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5316 Lower Dr, Lake Oswego, OR, 97035

$775,000

Home List Price

$9,203*

Closing Credit

4 Bedrooms
2 Full Baths
2,016 SqFt
$384/SqFt
House

Location

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5316 Lower Dr, Lake Oswego$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Street Parking
Attached Garage2 spaces
Year Built2003
HeatingForced Air
CoolingCentral Air
FireplaceGas Fireplace
MLS #24560784
StatusActive

About 5316 Lower Dr

Welcome to a home filled with natural light, offering a flexible and easy-flowing layout that adapts to your needs. With recent updates, including a brand new roof this summer, plus new HVAC in 2022 and central vac added in 2021. The home also features additional updates that have been thoughtfully maintained including bamboo floors, chef's kitchen, carpeting, decking, a patio and fencing. This home is ready for you to move in and enjoy. Nestled on a quiet dead-end street, you’ll love the peace and quiet, while still being just moments from parks, trails, restaurants, shopping, and easy access to I-5. Plus, it’s located in the sought-after Lake Oswego School District, serving two newly rebuilt schools—Rivergrove Elementary and Lakeridge Middle School. As a bonus, you’ll have access to three lake easements, with an optional transferable membership to Springbrook for the new owners. This is a home that fits every season and every lifestyle!"

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story, Traditional
  • Year Built: 2003
  • Stories: 2
  • Living Area: 2,016 SqFt

Listing Office:

  • Office Name: Windermere Realty Trust
  • Office Email: careyblem@windermere.com
  • Listing Agent: Carey Blem

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Down Draft, Microwave
  • Basement: No
  • Flooring Type: Bamboo
  • Interior: Ceiling Fan(s), Central Vacuum, Jetted Tub, Soaking Tub, Sprinkler, Vaulted Ceiling(s), Washer/Dryer
  • Fireplace: Gas Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Deck, Fence

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Driveway, Street Parking

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Lakeridge High School, Public District Grades 9-12
  • Lakeridge Junior High School, Public District Grades 6-8
  • River Grove Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Bryant to Lower

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000
  • Price Per SqFt: $384/SqFt

Tax Information:

  • Annual Amount: $6,719
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lake Oswego, OR.

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Lake Oswego, OR

City

Med. Sold Price

$926.2K

Med. Price/SqFt

$394

Avg. Days On Market

47

# of Sold Homes

57

5316 Lower Dr vs Lake Oswego

60 DAYS ON ROCKET

+13 Days

$775,000

-$151.2K Less

$384/SqFt

-$11 Less

KEY TAKEAWAY

This property is $151.2K less than the Median Sold Price and $11/SqFt less than other homes in Lake Oswego, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24560784

Listing Office:

  • Office Name: Windermere Realty Trust
  • Office Email: careyblem@windermere.com
  • Listing Agent: Carey Blem

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 26, 2021Home Sold
$687,000
Feb 15, 2019Home Sold
$560,000
Nov 01, 1988Home Sold
$66,150

Tax History

YEARPROP. TAXASSESSMENT
2020$6,719$392,879
2018$6,696$370,326
2017$6,462$359,540

History based on county public records data.

Payment Calculator

$3,935

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2114611
9
/10

  • River Grove Elementary School

  • 5850 Mcewan Rd

  • 0.97 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2114612
8
/10

  • Lakeridge Junior High School

  • 4700 Jean Rd

  • 0.49 miles

  • Public District Grades 6-8

High School

school-card-donut-2114613
9
/10

  • Lakeridge High School

  • 1235 Overlook Dr

  • 1.87 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,028. Typical income of Lake Oswego, OR residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5316 Lower Dr

What is the listing price of this property?

The listing price of 5316 Lower Dr property is $775,000.

What type of property is this?

The property 5316 Lower Dr is a house located in Lake Oswego, Oregon, 97035.

Is this property for sale now?

Active Listing: 5316 Lower Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5316 Lower Dr are:
River Grove Elementary School: GreatSchools Rating 9/10
Lakeridge Junior High School: GreatSchools Rating 8/10
Lakeridge High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,719 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 26, 2021 for $687,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5316 Lower Dr has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5316 Lower Dr is 2,016 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5316 Lower Dr is 2003.

Rocket Homes›Oregon›Clackamas County›Lake Oswego›97035›5316 Lower Dr

This home is located at 5316 Lower Dr in Lake Oswego, OR and zip code 97035. This 2,016 square foot home was built in 2003. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $775,000.

In October 2024 more than 7 listings in Lake Oswego, OR were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 38 were sold below. Between September 2024 and October 2024, Lake Oswego, OR real estate market has seen increase in the number of listings by 3.8%. In October 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $926,202.

From Rocket Homes Real Estate and based on county public records data.

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