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$1,075,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 3,189 Sq. Ft.
  • Updated 3 days ago
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In the heart of Lake Grove, just minutes from cafés, shops, parks, and the Lake Grove Swim Park, this 1948 Cape Cod home offers timeless charm and exceptional walkability. With access to three private lake easements, boating, paddleboarding, and swimming become part of everyday life. Oak floors run through much of the home, adding warmth throughout the main living spaces. The entry opens to a formal dining room, with the nearby living room featuring a wood-burning fireplace and built-in shelving and buffet. The kitchen includes white cabinetry, butcher block countertops, stainless steel appliances with a gas range, tile backsplash, and a walk-in pantry, along with a drop zone leading to the backyard. The main-level primary suite includes built-in closet storage, a French door to the deck, and an ensuite bath with double vanity and step-in shower. An adjoining flex room works well as a home office, nursery, or expanded closet. Upstairs are two bedrooms-including one with a walk-in closet and custom shelving-a full bath, and a spacious landing ideal for a study or workspace. The finished lower level expands the living space with a family room featuring a second fireplace, a large room perfect for an office or non-conforming 4th bedroom, and generous storage. A private exterior entrance provides convenient access to the lower level for guests or work-from-home needs. The fenced yard with deck and patio offers space for outdoor dining, gardening, and play, while the oversized detached two-car garage includes covered storage for bikes and lake gear. Recent updates include a brand-new roof, a recently replaced furnace, and central air system.

Full Property Details for 16038 Reese Rd

General

  • Price: $1,075,000
  • Taxes: $8,867 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 744656836
  • Updated: 3/13/2026
  • Added to Site: 5 day(s) ago

Interior

  • Interior Features: 3rd Floor, Concrete Floor, Engineered Bamboo, Granite, Hardwood Floors, Laundry, Wainscoting, Washer/Dryer
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Appliances, Pantry, Range Hood, Stainless Steel Appliance(s), Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper - Full Baths: 1
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4
  • Primary Bedroom: 13 x 12, Main, 156 Sq. Ft.
  • Bedroom 2: 16 x 13, Upper, 208 Sq. Ft.
  • Bedroom 3: 12 x 12, Upper, 144 Sq. Ft.

Other Rooms

  • Living Room: 20 x 13, Main, 260 Sq. Ft.
  • Family Room: 24 x 14, Lower, 336 Sq. Ft.
  • Kitchen: 15 x 14, Main, 210 Sq. Ft.
  • Dining Room: 15 x 13, Main, 195 Sq. Ft.
  • Den: 14 x 9, Lower
  • Laundry: 35 x 15, Lower

Exterior

  • Exterior Features: Patio, Porch, Satellite Dish, Sprinkler, Yard

Parking

  • Garage: Yes
  • Total Spaces: 2
  • Parking Features: Driveway

Location

  • County: Clackamas
  • Subdivision: LAKE GROVE
  • Driving Directions: From Boones Ferry Rd, South on Reese, Home on left

School Information

  • Elementary School: Lake Grove
  • Middle School: Lake Oswego
  • High School: Lake Oswego

Community

  • Community Name: 147 - Lake Oswego, West Linn

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Capecod
  • Basement Desc.: Partially Finished
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 3,189
  • Year Built: 1948
  • Property Condition: Resale

Lot Features

  • Lot Size: 10, 000 to 14, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Tax Amount: $8,867.36
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA

Disclosures and Reports

  • Legal Description: 339 LAKE VIEW VILLAS PT LT 64
  • Disclosures/Reports: Disclosure
  • Property ID: 242437

Listed by Keller Williams Realty Portland Premiere (503) 597-2444, Lara James (503) 819-6097 and Keller Williams Realty Portland Premiere (503) 597-2444, Pam Waldman (503) 679-1788

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Listing agents

— 16038 Reese Rd —

  • Lara James

    Keller Williams Realty Portland Premiere

    503-597-2444

  • Pam Waldman

    Keller Williams Realty Portland Premiere

    503-597-2444

503-819-6097

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 16038 Reese Rd

School District:Lake Oswego School District 7j
NameGradesDistance
Lake Grove Elementary School, Lake Oswego, OR
15777 Southwest Boones Ferry Road, Lake Oswego, OR 97035
K-50.9 mi
Lake Oswego Junior High School
2500 Country Club Road, Lake Oswego, OR 97034
6-81.2 mi
Lake Oswego Senior High School
2501 Country Club Road, Lake Oswego, OR 97034
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16038 Reese Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/12/2026
Listed
$1,075,000
53.57%
MLS
5/12/2017
Sold
$700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 16038 Reese Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,867
3%
$461,743
3%
2024
$8,631
3%
$448,295
3%
2023
$8,377
12%
$435,238
6%
2021
$7,508
-8%
$410,255
-3%
2022
$8,129
8%
$422,562
6%
2021
$7,508
5%
$398,306
3%
2019
$7,139
5%
$386,705
3%
2018
$6,789
-28%
$375,442
3%
2017
$9,412
109%
$364,507
36%
2016
$4,509
4%
$267,559
3%
2015
$4,356
1%
$259,766
3%
2014
$4,300
5%
$252,200
6%
2013
$4,090
—
$237,218
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams Realty Portland Premiere (503) 597-2444, Lara James (503) 819-6097 and Keller Williams Realty Portland Premiere (503) 597-2444, Pam Waldman (503) 679-1788

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16038 Reese Rd, Lake Oswego, OR 97035 (MLS# 744656836) is a Single Family property with 4 bedrooms and 3 full bathrooms. 16038 Reese Rd is currently listed for $1,075,000 and was received on March 12, 2026. Want to learn more about 16038 Reese Rd? Do you have questions about finding other Single Family real estate for sale in Lake Oswego? You can browse all Lake Oswego real estate or contact a Coldwell Banker agent to request more information.

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