In the heart of Lake Grove, just minutes from cafes, shops, parks, and Lake Grove Swim Park, this timeless Cape Cod blends vintage charm with a layout designed for modern living. What sets this home apart is its thoughtfully designed separation of space—creating three distinct living zones that make everyday life easier.The main-level primary suite is set apart from the rest of the home, offering privacy and quiet, with built-in closet storage, an ensuite bath with double vanity and step-in shower, and French doors opening to the deck. An adjoining flex room provides the perfect space for a home office, nursery, or expanded dressing area—creating a true retreat.The main living areas feature oak floors, a formal dining room, and a living room with wood-burning fireplace, built-in shelving, and buffet. The kitchen includes white cabinetry, butcher block countertops, stainless steel appliances with gas range, tile backsplash, a walk-in pantry, and a drop zone leading to the backyard.Upstairs you’ll find two bedrooms, a full bath, and a spacious landing ideal for a study area, workspace, or hangout zone. The larger of the two bedrooms includes a huge walk-in closet, providing the option for a 2nd primary or fantastic guest suite. The finished lower level adds a completely separate living area with a family room and second fireplace, plus a large room ideal for a home office, guest space, or 4th bedroom. With its own exterior entrance, this level offers flexibility for hosting, work-from-home needs, or a private retreat.Outside, enjoy a fenced yard with deck and patio for outdoor dining, gardening, and play. The oversized detached two-car garage offers additional covered storage for bikes and lake gear.A brand new roof and furnace provide peace of mind, while access to three private lake easements and the Swim Park make boating, paddleboarding, and swimming part of everyday life.
Pending
Price cut: $50K (3/19)
$1,025,000
16038 Reese Rd, Lake Oswego, OR 97035
4beds
3,189sqft
Est.:
Residential, Single Family Residence
Built in 1948
-- sqft lot
$-- Zestimate®
$321/sqft
$-- HOA
What's special
Formal dining roomBuilt-in closet storageOak floorsWalk-in pantry
- 52 days |
- 320 |
- 17 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Lara James 503-819-6097,
Keller Williams Realty Portland Premiere,
Pam Waldman 503-679-1788,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 744656836
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
Rooms
- Room types: Laundry, Den, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Exterior Entry, Hardwood Floors, Barn Door, Closet, Double Sinks, Ensuite, Walkin Closet, Walkin Shower
- Level: Main
- Area: 156
- Dimensions: 13 x 12
Bedroom 2
- Features: Builtin Features, Hardwood Floors, Walkin Closet
- Level: Upper
- Area: 208
- Dimensions: 16 x 13
Bedroom 3
- Features: Hardwood Floors, Closet
- Level: Upper
- Area: 144
- Dimensions: 12 x 12
Dining room
- Features: Builtin Features, Hardwood Floors
- Level: Main
- Area: 195
- Dimensions: 15 x 13
Family room
- Features: Bamboo Floor
- Level: Lower
- Area: 336
- Dimensions: 24 x 14
Kitchen
- Features: Dishwasher, Eating Area, Gas Appliances, Hardwood Floors, Pantry, Free Standing Range, Free Standing Refrigerator
- Level: Main
- Area: 210
- Width: 14
Living room
- Features: Builtin Features, Fireplace, Hardwood Floors
- Level: Main
- Area: 260
- Dimensions: 20 x 13
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Appliances, Range Hood, Stainless Steel Appliance(s), Washer/Dryer, Free-Standing Range, Gas Water Heater
- Laundry: Laundry Room
Features
- Floor 3rd, Granite, Wainscoting, Built-in Features, Walk-In Closet(s), Closet, Eat-in Kitchen, Pantry, Double Vanity, Walkin Shower, Tile
- Flooring: Concrete, Hardwood, Bamboo
- Basement: Partially Finished
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,189
- Total interior livable area: 3,189 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Bedroom Bath, Accessibility
Features
- Stories: 3
- Patio & porch: Patio, Porch
- Exterior features: Yard, Exterior Entry
Lot
- Features: Level, Sprinkler, SqFt 10000 to 14999
Details
- Parcel number: 00242437
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1948
