10 Most Expensive Portland Area Properties – April 2018

10 Most Expensive Properties in the Portland Area

April 2018

Spring is here and as the market picks up it’s important to understand what’s available. Let’s start at the top of the market and look at the high-end listings in the Portland area. Properties vary greatly from luxurious to lots. Without further to-do, here top 10 most expensive properties:

1. $15,000,000 – Lavish Lakeside Lake Oswego Luxury*

Situated on the main lake, this 13,462 square foot 5 bedroom, 6 bathroom and 3 half baths, home boast of many extravagant features. 5 car garage, boat garage, high-end finishes with Venetian plaster, Travertine, and walnut floors. If you’re wanting to stay in rather than taking a spin on the lake there’s a spacious outdoor entertaining space and infinity pool to enjoy a glass of wine on a beautiful evening.
* Contact me for more details

2. $15,000,000 – Wide Open Space in West Linn*

This is a marvelous estate has a grand 16,359 square feet of SPACE in the main residence! With 14 bedrooms, 10 bathrooms, a theater, gym, and oversized 5 car garage the home is a palace. Over 35 acres includes a vineyard, soccer field, tennis court, and pool. Imagine the possibilities. Originally listed for $18,000,000 in 2016.
* Contact me for more details

3. $9,500,000 – Potential Subdivision in Damascus

19131 SE Foster Rd

Two homes and two barns sit on a total of 72 acres in the Happy Valley/Pleasant Valley Comprehensive Plan.

4. $7,500,000 – Tualatin Tract

6920 SW Elligsen Rd

58 acres with a 3,450, 4 bedroom, 2 bath home that is currently farmland.

5. $5,985,000 – Stunning Lakefront Estate Home in Lake Oswego*

Amazing lake and territorial views from most rooms in this grand 7,220 square foot, 5 bedrooms, 6.5 bath home. Sitting right on the water this property features many old world charms with modern amenities. Wine cellar, 3 car garage, boat house, gym, indoor spa, lakeside pool, and much more.
* Contact me for more details

6. $4,999,999 – Sexy Mediterranean Waterfront*

This entertainers custom dream home in Lake Oswego features over 6,000 square feet of lakefront living. Grand sweeping patios look out over Lake Oswego are excellent for hosting gatherings on sunny summer days. 4 bedrooms, includes 2 master suites, 4.5 bathrooms, 2 offices, 3 car garage, and boat dock.
* Contact me for more details

7. $4,900,000 – Over 200 Acres Horse Property in Yamhill*

Sprawling acreage in Yamhill boasts an equestrian training facility, covered arena, barn, shop, and two residences and more. 150 acres could be converted to vineyards. Visions of an event center or wine tasting destination.
* Contact me for more details

8. $4,898,000 – Timeless and Contemporary Lake Oswego*

Over 7,500 square feet of creative contemporary styling make this amazing home a statement piece. Imagine yourself living in your vacation spa destination with a master suite, guest suites, gourmet kitchen, entertainers bar which open up to the outdoor patio. Over 1.3 acres hold a pool, hot tub, pool house, sports court, zen garden, and outdoor kitchen.
* Contact me for more details

9. $4,895,000 – West Linn “Build to Suit” on Oregon Golf Club

25144 SW Petes Mountain Rd

This 20-acre property sits on the 4th and 5th holes of the Oregon Golf Club and has 10 acres of Pinot Noir grapes. Enjoy a home built to your specifications with views of Mt. Hood. Currently existing on the property is a 5,000 square foot home with pool, tennis court, indoor basketball court, pond and custom lake house.

10. $4,850,000 – Dunthorpe Estate

1600 SW Greenwood Rd

This property hasn’t been on the market for about 25 years. 9,007 square feet holds 6 bedrooms, 7 bathrooms, 6 fireplaces, library and more. The grounds feature a delightful pool, grand gardens, and terraces.

Posted on April 10, 2018 at 11:44 pm
Paul Sardoch | Category: Market, Real Estate News | Tagged , ,

Sell or Rent? 7 Things to consider when it’s time to move.

Whether you’re relocating or ready to right size, deciding if it’s better to sell or rent your home can be a big decision. Understanding what your options are and the potential risks of each are important in making the decision that is right for you. So where to start:

Contemporary-home

1. What is your home worth?

Your home is likely one of your most valuable assets and determining the market value of your home is a great place to start. Zestimates and online estimation tools can be a place to start, however, they can be off by on average of 20%. With just an address, myself or another Realtor can generate a market analysis that compares properties that have sold or are active in your area to provide you with a current estimated value for your home. Request a Market Analysis

2. How much rent can you get?

Rent can vary greatly in a market. Research what homes are renting for in your area. Understand that prices can vary based on location, amenities, and condition of your home. Spend some time looking at the popular networks where properties are listed. Craigslist and Zillow could be good places to start. Try online estimation sites like www.rentometer.com to get some general information about rentals near you.

3. What’s your expense footprint?

The mortgage is typically the biggest percentage of the expenses that go into the home but smaller things need to be considered. Taxes, homeowners association fees, and maintenance can add up and need to be planned for. A reserve fund that will cover the required home maintenance should be implemented for things like replacing the roof or the hot water heater when their time is up.

4. Will your property cash-flow?

Understanding if your home will capture enough income to cover the expenses is likely to be the most important decision point in buying or selling. Will renting provide enough income to cover the mortgage, taxes, maintenance, management fees (more on this later,) repairs, and legal considerations. Create a spreadsheet, or try one of the online calculators which will help you understand what you can expect.

5. Property management or self-managed?

Determine if you have the time and are willing to put in the effort in managing your home as a rental. Are you willing to take a call at 2 am on a leaking faucet or would you rather pay someone else to do it? Property management can cut into your bottom line but could save your sanity when it comes to working with your tenants. Management fees can vary and may run about 10% of the rental rate of your home.

6. Interested in renter rights and landlord-tenant laws?

Every state and many cities have their own set of laws and regulations regarding the tenant-landlord relationship. It’s important to fully understand your local laws and renter rights. This is where a property management company will be a big asset. They know the local ordinances and have a system in place which ensures that the rights of the tenant and landlord are maintained. Violations in the tenant-landlord relationship tend to favor the tenant and be expensive if violated.

7. Do you know the tax potentials of each option?

Taxes. A topic that most people avoid until they can’t any longer and one that can have a major impact on a decision to rent or buy. If your home has had a significant increase in value since you purchased it, you can avoid paying capital gains on $250,000 (or $500,000 if married filing jointly,) if you’ve lived in the home 2 of the last 5 years. On the flipside there is the potential to write off expenses on a rental. If renting your home is a potential I recommend talking to a CPA who specializes in Real Estate. They can better explain the ins and outs of how each option could impact your future taxes.

It’s a big decision.

Wether you plan to sell or rent, take the time to do your homework. Understanding what each option can mean for your investment and life goals is an important step in making the right decision. Reach out to professionals to get accurate and timely information.

 

Posted on October 28, 2016 at 10:13 pm
Paul Sardoch | Category: Market, Real Estate News, Uncategorized | Tagged , ,