Nestled in the heart of Lake Oswego’s coveted First Addition/Forest Hills neighborhood, this stunning 2012 custom-built Craftsman offers timeless design, modern comfort, and elegant spaces in a premier location. Thoughtfully designed with both form and function in mind, the home features four spacious bedrooms upstairs, including an oversized primary suite with a spa-inspired ensuite bath and a generous walk-in closet. As you step inside, you’re welcomed by the expansive living room filled with natural light, centered around a cozy gas fireplace flanked by custom built-ins. This warm and inviting space flows seamlessly into a grand formal dining room—perfect for large gatherings and holidays—with direct access to one of two outdoor decks. Just beyond the dining room, French doors open to a large main-level den, offering flexible space for a home office, library, or playroom. The gourmet kitchen is a true showstopper, with high-end appliances, custom cabinetry, and plenty of room to cook and connect. A spacious mudroom keeps daily life organized and leads to a detached one-car garage. Outside, enjoy two thoughtfully designed decks and a fully fenced backyard—ideal for relaxing, entertaining, or letting pets and kids play freely. Located just blocks from Lake Oswego’s vibrant downtown, this home offers unbeatable access to top-rated schools, farmer’s markets, boutique shopping, cafes, and the Lake Theater & Café. The First Addition neighborhood is one of the city’s most beloved areas, known for its charming tree-lined streets, friendly community feel, and walkability. Families are drawn to the area for its proximity to award-winning Lake Oswego schools, which consistently rank among the best in Oregon for academics, athletics, and student support. From the quality craftsmanship to the flexible floor plan and unbeatable location, this is a rare opportunity to own a truly special home in one of the most desirable neighborhoods in Lake Oswego.
Sold
$1,598,500
785 3rd St, Lake Oswego, OR 97034
4beds
3,010sqft
Residential, Single Family Residence
Built in 2012
8,712 Square Feet Lot
$1,590,700 Zestimate®
$531/sqft
$5,771 Estimated rent
Home value
$1,590,700
$1.50M - $1.70M
$5,771/mo
Zestimate® history
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List your homeWhat's special
Charming tree-lined streetsCozy gas fireplaceFully fenced backyardThoughtfully designed decksTwo outdoor decksFrench doorsGrand formal dining room
Zillow last checked:
Listing updated:
Listed by:
Lauren Sheehan 503-329-5131,
eXp Realty, LLC
Bought with:
Jonathan Cotton, 201243639
MORE Realty
Source: RMLS (OR),MLS#: 318740990
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Mud Room, Bedroom 4, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Suite
- Level: Main
- Area: 234
- Dimensions: 13 x 18
Bedroom 2
- Level: Upper
- Area: 154
- Dimensions: 11 x 14
Bedroom 3
- Level: Upper
- Area: 126
- Dimensions: 9 x 14
Bedroom 4
- Features: Vaulted Ceiling, Walkin Closet
- Level: Upper
- Area: 165
- Dimensions: 11 x 15
Dining room
- Features: Deck, French Doors, Hardwood Floors
- Level: Main
- Area: 198
- Dimensions: 11 x 18
Kitchen
- Features: Eat Bar, Island, Nook
- Level: Main
- Area: 210
- Width: 15
Living room
- Features: Builtin Features, Fireplace, Hardwood Floors
- Level: Main
- Area: 432
- Dimensions: 18 x 24
Heating
- Forced Air 90, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Built In Oven, Dishwasher, Gas Appliances, Microwave, Tankless Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s), Eat Bar, Kitchen Island, Nook, Built-in Features, Suite, Granite, Pantry
- Flooring: Hardwood
- Doors: French Doors
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 3,010
- Total interior livable area: 3,010 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Covered Deck, Porch, Deck
- Exterior features: Yard
