16 days on rocket

5501 Rachel Ln, Lake Oswego, OR, 97035

$1,250,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
3,669 SqFt
$341/SqFt
House
Schools Nearby

Location

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5501 Rachel Ln, Lake Oswego$1,250,000

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, Street Parking
Attached Garage2 spaces
Year Built2007
HeatingForced Air
CoolingCentral Air
BasementYes
FireplaceGas Fireplace, Wood Burning
MLS #24038521
StatusActive

About 5501 Rachel Ln

Discover an exquisite custom home nestled in a serene neighborhood. Crafted by renowned local architect "Whitehouse Collection" this residence exudes luxury and elegance at every turn. The grand entry welcomes you with soaring ceilings and abundant natural light, while the meticulously designed interior features plantation shutters, soaring ceilings, 8' solid doors, a substantial office with a fireplace, and an open formal dining area for hosting memorable gatherings. The heart of the home lies in the modern kitchen, with a central island, gorgeous maple cabinetry, a convenient pantry, an oversized copper sink, a prep sink, and stainless steel appliances. Adjoining the kitchen is a welcoming family room, enhanced by built-in shelving, a second gas fireplace, a wall of windows, and glass doors that open to the patio and lush yard beyond. Retreat to the luxurious primary suite, where you'll find a generous walk-in closet, a custom-designed shower, a double vanity, and a sumptuous soaking tub, perfect for unwinding after a long day. Two additional bedrooms, one featuring a finished hidden room ideal for a play area or additional storage, plus an oversized laundry room on the upper level. Downstairs, the fully finished lower level offers versatility and convenience with a kitchenette, large bonus room, bedroom, and bath, ideal for accommodating guests or multi-generational living. Outside, a matching, charming outbuilding with electricity and heat provides possibilities for workshop space, fitness, or hobbies. Fully fenced and beautiful professional landscape yard make this outdoor space ideal. Whole-House Standby Generator automatically powers the entire home during rare power outages. The private neighborhood community park adds to the allure of this exceptional property. Proximity to exceptional new Elementary and Junior High Schools. Enjoy Lake Grove restaurants, shopping, and amenities, with proximity to I-5 and Bridgeport mall.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2007
  • Stories: 3
  • Living Area: 3,669 SqFt

Listing Office:

  • Office Name: Premiere Property Group, LLC
  • Office Phone: (503) 670-9000
  • Listing Agent: Randy Bylsma

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker
  • Basement: Yes
  • Flooring Type: Granite, Hardwood, Tile
  • Interior: Ceiling Fan(s), Granite, High Ceilings, Laundry, Skylight, Soaking Tub, Wainscoting, Wall to Wall Carpet
  • Fireplace: Gas Fireplace, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Covered Patio, Fence, Gas Hookup, Outbuilding, Patio, Sprinklers, Workshop, Yard

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Corner 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: Boones Ferry to Pilkington to Rachel LN

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $341/SqFt

HOA Fees:

  • Amount: $800
  • Frequency: Annually

Tax Information:

  • Annual Amount: $10,858
  • 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

$888.6K

Med. Price/SqFt

$384

Avg. Days On Market

42

# of Sold Homes

72

5501 Rachel Ln vs Lake Oswego

16 DAYS ON ROCKET

-26 Days

$1,250,000

+$361.3K More

$341/SqFt

-$44 Less

KEY TAKEAWAY

This property is $361.3K more than the Median Sold Price and $44/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: #24038521

Listing Office:

  • Office Name: Premiere Property Group, LLC
  • Office Phone: (503) 670-9000
  • Listing Agent: Randy Bylsma

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: 5/20/2024, 8:20:36 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

Dec 19, 2017Home Sold
$799,900
Oct 01, 2013Home Sold
$640,000
Sep 24, 2009Home Sold
$622,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,858$590,870
2018$10,071$556,952
2017$9,718$540,730

History based on county public records data.

Payment Calculator

$6,372

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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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-4168321
9
/10

  • River Grove Elementary School

  • 5850 Mcewan Rd

  • 0.51 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4168322
8
/10

  • Lakeridge Junior High School

  • 4700 Jean Rd

  • 0.34 miles

  • Public District Grades 6-8

High School

school-card-donut-4168323
9
/10

  • Lakeridge High School

  • 1235 Overlook Dr

  • 1.95 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 $58,356. Typical income of Lake Oswego, OR residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5501 Rachel Ln

What is the listing price of this property?

The listing price of 5501 Rachel Ln property is $1,250,000.

What type of property is this?

The property 5501 Rachel Ln is a house located in Lake Oswego, Oregon, 97035.

Is this property for sale now?

Active Listing: 5501 Rachel 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 5501 Rachel Ln 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 $10,858 (source: MLS/based on county public records data).

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

The last sale was on December 19, 2017 for $799,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5501 Rachel Ln has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 5501 Rachel Ln is 3,669 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5501 Rachel Ln is 2007.

Rocket Homes›Oregon›Clackamas County›Lake Oswego›97035›5501 Rachel Ln

This home is located at 5501 Rachel Ln in Lake Oswego, OR and zip code 97035 in the Pilkington Glen neighborhood. This 3,669 square foot home was built in 2007. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 04, 2024 and is currently priced at $1,250,000.

Over 16 listings were sold over their listed price in April 2024 in Lake Oswego, OR. In the same period over 41 listings were sold below the listed price and 15 listings were sold for the listed price. The number of listings in Lake Oswego, OR increased by 12.1% between March 2024 and April 2024. In April 2024 median list price was $888,666 and the average listing age was 42 days.

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

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