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.
Single-familyProperty Type
1948Year Built
$306Price/Sq.Ft.
2 car garageParking
Listed by Lara James• Keller Williams Realty Portland Premiere
Listed by Pam Waldman• Keller Williams Realty Portland Premiere
Contact: 503-819-6097
Bought with John Nieland• Cascade Hasson Sotheby's International Realty
Est. $4,833 per month, based on comparable rentals
Sale and tax history for 16038 Reese Rd
Sale History
Tax History
Date
Event
Price
Public Records
May 8, 2026
Sold
$975,600
$306/sq ft
RMLS #744656836
May 8, 2026
Sold
$975,000
$306/sq ft
Apr 6, 2026
Pending
—
Mar 19, 2026
Price Changed
$1,025,000
$321/sq ft
Mar 12, 2026
Listed
$1,075,000
$337/sq ft
RMLS #17490326
May 15, 2017
Sold
$700,000
$220/sq ft
Apr 18, 2017
Pending
—
Apr 10, 2017
Price Changed
$699,900
$219/sq ft
Mar 16, 2017
Relisted
—
Mar 7, 2017
Pending
—
Mar 3, 2017
Listed
$729,900
$229/sq ft
Cape cod charmer with incredible walk-ability score and lake access, in the heart Lake Oswego. 4 bed, 3 bath, 3100+ square feet. Two masters/one master suite, updated entertainers kitchen with pantry, theater/bonus room. Separate living option in fully finished basement. Enjoy the covered porch,deck and yard, a gardeners delight. Office/den, large living room with wood burning fireplace, laundry and mud room. Huge garage with wood shed!
RMLS #13668637
Mar 12, 2014
Sold
$435,000
$136/sq ft
Dec 19, 2013
Pending
—
Dec 16, 2013
Listed
$439,000
$138/sq ft
+11
Custom built Lake Oswego Cape Cod Cottage, with over 3,100 sq/ft + Master Suite on main floor.3 bed/3 full bath + den/craft room w/large built in cabs. Spacious country kitchen features island w/eating bar, gas appliances and pantry. Living room features red brick fireplace and hardwood floors; archway entrance to dining room with built in buffet. Downstairs family room with wood burning fireplace and an office.
Public Records
Apr 1, 1991
Sold
$110,000
$34/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,867 (+2.7%)
2024
$8,631 (+3.0%)
2023
$8,377 (+3.1%)
2022
$8,129 (+8.3%)
2021
$7,508 (+2.6%)
2020
$7,319 (+2.5%)
2019
$7,139 (+5.2%)
2018
$6,789 (−27.9%)
2017
$9,412 (+108.7%)
2016
$4,509 (+3.5%)
2015
$4,356 (+1.3%)
2014
$4,299 (+5.1%)
2013
$4,090 (+2.9%)
2012
$3,975 (+3.5%)
2011
$3,839 (+1.7%)
2010
$3,774
2009
$3,774
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Sq. Ft.
3,189
Year built
1948
Style
Single Family Residential
County
Clackamas County
APN
00242437
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 18, 2026.
R-7.5
LGO
Residential-Low Density Zone
To provide lands for single-family residential development with densities ranging from 2 to 5 dwelling units per gross acre, and to provide lands for middle housing development.
Zone overlays
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Communications tower
Housing-Mobile home park
Aug 21, 2020 • Final
Residential plumbing
Remove and replace a water service line and backflow preventer.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Driveway
Parking Total: 2
Garage Information
Garage Type: Detached
Garage Spaces: 2
Interior
Virtual Tour Information
Virtual Tour Type: Virtual
Has Virtual Tour Unbranded: Yes
Virtual Tour Type 2: 3-D Tour
Has Virtual Tour Unbranded 2: Yes
Appliances
Appliances: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Appliances, Pantry, Range Hood, Stainless Steel Appliance(s), Tile