Addition listings:

Lake Oswego Realtors

Only one actual First Addition HOUSE listing has sold in the MLS in the last 30 days.  There are 2 sales categorized in residential, but one is a subdivided lot 1/2 acre lot located at 425 G Ave which sold on 7/15/2013.  It was listed for $550,000 and also sold for $550,000.   The First Addition home which sold is located at 740 7th St and was listed for $995,000 on 6/20/2013.  It sold on 7/10/2013 for $995,000.

First Addition Buyers looking for an Agent: As you can see from the numbers above, if you are looking at First Addition homes for sale, then there are not many First Addition listings out there and they sell fairly quickly. Terms are important.  Cash buyers are common. Competition is fierce.  You need to only talk to Lake Oswego Realtors who are willing to really structure your offer to stand out. If you are thinking about moving to Lake Oswego and wondering if your relocation should include First Addition, we are happy to talk you through some of the neighborhoods in the city.

More Info:  Court Olsen 503.899.2968