Recently Listed Open House 6/13 11am - 1pm
516 7TH ST
Lake Oswego, OR, 97034 $ 1,425,000
Bedrooms3 Baths2.0 Sq 1,997 Monthly Estimate*
$ 8,774
for $1,425,000 with 3 bedrooms and 2 full baths. This 1,997 square foot home was built in 1962 on a lot size of 0.13.
Perfectly positioned in the heart of First Addition, this architecturally distinctive custom residence offers a rare opportunity to experience design-forward living in one of Lake Oswego’s most coveted walkable neighborhoods. Just moments from downtown’s acclaimed restaurants, boutiques, coffee shops, parks, and the beloved Saturday Farmers’ Market, the home delivers a lifestyle that is both vibrant and effortlessly convenient.A rarity for the neighborhood and price point, the home’s custom architecture creates a remarkable sense of volume and openness rarely found in similarly sized residences. At its center, a dramatic vaulted great room is illuminated by thoughtfully placed skylights that draw natural light throughout the living spaces, creating an atmosphere that feels both expansive and inviting. The great room flows seamlessly to a covered outdoor living area, beautifully landscaped backyard, and established gardens, encouraging year-round indoor-outdoor living. A striking floating staircase serves as both an architectural statement and sculptural focal point, ascending to a versatile loft space and private upper-level primary retreat. The result is a home that balances architectural interest with exceptional everyday livability. The flexible floor plan offers options for a variety of lifestyles. Two main-level bedrooms separated by a full bath provide ideal accommodations, while also presenting an intriguing opportunity for future conversion into an expansive main-level primary wing. Thoughtfully maintained and updated, the sellers have recently completed a full interior repaint, installed a new heat pump as part of a comprehensive HVAC upgrade, modernized the electrical system with a new service panel designed to support electric vehicle charging and today’s technology demands. For buyers seeking architectural character, abundant natural light flexible living spaces, meaningful updates, and exceptional walkability, this is a truly unique opportunity!
See more
Open House
6/13/2026 11:00 AM - 1:00 PM
516 7TH ST Lake Oswego, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities CeilingFan GarageDoorOpener Granite HardwoodFloors HighCeilings Laundry Skylight VaultedCeiling WalltoWallCarpet
Basement CrawlSpace
Hot Water Gas
Window Features DoublePaneWindows
Total Bathrooms 2.0
Total Bedrooms 3
Total Baths 2
1/2 Baths 0
See more
GeneralSewer PublicSewer
Heating HeatPump
Cooling HeatPump
Roof Composition
Appliances BuiltinRange Dishwasher Disposal FreeStandingRefrigerator GasAppliances Granite
Garage Spaces 1.0
Architectural Style Contemporary
Year Built 1962
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 00190983
Accessibility NaturalLighting
County Clackamas
Property Type Residential
HOA N
Subdivision Name FIRST ADDITION
Full Baths 2
Status Active
Directions A Avenue North on 7th Street
High School Lake Oswego
City LakeOswego
Disclosures Disclosure
MLS Area _147
Lot Size Square Feet 5662.0
Listing Terms Cash Conventional
Elementary School Forest Hills
Tax Annual Amount 10376.99
Middle/Junior High School Lake Oswego
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 29 1ST ADD TO OSWEGO LT 007 BLK 37
ADU False
See more
ExteriorExterior Amenities CoveredPatio Fenced Yard
Parking Features Driveway OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 1.0
Garage Type Attached
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 1997.0
Lot Size Acres 0.13
Road Surface Type Paved
See more
* Excluded FeaturesList ByLuxe Forbes Global PropertiesBroker
odermannbrothers@luxeoregon.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,774
- Monthly Property Taxes
- $865
- 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 $1,985,981
Percent of Sale Price 39%
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.
1949129 Elementary School
1948939 Middle School
Lake Oswego High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/12/2026 | $1,425,000 | | Listed Price |