16038 REESE RD
Lake Oswego, OR, 97035 $ 1,075,000
Bedrooms4 Baths3.0 Sq 3,189 Monthly Estimate*
$ 6,619
for $1,075,000 with 4 bedrooms and 3 full baths. This 3,189 square foot home was built in 1948.
In the heart of Lake Grove, just minutes from cafés, shops, parks, and the Lake Grove Swim Park, this 1948 Cape Cod home offers timeless charm and exceptional walkability. With access to three private lake easements, boating, paddleboarding, and swimming become part of everyday life. Oak floors run through much of the home, adding warmth throughout the main living spaces. The entry opens to a formal dining room, with the nearby living room featuring a wood-burning fireplace and built-in shelving and buffet. The kitchen includes white cabinetry, butcher block countertops, stainless steel appliances with a gas range, tile backsplash, and a walk-in pantry, along with a drop zone leading to the backyard. The main-level primary suite includes built-in closet storage, a French door to the deck, and an ensuite bath with double vanity and step-in shower. An adjoining flex room works well as a home office, nursery, or expanded closet. Upstairs are two bedrooms—including one with a walk-in closet and custom shelving—a full bath, and a spacious landing ideal for a study or workspace. The finished lower level expands the living space with a family room featuring a second fireplace, a large room perfect for an office or non-conforming 4th bedroom, and generous storage. A private exterior entrance provides convenient access to the lower level for guests or work-from-home needs. The fenced yard with deck and patio offers space for outdoor dining, gardening, and play, while the oversized detached two-car garage includes covered storage for bikes and lake gear. Recent updates include a brand-new roof, a recently replaced furnace, and central air system.
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FeaturesInteriorInterior Amenities Floor3rd ConcreteFloor EngineeredBamboo Granite HardwoodFloors Laundry Wainscoting WasherDryer
Basement PartiallyFinished
Total Fireplaces 2
Fireplace Features WoodBurning
Hot Water Gas
Total Bathrooms 3.0
Total Bedrooms 4
Total Baths 3
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Appliances Dishwasher Disposal FreeStandingGasRange FreeStandingRefrigerator GasAppliances Pantry RangeHood StainlessSteelAppliance Tile
Garage Spaces 2.0
Architectural Style Capecod
Year Built 1948
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 00242437
Accessibility MainFloorBedroomBath
County Clackamas
Property Type Residential
HOA N
Subdivision Name LAKE GROVE
Full Baths 3
Status Active
Directions From Boones Ferry Rd South on Reese Home on left
High School Lake Oswego
City LakeOswego
Disclosures Disclosure
MLS Area _147
Listing Terms Cash Conventional FHA
Elementary School Lake Grove
Tax Annual Amount 8867.36
Middle/Junior High School Lake Oswego
Property Condition Resale
Virtual Tour https://sites.ruummedia.com/mls/234730901
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 339 LAKE VIEW VILLAS PT LT 64
ADU False
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ExteriorExterior Amenities Patio Porch SatelliteDish Sprinkler Yard
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Garage Type Detached
Exterior Description WoodSiding
Building Area Total 3189.0
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,619
- Monthly Property Taxes
- $739
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lake Oswego, OR
Average List Price $2,007,670
Percent of Sale Price 87%
About Lake Oswego, OR 38,782 Population
7% Since 2002
$ 95,347 Median Income
48 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949055 Elementary School
1948939 Middle School
Lake Oswego High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/13/2026 | $1,075,000 | | Listed Price |