16038 Reese Rd

Lake Oswego, OR 97035

$1,025,000
Price
4
Beds
3,189 Sq. Ft.
$321 / Sq. Ft.
3,189
Sq. Ft.
$321
per Sq. Ft.
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Description

In the heart of Lake Grove, just minutes from cafes, shops, parks, and Lake Grove Swim Park, this timeless Cape Cod blends vintage charm with a layout designed for modern living. What sets this home apart is its thoughtfully designed separation of space—creating three distinct living zones that make everyday life easier. The main-level primary suite is set apart from the rest of the home, offering privacy and quiet, with built-in closet storage, an ensuite bath with double vanity and step-in shower,...In the heart of Lake Grove, just minutes from cafes, shops, parks, and Lake Grove Swim Park, this timeless Cape Cod blends vintage charm with a layout designed for modern living. What sets this home apart is its thoughtfully designed separation of space—creating three distinct living zones that make everyday life easier. The main-level primary suite is set apart from the rest of the home, offering privacy and quiet, with built-in closet storage, an ensuite bath with double vanity and step-in shower, and French doors opening to the deck. An adjoining flex room provides the perfect space for a home office, nursery, or expanded dressing area—creating a true retreat. The main living areas feature oak floors, a formal dining room, and a living room with wood-burning fireplace, built-in shelving, and buffet. The kitchen includes white cabinetry, butcher block countertops, stainless steel appliances with gas range, tile backsplash, a walk-in pantry, and a drop zone leading to the backyard. Upstairs you’ll find two bedrooms, a full bath, and a spacious landing ideal for a study area, workspace, or hangout zone. The larger of the two bedrooms includes a huge walk-in closet, providing the option for a 2nd primary or fantastic guest suite. The finished lower level adds a completely separate living area with a family room and second fireplace, plus a large room ideal for a home office, guest space, or 4th bedroom. With its own exterior entrance, this level offers flexibility for hosting, work-from-home needs, or a private retreat. Outside, enjoy a fenced yard with deck and patio for outdoor dining, gardening, and play. The oversized detached two-car garage offers additional covered storage for bikes and lake gear. A brand new roof and furnace provide peace of mind, while access to three private lake easements and the Swim Park make boating, paddleboarding, and swimming part of everyday life.
  1. Listed by Lara James • Keller Williams Realty Portland Premiere • 503-819-6097
  2. Listed by Pam Waldman • Keller Williams Realty Portland Premiere

Property Details for 16038 Reese Road

Style
Capecod
Subdivision
LAKE GROVE
Parking Features
Driveway
Garage Spaces
2.00
Parking Total
2.00
LISTING UPDATED: 04/05/2026 12:12 AM

Property Details for 16038 Reese Road

StatusActive
MLS #744656836
Days on Market24
Taxes$8,867 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1948
Lot Size-
CountyClackamas County
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Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 16038 Reese Road

Stories3Year Built1948Building Size-Lot Size-

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$5,900 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,161

Property Taxes

$739

HOA Dues

$0

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Property Information for 16038 Reese Road

