$1,950,000

785 3rd St Lake Oswego, OR 97034

$10,000
Closing credit¹
4 beds
2 full
3,010 sqft
0.2 acres
$648 / sqft
House

Property details

About 785 3rd St

Nestled in the heart of Lake Oswego’s coveted First Addition/Forest Hills neighborhood, this stunning 2012 custom-built Craftsman offers timeless design, modern comfort, and elegant spaces in a premier location. Thoughtfully designed with both form and function in mind, the home features four spacious bedrooms upstairs, including an oversized primary suite with a spa-inspired ensuite bath and a generous walk-in closet. As you step inside, you’re welcomed by the expansive living room filled with natural light, centered around a cozy gas fireplace flanked by custom built-ins. This warm and inviting space flows seamlessly into a grand formal dining room—perfect for large gatherings and holidays—with direct access to one of two outdoor decks. Just beyond the dining room, French doors open to a large main-level den, offering flexible space for a home office, library, or playroom. The gourmet kitchen is a true showstopper, with high-end appliances, custom cabinetry, and plenty of room to cook and connect. A spacious mudroom keeps daily life organized and leads to a detached one-car garage. Outside, enjoy two thoughtfully designed decks and a fully fenced backyard—ideal for relaxing, entertaining, or letting pets and kids play freely. Located just blocks from Lake Oswego’s vibrant downtown, this home offers unbeatable access to top-rated schools, farmer’s markets, boutique shopping, cafes, and the Lake Theater & Café. The First Addition neighborhood is one of the city’s most beloved areas, known for its charming tree-lined streets, friendly community feel, and walkability. Families are drawn to the area for its proximity to award-winning Lake Oswego schools, which consistently rank among the best in Oregon for academics, athletics, and student support. From the quality craftsmanship to the flexible floor plan and unbeatable location, this is a rare opportunity to own a truly special home in one of the most desirable neighborhoods in Lake Oswego.

Highlights

Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size3,010 sqft
Lot size0.2 Acres
Year built2012
ParkingDriveway
MLS #318740990
Garage1 space
FireplaceGas Fireplace

Virtual tour

Summary

  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave
  • Basement: No
  • Flooring Type: Hardwood
  • Interior: High Ceilings, Laundry, Soaking Tub
  • Fireplace: Gas Fireplace
  • Total Bedroom Count: 4
  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Driveway
  • Exterior: Covered Deck, Fence, Porch, Sprinklers, Yard
  • Architectural Style: Craftsman
  • Heating: Forced Air
  • Cooling: Central Air
  • List Price: $1,950,000
  • Price/SqFt: $647
  • Annual Tax Amount: $16,806
  • Tax Year: 2023
  • Lot: Level
  • Directions: From State St, W on D St, N on 3rd St to home
  • Year Built: 2012
  • Stories: 2
  • Living Area: 3,010 SqFt
  • Lot Size: 0.2 Acres
  • MLS Number: 318740990
  • MLS Name: Regional Multiple Listing Service, Inc.
  • Office Name: eXp Realty, LLC
  • Office Phone: (503) 329-5131
  • Listing Agent: Lauren Sheehan

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 © 2025 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: 5/13/2025, 1:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of home featuring a fenced front yard and a porch

$1,950,000

785 3rd St

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Jan 26, 2012
Home Sold
$368,000
Aug 01, 2011
Home Sold
$290,150
Jan 21, 2004
Home Sold
$389,200
Oct 24, 2002
Home Sold
$304,308

Tax history

YearAssessmentProperty Tax
2023$875,064$16,806
2022$849,577$16,307
2021$824,833$15,060
2020$800,809$14,682
2018$754,840$13,618
2017$732,854$13,140

History based on county public records data.

Nearby schools

8

Forest Hills Elementary School

Public District KG-5

0.5 mi

1133 Andrews Rd

2

Oak Grove Elementary School

Public District PK-5

1.1 mi

2150 SE Torbank Rd

7

Hallinan Elementary School

Public District KG-5

1.4 mi

16800 Hawthorne Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $104,492. Most Lake Oswego, OR residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

14%
<35k
34%
35k-100k
29%
100k-200k
23%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

39%
Single, No Kids
9%
Single, with Kids
29%
Married, No Kids
23%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
10%
12-17 yrs old
11%
18-34 yrs old
48%
35-64 yrs old
17%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • Men's TennisMen's Tennis
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • NordstromNordstrom
  • BloomingdalesBloomingdales
  • Chico'sChico's

Where do the neighbors go to eat?

  • California Pizza KitchenCalifornia Pizza Kitchen
  • Bonefish GrillBonefish Grill
  • ChipotleChipotle

What do the neighbors drive?

  • BMWBMW
  • LexusLexus
  • CadillacCadillac

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • NewsNews
  • ClassicalClassical
All data provided by Home Junction and Claritas

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Frequently asked questions

About 785 3rd St

The listing price of 785 3rd St property is $1,950,000.

The property 785 3rd St is a house located in Lake Oswego, Oregon, 97034.

Active Listing: 785 3rd St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 785 3rd St are: Forest Hills Elementary School (GreatSchools Rating 8/10), Oak Grove Elementary School (GreatSchools Rating 2/10), Hallinan Elementary School (GreatSchools Rating 7/10), Riverdale Grade School (GreatSchools Rating 8/10), Lake Oswego Junior High School (GreatSchools Rating 8/10), Wilbur Rowe Middle School (GreatSchools Rating 2/10), New Urban High School (GreatSchools Rating 4/10), Milwaukie Academy of the Arts (GreatSchools Rating 9/10), Milwaukie High School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2023 is $16,806 (source: MLS/based on county public records data).

The last sale was on January 26, 2012 for $368,000 (source: MLS/tax record).

The property at 785 3rd St has 4 bedrooms and 3 bathrooms.

The property 785 3rd St is 3,010 SqFt (source: MLS/tax record).

The year of construction for 785 3rd St is 2012.

This home is located at 785 3rd St in Lake Oswego, OR and zip code 97034. This 3,010 square foot home, which was built in 2012, sits on a 0.20 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 8, 2025 and is currently priced at $1,950,000.

While more than 13 listings in Lake Oswego, OR in April 2025 were sold above asking price, there were more than 14 listings sold at asking price, and more than 32 were sold below. The number of listings in Lake Oswego, OR increased by 29% between March and April 2025. While the average time on the market in April 2025 was 60 days, the median list price was $901,000.

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

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