Charming townhome in the heart of downtown Lake Oswego. Tucked away in a quiet European-style courtyard in coveted First Addition, this beautifully appointed home offers the perfect blend of privacy, style, and walkability. The main level features an open-concept living and dining area with solid hardwood floors, a cozy gas fireplace and powder room. A sliding glass door opens to an attached private patio, perfect for morning coffee, outdoor dining, or evening entertaining. The kitchen includes stainless steel appliances, shaker cabinetry with Rejuvenation hardware, quartz countertops, and a functional layout that connects easily to the main living space. On the second floor you’ll find two ensuite bedrooms with closet organizers and a conveniently located laundry. The third level features a bright open loft with expansive windows, vaulted ceilings and storage closets, perfect for a secluded living area or home office. Additional highlights include a newly installed Carrier furnace and heat pump/AC, new wall-to-wall carpeting throughout the second and third floors and a deeded garage with storage. Enjoy access to the beautifully maintained shared courtyard and an unbeatable First Addition location just blocks from downtown Lake Oswego shops, restaurants, the farmers market, library, grocery stores, parks, and more. Served by top-rated Lake Oswego schools, this is low-maintenance living in one of Lake Oswego’s most desirable neighborhoods.
Active
$719,000
562 2nd St, Lake Oswego, OR 97034
2beds
1,370sqft
Residential, Condominium, Townhouse
Built in 2005
-- sqft lot
$694,900 Zestimate®
$525/sqft
$615/mo HOA
What's special
Cozy gas fireplaceDeeded garage with storageCloset organizersVaulted ceilingsTwo ensuite bedroomsSolid hardwood floorsStainless steel appliances
- 29 days |
- 895 |
- 31 |
Zillow last checked:
Listing updated:
Listed by:
Chris Larsson 503-989-6123,
Real Broker
Source: RMLS (OR),MLS#: 514764398
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Loft, Bedroom 2, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Closet Organizer, Ensuite, High Ceilings, Wallto Wall Carpet
- Level: Upper
- Area: 169
- Dimensions: 13 x 13
Bedroom 2
- Features: Closet Organizer, Wallto Wall Carpet
- Level: Upper
- Area: 132
- Dimensions: 11 x 12
Dining room
- Level: Main
Kitchen
- Features: Builtin Range, Builtin Refrigerator, Dishwasher, Gas Appliances, Hardwood Floors, Quartz
- Level: Main
- Area: 99
- Width: 11
Living room
- Features: Fireplace, French Doors, Hardwood Floors
- Level: Main
- Area: 180
- Dimensions: 12 x 15
Heating
- Heat Pump, Fireplace(s)
Cooling
- Heat Pump
Appliances
- Included: Built-In Refrigerator, Dishwasher, Disposal, Free-Standing Gas Range, Gas Appliances, Range Hood, Built-In Range, Electric Water Heater
- Laundry: Laundry Room
Features
- Vaulted Ceiling(s), Closet Organizer, Quartz, High Ceilings
- Flooring: Hardwood, Tile, Wall to Wall Carpet
- Doors: French Doors
- Windows: Double Pane Windows
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 1,370
- Total interior livable area: 1,370 sqft
Property
Parking
- Total spaces: 1
- Parking features: On Street, Condo Garage (Deeded), Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Features: Level, Sprinkler
Details
- Parcel number: 05015605, 05015629
- Zoning: condo
Construction
Type & style
- Home type: Townhouse
- Property subtype: Residential, Condominium, Townhouse
Materials
- Shingle Siding, Stucco
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2005
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Security: Fire Sprinkler System
- Subdivision: First Addition
HOA
- Has HOA: Yes
- Amenities included: All Landscaping, Exterior Maintenance, Front Yard Landscaping, Insurance, Maintenance Grounds, Management, Sewer, Trash, Water
- HOA fee: $615 monthly
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $525/sqft
- Tax assessed value: $630,100
- Annual tax amount: $6,425
- Date on market: 6/4/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$694,900
$660,000 - $730,000
$2,752/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $719,000+53%$525/sqft |
Source:  RMLS (OR) #514764398 Report a problem | ||
| 10/12/2017 | Sold | $470,000-2.5%$343/sqft |
Source: Public Record Report a problem | ||
| 8/27/2017 | Pending sale | $482,000$352/sqft |
Source: Realty Trust Group, Inc. #17149712 Report a problem | ||
| 7/9/2017 | Listed for sale | $482,000+27.9%$352/sqft |
Source: Realty Trust Group, Inc. #17149712 Report a problem | ||
| 9/26/2014 | Sold | $377,000-0.8%$275/sqft |
Source: RMLS (OR) #14086331 Report a problem | ||
| 3/2/2014 | Listed for sale | $379,900-1.3%$277/sqft |
Source: Harnish Properties #14086331 Report a problem | ||
| 7/2/2013 | Listing removed | $385,000$281/sqft |
Source: Windermere Bridgeport Realty Group #13499927 Report a problem | ||
| 3/5/2013 | Listed for sale | $385,000-2.5%$281/sqft |
Source: Windermere Bridgeport Realty Group #13499927 Report a problem | ||
| 3/29/2007 | Sold | $395,000$288/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,425 +2.7% | $335,309 +3% |
| 2024 | $6,254 +3% | $325,543 +3% |
| 2023 | $6,070 +3.1% | $316,062 +3% |
| 2022 | $5,890 +8.3% | $306,857 +3% |
| 2021 | $5,440 +2.6% | $297,920 +3% |
| 2020 | $5,303 +2.5% | $289,243 +3% |
| 2019 | $5,173 +5.2% | $280,819 +3% |
| 2018 | $4,919 +6.8% | $272,640 +3% |
| 2017 | $4,604 +6.6% | $264,699 +3% |
| 2016 | $4,320 | $256,989 +3% |
| 2015 | $4,320 +3.5% | $249,504 +3% |
| 2014 | $4,174 +14.5% | $242,237 +5.9% |
| 2013 | $3,647 +0.1% | $228,770 +0.1% |
| 2012 | $3,643 -3.9% | $228,500 -2.8% |
| 2011 | $3,790 -4.3% | $235,182 +3% |
| 2010 | $3,960 +1% | $228,332 +3% |
| 2009 | $3,919 +6.7% | $221,682 +3% |
| 2008 | $3,672 +4.6% | $215,225 +3% |
| 2007 | $3,510 | $208,956 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: First Addition-Forest Hills
Nearby schools
GreatSchools rating
- 9/10Forest Hills Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Lake Oswego Junior High SchoolGrades: 6-8Distance: 1.8 mi
- 10/10Lake Oswego Senior High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Forest Hills
- Middle: Lake Oswego
- High: Lake Oswego
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
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