Summary
Location and General Information
  • Accessibility Features: Main Floor Bedroom Bath
  • Country: US
  • Directions: From Boones Ferry Rd, South on Reese, Home on left
  • Road Surface: Paved
School Information
  • Elementary School: Lake Grove
  • High School: Lake Oswego
  • Middle Or Junior School: Lake Oswego
Parking
  • Garage Type: Detached
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $8,867.36
  • Parcel Number: 00242437
  • Tax Legal Description: 339 LAKE VIEW VILLAS PT LT 64
Property
Lot Information
  • Lot Description: Level
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
  • SqFt Source: Trio
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Resale
  • Year Built: 1948
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Exterior Features: Patio, Porch, Satellite Dish, Sprinkler, Yard
  • Roof Type: Composition
Interior Features
  • Basement: Partially Finished
  • Fireplace Description: Wood Burning
  • Fireplaces Total: 2
  • Interior Features: Floor3rd, Concrete Floor, Engineered Bamboo, Granite, Hardwood Floors, Laundry, Wainscoting, Washer Dryer
  • SqFt Calculated: 2109
  • SqFt Lower Level Total: 1080
  • SqFt Main Level Total: 1315
  • SqFt Upper Level Total: 794
  • Bedrooms Total: 4
  • Stories: 3
  • Baths Total: 3.0
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Additional Features: Barn Door, Closet, Double Sinks, Ensuite, Walkin Closet, Walkin Shower
  • Primary Bedroom Level: Main
  • Primary Bedroom SqFt: 156
  • Primary Bedroom Length: 13
  • Primary Bedroom Width: 12
  • Primary Bedroom Features: Exterior Entry, Hardwood Floors
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Length: 16
  • Bedroom 2 Width: 13
  • Bedroom 2 Level: Upper
  • Bedroom 2 SqFt: 208
  • 2nd Bedroom Features: Builtin Features, Hardwood Floors
  • 2nd Bedroom Additional Features: Walkin Closet
Bedroom 3
  • Room Description: _3rd Bedroom
  • Bedroom 3 Length: 12
  • Bedroom 3 Width: 12
  • Bedroom 3 Level: Upper
  • Bedroom 3 SqFt: 144
  • 3rd Bedroom Features: Hardwood Floors
  • 3rd Bedroom Additional Features: Closet
Dining Room
  • Room Description: Dining Room
  • Dining Room Features: Builtin Features, Hardwood Floors
  • Dining Room Length: 15
  • Dining Room Width: 13
  • Dining Room Level: Main
  • Dining Room SqFt: 195
Family Room
  • Room Description: Family Room
  • Family Room Additional Features: Bamboo Floor
  • Family Room Length: 24
  • Family Room Width: 14
  • Family Room Level: Lower
  • Family Room SqFt: 336
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Dishwasher, Disposal, Free Standing Gas Range, Free Standing Refrigerator, Gas Appliances, Pantry, Range Hood, Stainless Steel Appliance, Tile
  • Kitchen Room Features: Dishwasher, Eating Area, Gas Appliances, Hardwood Floors, Pantry
  • Kitchen Room Additional Features: Free Standing Range, Free Standing Refrigerator
  • Kitchen RoomLength: 15
  • Kitchen RoomWidth: 14
  • Kitchen Room Level: Main
  • Kitchen Room SqFt: 210
Living Room
  • Room Description: Living Room
  • Living Room Features: Builtin Features, Fireplace, Hardwood Floors
  • Living Room Length: 20
  • Living Room Width: 13
  • Living Room Level: Main
  • Living Room SqFt: 260
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 2
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 2.0
  • Bathrooms Full: 3
  • Baths Partial: 0
  • Total Bathrooms: 3
  • Baths Upper Leve lFull: 1
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 1.0
Additional Room 1
  • Additional Room 1 Description: Laundry
  • Additional Room 1 Length: 35
  • Additional Room 1 Level: Lower
  • Additional Room 1 SqFt: 525
  • Additional Room 1 Width: 15
Additional Room 2
  • Additional Room 2 Description: Den
  • Additional Room 2 Length: 14
  • Additional Room 2 Level: Lower
  • Additional Room 2 SqFt: 126
  • Additional Room 2 Width: 9
Additional Room 4
  • Additional Room 4 Additional Features: Washer Dryer
Additional Room 5
  • Additional Room 5 Features: Builtin Features
  • Additional Room 5 Additional Features: Bamboo Floor
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 3189

Property History for 16038 Reese Road

DateEvent & SourcePriceAppreciation
May 12, 2017

Sold (Public Record)

Public Record #596067241

$700,000

+16.2% / yr

Mar 10, 2014

Sold (Public Record)

Public Record #411130211

$435,000—
DateEvent & SourcePrice
05/12/2017

Sold (Public Record)

Public Record #596067241

$700,000

+16.2% / yr

03/10/2014

Sold (Public Record)

Public Record #411130211

$435,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16038 Reese Road

Taxable ValueLand-Additions-Total-
Tax Record2025$8,867 ($739 / month)
Home Facts
Beds4Baths3Total Finished SqFt3,189 SqFtAbove Grade Finished SqFt3,189 SqFtStories1Lot Size9,977 SqFtStyleSingle Family ResidenceYear Built1948ZoningR-7.5CountyCLACKAMASAPN21E08CB02900Fireplace TypeHas Fireplace

Schools near 16038 Reese Road

This home is within Lake Oswego School District 7j.
Rating
School
Type
Grades
Distance
Lake Grove Elementary School
Public - K to 5
Lake Oswego Junior High School
Public - 6 to 8
Lake Oswego Senior High School
Public - 9 to 12
Palisades World Language School
Public - K to 5
Rating
School
Distance
Lake Grove Elementary School
PublicK to 5

Lake Oswego Junior High School
Public6 to 8

Lake Oswego Senior High School
Public9 to 12

Palisades World Language School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16038 Reese Road, Lake Oswego, OR 97035

16038 Reese Road is a single family home for sale in Lake Oswego, OR 97035. This property was listed for sale on March 12, 2026 by Keller Williams Realty Portland Premiere, it's currently listed at $1,025,000. It has been on the market for a total of 24 days and was last sold on May 12, 2017. This listing's school district is Lake Oswego School District 7j. Nearby schools include Lake Grove Elementary School, Lake Oswego Junior High School and Lake Oswego Senior High School. 16038 Reese Road is a 4-bed, 3-bath, 3,189 sqft single family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Premiere

All information provided is deemed reliable but is not guaranteed and should be independently verified. The 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 brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 04/05/2026 12:12 AM