tomo logo

$5,795,000

Beds
7
Baths
5.5
sq ft
9,163

951 Atwater Rd, Lake Oswego, OR 97034

951 Atwater Rd

Lake Oswego, OR 97034

  • 142 days on market
    • Price drop $500,000↓
Presenting an unparalleled oasis in the heart of Lake Oswego, originally designed by the Olson Group Architects and brought to life by the craftsmanship of Stoneridge Custom Development. This exclusive 1.88-acre estate, ensconced within a secure gated enclave, offers a lifestyle of extraordinary luxury and privacy. At its heart lies an awe-inspiring pool, accompanied by a spacious vaulted pool house that defines the epitome of upscale entertainment - complete with a DJ stage, a sophisticated kitchenette/bar, and a versatile home office/studio, and oversized two-car garage with lift. The residence itself is a testament to elegant comfort, boasting a thoughtful layout designed for both grand entertaining and intimate day-to-day living. The main floor is anchored by the vaulted primary suite, offering privacy and separation from the rest of the home and featuring a spacious closet with custom built-ins and laundry. The second floor unveils a unique split design, featuring a spacious guest suite with laundry and spacious storage/bonus room that is opposite to the other wing, which is home to four additional bedrooms and home gym. Perfect family home with a stunning library retreat and basement home theater. Every detail is accentuated by soaring ceilings with robust wooden beams and expansive windows, bathing each generously proportioned room in natural light and privacy. Additional features include an oversized attached three-car attached garage and a dedicated RV pad, solar pool heating, and newly expanded backyard. Situated on the edge of a 6.8-acre nature park with five miles of trails in the esteemed Forest Highlands neighborhood, you enjoy close proximity to both downtown Lake Oswego and Lake Oswego High School. Unincorporated Clackamas County.

Details

Property type

Single Family Residence

Est. home value

$6,518,523

Lot size

1.88 acres

Price per sq ft

$633

Year built

2004

Annual property taxes

$45,420.53

Price History

06/07/2024
PortlandOR

PortlandOR #24247189

Price change
$5,795,000
-7.94%
02/16/2024
PortlandOR

PortlandOR #24247189

Listed
$6,295,000
+103.06%
07/31/2017
PortlandOR

PortlandOR #17642833

Sold
$3,100,000

Schools & Community

Neighborhood: 

Forest Highlands

Elementary school: 

Forest Hills

Middle school: 

Lake Oswego

High school: 

Lake Oswego

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

March 2022

Original loan amount

$1,300,000

Est. remaining balance

Not provided

Interest rate

2.35%

Loan type

New Conventional, 30 year

Seller

Christian Papa and Cheryl Pape

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/07/2024 at 3:25 PM

Listing updated: 07/03/2024 at 11:24 AM

Listed by: Matthew Tercek, Real Broker Phone #: (503) 360-1640

MLS: PortlandOR #24247189

PortlandOR logo

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