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We're excited to share a sneak peek of a stunning luxury townhouse coming soon to the highly sought-after First Addition neighborhood in downtown Lake Oswego. This beautifully designed and bright residence offers upscale living within steps of the city's best amenities.
The main level features gleaming hardwood floors, a cozy gas fireplace, and large windows that fill the space with natural light. The open-concept great room seamlessly flows into a spacious dining area and an exceptional gourmet kitchen. The kitchen is equipped with granite counters and stainless steel appliances, including a refrigerator, gas range, microwave, dishwasher, and wine cooler. A convenient half bath is also located on this level.
Upstairs, you'll discover two airy, light-filled bedrooms with vaulted ceilings and a full bathroom complete with modern finishes and a bath/shower combination.
The lower level offers a spacious bedroom with hardwood flooring, perfect for a home office, workout room, or family room. This level also includes a door leading outside, a laundry closet with a stacked washer/dryer, and another full bathroom with a walk-in shower.
Additional features include a detached, heated one-car garage for extra storage and year-round convenience, along with central A/C for comfort throughout the seasons. This townhome is just a short stroll from Millennium Park, Lake Oswego's Farmers Market, boutique shopping, fine dining, the library, post office, and more, truly blending luxury, location, and lifestyle.
County: Clackamas
Lease Terms: 12-month lease
Year Built: 2005
Heat: Gas
Appliances: Oven/range, refrigerator, built-in dishwasher, Microwave, garbage disposal, stacked washer/dryer, and wine cooler.
Utilities included in rent: Water/Sewer & Trash
Utilities paid by tenants: PGE, NWN
Pet Information: One dog is possible with owner approval, additional deposit, $50 a month pet rent, proof of spay/neuter, and pet screening.
Special Terms: No smoking on the premises. The tenant will abide by HOA rules and regulations. Tenants will pay a $250 HOA move-in fee and a $250 move-out fee. Tenant is to leave the washer door open between uses to prevent mildew. The property is included in a furnace filter replacement program. Tenants will pay an additional $10 per month and receive quarterly shipments of the filters unless they opt out within 2 days of an accepted application.
Vehicle Restrictions: Max 2 vehicles (no boats, trailers, or RVs)
Schools:
Grade School: Forest Hills
Middle School: Lake Oswego
High School: Lake Oswego
Information deemed reliable but not guaranteed.
Sold for $640,000
$640,000
570 2nd St, Lake Oswego, OR 97034
3beds
1,464sqft
Single Family Residence
Built in ----
-- sqft lot
$638,000 Zestimate®
$437/sqft
$3,490 Estimated rent
Home value
$638,000
$600,000 - $676,000
$3,490/mo
Zestimate® history
Owner options
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$3,490/mo
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$3,490/mo
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$3,933/mo
Est. payment
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$3,933/mo
Est. payment
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List your homeWhat's special
Modern finishesCozy gas fireplaceWalk-in showerLarge windowsSpacious dining areaVaulted ceilingsNatural light
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Fireplace
Cooling
- Central Air
Appliances
- Included: Refrigerator
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,464 sqft
Property
Parking
- Details: Contact manager
Features
- Exterior features: First Addition, Garbage included in rent, Garbage/Recycling, Sewage included in rent, Water included in rent, Water/Sewer
Details
- Parcel number: 05015597
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Utilities & green energy
- Utilities for property: Garbage, Sewage, Water
Community & HOA
Community
- Deposit fee: $3,250
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $437/sqft
- Tax assessed value: $709,220
- Annual tax amount: $7,523
- Date on market: 8/5/2025
- Date available: 08/08/2025
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Listing removed | $3,295$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/13/2025 | Price change | $3,295-5.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/5/2025 | Listed for rent | $3,495$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/24/2025 | Sold | $640,000-22.9%$437/sqft |
Source: Public Record Report a problem | ||
| 5/31/2022 | Sold | $830,000+10.7%$567/sqft |
Source: | ||
| 5/25/2022 | Pending sale | $750,000$512/sqft |
Source: | ||
| 5/20/2022 | Listed for sale | $750,000$512/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,523 +2.7% | $392,618 +3% |
| 2024 | $7,323 +3% | $381,183 +3% |
| 2023 | $7,108 +3.1% | $370,081 +3% |
| 2022 | $6,897 +8.3% | $359,302 +3% |
| 2021 | $6,369 +2.6% | $348,837 +3% |
| 2020 | $6,209 +2.5% | $338,677 +3% |
| 2019 | $6,057 +5.2% | $328,813 +3% |
| 2018 | $5,759 +6.8% | $319,236 +3% |
| 2017 | $5,391 +6.6% | $309,938 +3% |
| 2016 | $5,059 | $300,911 +3% |
| 2015 | $5,059 +3.5% | $292,147 +3% |
| 2014 | $4,887 +14.5% | $283,638 +5.9% |
| 2013 | $4,270 +0.1% | $267,860 +0.1% |
| 2012 | $4,266 -3.9% | $267,540 -2.8% |
| 2011 | $4,438 -4.3% | $275,377 +3% |
| 2010 | $4,636 +1% | $267,356 +3% |
| 2009 | $4,588 +6.7% | $259,569 +3% |
| 2008 | $4,300 +4.6% | $252,009 +3% |
| 2007 | $4,110 | $244,669 |
Find assessor info on the county website
Neighborhood: First Addition-Forest Hills
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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
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Estimated market value
$638,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$638,000