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