- Fencing: Fenced
Lot
- Size: 8,712 Square Feet
- Features: Level, Sprinkler, SqFt 7000 to 9999
Details
- Parcel number: 00193944
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Residential, Single Family Residence
Materials
- Lap Siding, Shingle Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Approximately
- New construction: No
- Year built: 2012
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $531/sqft
- Tax assessed value: $1,819,164
- Annual tax amount: $17,314
- Date on market: 5/7/2025
- Cumulative days on market: 60 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2025 | Sold | $1,598,500-8.7%$531/sqft |
Source:  RMLS (OR) #318740990 Report a problem | ||
| 7/7/2025 | Pending sale | $1,750,000$581/sqft |
Source: RMLS (OR) #318740990 Report a problem | ||
| 5/27/2025 | Price change | $1,750,000-10.3%$581/sqft |
Source: RMLS (OR) #318740990 Report a problem | ||
| 5/8/2025 | Listed for sale | $1,950,000+167.5%$648/sqft |
Source: RMLS (OR) #318740990 Report a problem | ||
| 6/15/2012 | Sold | $729,000+98.1%$242/sqft |
Source: RMLS (OR) #12339800 Report a problem | ||
| 1/26/2012 | Sold | $368,000+26.8%$122/sqft |
Source: Public Record Report a problem | ||
| 8/1/2011 | Sold | $290,150+17%$96/sqft |
Source: Public Record Report a problem | ||
| 6/28/2011 | Listed for sale | $248,000-23.6%$82/sqft |
Source: foreclosure.com Report a problem | ||
| 8/21/2010 | Listing removed | $324,500$108/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 8/14/2010 | Price change | $324,500-13.5%$108/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 7/16/2010 | Price change | $375,000-5.1%$125/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 6/12/2010 | Pending sale | $395,000$131/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 4/30/2010 | Price change | $395,000-2.5%$131/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 4/24/2010 | Price change | $405,000-2.4%$135/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 4/17/2010 | Price change | $415,000-2.3%$138/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 2/26/2010 | Price change | $424,900-3.4%$141/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 1/29/2010 | Listed for sale | $439,900+99%$146/sqft |
Source: The Hasson Company #10007031 Report a problem | ||
| 3/27/2003 | Sold | $221,000$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,789 +2.7% | $928,354 +3% |
| 2024 | $17,315 +3% | $901,315 +3% |
| 2023 | $16,806 +3.1% | $875,064 +3% |
| 2022 | $16,308 +8.3% | $849,577 +3% |
| 2021 | $15,060 +2.6% | $824,833 +3% |
| 2020 | $14,682 +2.5% | $800,809 +3% |
| 2019 | $14,321 +5.2% | $777,485 +3% |
| 2018 | $13,618 | $754,840 +3% |
| 2017 | $13,618 +13.9% | $732,854 +3% |
| 2016 | $11,961 | $711,509 +3% |
| 2015 | $11,961 +3.5% | $690,785 +3% |
| 2014 | $11,556 +4.1% | $670,665 +3% |
| 2013 | $11,105 +161.1% | $651,131 +163.5% |
| 2012 | $4,254 +3.5% | $247,069 +3% |
| 2011 | $4,108 +1.7% | $239,873 +3% |
| 2010 | $4,038 +1% | $232,886 +3% |
| 2009 | $3,997 +6.7% | $226,103 +3% |
| 2008 | $3,746 +4.6% | $219,517 +3% |
| 2007 | $3,580 +4.3% | $213,123 +3% |
| 2006 | $3,432 +0.3% | $206,916 +3% |
| 2005 | $3,422 +4.1% | $200,889 +3% |
| 2004 | $3,288 +4.9% | $195,038 +3% |
| 2003 | $3,136 -53.8% | $189,357 -54.4% |
| 2002 | $6,791 +1.9% | $415,663 +3% |
| 2001 | $6,665 +12% | $403,556 +3% |
| 2000 | $5,951 | $391,802 |
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: 0.5 mi
- 8/10Lake Oswego Junior High SchoolGrades: 6-8Distance: 1.8 mi
- 10/10Lake Oswego Senior High SchoolGrades: 9-12Distance: 1.8 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.
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Estimated market value
$1,590,700
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Estimated market value
$1,590,700
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