16038 REESE RD
Lake Oswego, OR, 97035 $ 1,025,000
Bedrooms4 Baths3.0 Sq 3,189 Monthly Estimate*
$ 6,311
for $1,025,000 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 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.
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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 Pending
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 Pending
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
- $6,311
- 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 $1,922,032
Percent of Sale Price 88%
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 |
|---|
| 3/19/2026 | $1,025,000 | -4.65% | Price Down |
| 3/13/2026 | $1,075,000 | | Listed Price |