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 , ,

Tips for a Second Home Mortgage

Are you considering buying a piece of property as a second home or investment? Perhaps you are looking for a small condo or bungalow where you can escape for vacation, or maybe you want to have another home closer to family. Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can be a challenge.

Generally, a mortgage lender will have tougher standards for second home loans than primary home loans. This is because usually when you are buying a second home your finances will be stretched thinner and you will have less money to spare because you are already paying a mortgage on your primary home. This will mean that your second home mortgage can be harder to get and might have a higher interest rate.

Here are some tips to keep in mind that will help you to get the best mortgage on your second property: Build up a decent amount of savings. Your mortgage lender will want to be able to see that you have a large amount of savings so that you will have enough to pay for the mortgage even if you were to lose your job.

Pay off any credit card debt. Many lenders will be hesitant to approve your second home mortgage if they see that you have a lot of debt on your credit card. They will want to see that you have a low debt to income ratio so that you will be able to pay back the loan.

Use the first mortgage as a good reference. If you have always made your payments on time and you are most of the way through paying off your first house, you could ask someone from your current mortgage company to vouch for you. The lender for your second mortgage will be reassured that you are a reliable person to loan money to.

These are just a few tips to keep in mind in order to make getting a mortgage for your second property as easy as possible. To find out more about investing in Portland property, contact me at sardoch@windermere.com or call me (503) 913-7615. Keyword: Portland Property

Posted on August 25, 2015 at 9:30 pm
Paul Sardoch | Category: Real Estate News | Tagged , ,