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

503-899-2968  bco@cooperjacobs.com

First Addition Homes For Sale In Lake Oswego, OR

Lake Oswego Snow 2014All bundled up in this weather, I hope! The city of Lake Oswego has actually done a great job keeping our roads passable and safe. I wanted to take a break and dive back into the First Addition Real Estate market now that 2014 is off to a good start. First Addition is one of the oldest neighborhoods in Lake Oswego, and it is filled with character!

If you are thinking about moving to Lake Oswego, then this is a great site to check out different Lake Oswego neighborhoods and learn about Lake Oswego living. If you want to talk to me about different Lake Oswego neighborhoods, schools, etc., I am free anytime and would look forward to making your relocation to Lake Oswego easier all around.  Now, Back to First Addition Homes for sale and real estate market info for the last month…..

First Addition Homes SOLD in last 30 days – just one in the RMLS. In the last 30 days, we have had one large First Addition home for sale close in escrow.   425 G Ave was listed for $1,400,000 and sold for full price on 2/5/2014 after being on the market for 91 days.  It is a Lake Oswego new construction home and has 3890 square Lake Oswego Snow 2014feet, four bedrooms, and 2 baths.  Obviously, the location of this First Addition home is a huge selling point. Proximity to all Downtown LO city amenities is always in demand.

There are 3 First Addition homes for sale that are currently pending in escrow as well as the one which has closed.  These range in list price from $889,000 to $1,250,000 with a median list price of $969,000.  They range in days on market from 0 to 189 days.

So, what is for sale in Lake Oswego’s First Addition neighborhood? There are 6 active First Addition listings in the RMLS currently – single family and labeled First Addition.  These First Addition homes for sale range in list price from $665,000 to $1,050,000 with a median list price of $996,750.  The average dollar per square foot is $253.  These have been on the market for a median days on market of 59 days with a range of 7 days to 208 days.  These homes are located in First Addition on streets such as D Ave, 4th St, 6th St, E Ave, 2nd St, Atwater Rd,  and 9th St.  Among these, you will find presales, new construction, and Lake Oswego properties for sale that don’t have signs out front.  Full details: First Addition Real Estate market 02092014

No matter what Lake Oswego neighborhood you are interested in, Let us help you get started.  Feel free to reach out and let us know how we can help.  Court: 503-899-2968 or CO@CooperJacobs.com