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Lake Grove
HOA
- Has HOA: No
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $1,094,771
- Annual tax amount: $8,867
- Date on market: 3/12/2026
- Cumulative days on market: 52 days
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Pending sale | $1,025,000$321/sqft |
Source:  RMLS (OR) #744656836 Report a problem | ||
| 3/19/2026 | Price change | $1,025,000-4.7%$321/sqft |
Source: RMLS (OR) #744656836 Report a problem | ||
| 3/12/2026 | Listed for sale | $1,075,000+53.6%$337/sqft |
Source: RMLS (OR) #744656836 Report a problem | ||
| 5/16/2017 | Sold | $700,000+0%$220/sqft |
Source: RMLS (OR) #17490326 Report a problem | ||
| 4/20/2017 | Pending sale | $699,900$219/sqft |
Source: Cascade Sotheby's International Realty #17490326 Report a problem | ||
| 4/12/2017 | Price change | $699,900-4.1%$219/sqft |
Source: Cascade Sotheby's International Realty #17490326 Report a problem | ||
| 3/16/2017 | Listed for sale | $729,900$229/sqft |
Source: Cascade Sotheby's International Realty #17490326 Report a problem | ||
| 3/8/2017 | Pending sale | $729,900$229/sqft |
Source: Cascade Sotheby's International Realty #17490326 Report a problem | ||
| 3/3/2017 | Listed for sale | $729,900+67.8%$229/sqft |
Source: Cascade Sothebys International Realty #17490326 Report a problem | ||
| 3/12/2014 | Sold | $435,000-0.9%$136/sqft |
Source: RMLS (OR) #13668637 Report a problem | ||
| 12/20/2013 | Pending sale | $439,000$138/sqft |
Source: RE/MAX EQUITY GROUP- LAKE OSWEGO #13668637 Report a problem | ||
| 12/17/2013 | Listed for sale | $439,000-2.2%$138/sqft |
Source: RE/MAX EQUITY GROUP- LAKE OSWEGO #13668637 Report a problem | ||
| 12/14/2013 | Listing removed | $1,795$1/sqft |
Source: Mainlander Property Management Report a problem | ||
| 11/27/2013 | Price change | $1,795-5.3%$1/sqft |
Source: MAINLANDER PROPERTY MANAGEMENT Report a problem | ||
| 11/7/2013 | Listed for rent | $1,895$1/sqft |
Source: MAINLANDER PROPERTY MANAGEMENT Report a problem | ||
| 11/1/2013 | Listing removed | $449,000$141/sqft |
Source: RE/MAX EQUITY GROUP- LAKE OSWEGO #13299330 Report a problem | ||
| 9/26/2013 | Price change | $449,000-4.3%$141/sqft |
Source: RE/MAX EQUITY GROUP- LAKE OSWEGO #13299330 Report a problem | ||
| 9/4/2013 | Price change | $469,000-2.2%$147/sqft |
Source: RE/MAX EQUITY GROUP- LAKE OSWEGO #13299330 Report a problem | ||
| 8/3/2013 | Listed for sale | $479,500$150/sqft |
Source: RE/MAX EQUITY GROUP- LAKE OSWEGO #13299330 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,867 +2.7% | $461,743 +3% |
| 2024 | $8,631 +3% | $448,295 +3% |
| 2023 | $8,377 +3.1% | $435,238 +3% |
| 2022 | $8,129 +8.3% | $422,562 +3% |
| 2021 | $7,508 +2.6% | $410,255 +3% |
| 2020 | $7,319 +2.5% | $398,306 +3% |
| 2019 | $7,139 +5.2% | $386,705 +3% |
| 2018 | $6,789 | $375,442 +3% |
| 2017 | $6,789 +50.6% | $364,507 +36.2% |
| 2016 | $4,509 | $267,559 +3% |
| 2015 | $4,509 +3.5% | $259,766 +3% |
| 2014 | $4,356 +6.5% | $252,200 +6.3% |
| 2013 | $4,090 +2.9% | $237,218 +3% |
| 2012 | $3,975 +3.5% | $230,309 +3% |
| 2011 | $3,839 +1.7% | $223,601 +3% |
| 2010 | $3,774 +1.1% | $217,088 +3% |
| 2009 | $3,734 +6.7% | $210,765 +3% |
| 2008 | $3,500 +4.6% | $204,626 +3% |
| 2007 | $3,346 +4.3% | $198,666 +3% |
| 2006 | $3,207 +0.3% | $192,880 +3% |
| 2005 | $3,197 +4.1% | $187,262 +3% |
| 2004 | $3,073 +4.9% | $181,808 +3% |
| 2003 | $2,930 +4.4% | $176,513 +3% |
| 2002 | $2,807 +1.9% | $171,372 +3% |
| 2001 | $2,755 +10.5% | $166,381 +3% |
| 2000 | $2,494 | $161,535 |
Find assessor info on the county website
Monthly payment
Est. payment
$5,745/mo
Principal & interest
$5036
Property taxes
$709
More affordability tools
Climate risks
Neighborhood: Lake Grove
Nearby schools
GreatSchools rating
- 6/10Lake Grove Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Lake Oswego Junior High SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Lake Oswego Senior High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Lake Grove
- 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.
- Oregon
- Clackamas County
- Lake Oswego
- 97035
- Lake Grove
- 16038 Reese Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Lake Oswego Topics
