3 months on rocket

1515 Cherry Ln, Lake Oswego, OR, 97034

$2,385,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
5 Full Baths
5,719 SqFt
$417/SqFt
House
Schools Nearby

Location

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1515 Cherry Ln, Lake Oswego$2,385,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Garage3 spaces
Year Built1918
HeatingForced Air, Zoned
CoolingCentral Air
BasementYes
FireplaceGas Fireplace, Wood Burning
ViewTrees/Woods
MLS #24261115
Lot Size0.57 Acres
StatusActive

About 1515 Cherry Ln

Historical estate with historical interest rate opportunity. 4.5% seller financing available for qualified buyer. This exquisitely revitalized English Cottage-style residence in Lake Oswego's Glenmorrie neighborhood seamlessly blends historic charm with modern luxury. Originally designed in 1918 by Sutton & Whitney and meticulously refreshed by designer Phil Chek, this 106-year-old home sits on half an acre of land. The interior features a layout perfectly suited for entertaining with new, imported French oak hardwood floors and freshly painted white walls. The home seamlessly integrates indoor/outdoor living, with the living room leading to a covered patio, the dining room providing a connection to the backyard, and a well-appointed kitchen featuring quartz countertops and a charming wood-burning stove. The basement, with a unique history as part of the original ranch reservoir, serves as additional storage. A guest or nanny quarters, a newly-built three-car garage, and a century-old legacy make this timeless architectural icon an exceptional property.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage, English
  • Year Built: 1918
  • Stories: 3
  • Living Area: 5,719 SqFt

Listing Office:

  • Office Name: LUXE Forbes Global Properties
  • Office Phone: (503) 389-2112
  • Listing Agent: Terry Sprague

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Microwave
  • Basement: Yes
  • Flooring Type: Hardwood, Tile
  • Interior: Laundry, Quartz, Soaking Tub
  • Fireplace: Gas Fireplace, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Trees/Woods
  • Exterior: Covered Patio, Outbuilding, Patio, Yard

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 1515 Cherry Ln

Virtual Tour

Lot Features

Lot Information:

  • Lot: Trees
  • Lot Size: 0.57 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Zoned
  • 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
  • Hallinan Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Hwy 43 to Cherry Ln

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,385,000
  • Price Per SqFt: $417/SqFt

Tax Information:

  • Annual Amount: $12,410
  • 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

$883K

Med. Price/SqFt

$389

Avg. Days On Market

30

# of Sold Homes

45

1515 Cherry Ln vs Lake Oswego

112 DAYS ON ROCKET

+82 Days

$2,385,000

+$1.5M More

$417/SqFt

+$28 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $28/SqFt more 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: #24261115

Listing Office:

  • Office Name: LUXE Forbes Global Properties
  • Office Phone: (503) 389-2112
  • Listing Agent: Terry Sprague

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: 4/27/2024, 6:25:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 20, 2021Home Sold
$950,000
Mar 05, 2021Home Sold
$455,000
Jul 30, 2019Home Sold
$800,000

Tax History

YEARPROP. TAXASSESSMENT
2020$12,410$676,904
2018$11,511$638,048
2017$11,107$619,464

History based on county public records data.

Payment Calculator

$11.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,217

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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-1058257
7
/10

  • Hallinan Elementary School

  • 16800 Hawthorne Dr

  • 0.20 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1058258
8
/10

  • Lakeridge Junior High School

  • 4700 Jean Rd

  • 3.24 miles

  • Public District Grades 6-8

High School

school-card-donut-1058259
9
/10

  • Lakeridge High School

  • 1235 Overlook Dr

  • 1.66 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 $115,802. Residents of Lake Oswego, OR typically earn between $100k-200k each year. Residents typically live in single, no kids family. 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 1515 Cherry Ln

What is the listing price of this property?

The listing price of 1515 Cherry Ln property is $2,385,000.

What type of property is this?

The property 1515 Cherry Ln is a house located in Lake Oswego, Oregon, 97034.

Is this property for sale now?

Active Listing: 1515 Cherry Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1515 Cherry Ln are:
Hallinan Elementary School: GreatSchools Rating 7/10
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 $12,410 (source: MLS/based on county public records data).

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

The last sale was on August 20, 2021 for $950,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1515 Cherry Ln has 5 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 1515 Cherry Ln is 5,719 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1515 Cherry Ln is 1918.

Rocket Homes›Oregon›Clackamas County›Lake Oswego›97034›1515 Cherry Ln

This home is located at 1515 Cherry Ln in Lake Oswego, OR and zip code 97034 in the Glenmorrie neighborhood. This 5,719 square foot home, which was built in 1918, sits on a 0.57 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 05, 2024 and is currently priced at $2,385,000.

In March 2024 more than 13 listings in Lake Oswego, OR were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 24 were sold below. The number of homes for sale in Lake Oswego, OR increased by 13.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $883,000, while the average time on the real estate market was 30 days.

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

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