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1135 Lakewood Dr SW, Albany, OR, 97321

4beds
3baths
2,564sqft
$524,900
$205price/sqft
$3,884/moest. monthly cost
$155,360/yrincome needed

About This Home

Priced below appraisal value! Well-designed one-level home featuring an efficient and functional floor plan. The kitchen offers a breakfast bar and opens seamlessly to the dining area and LR—ideal for everyday living and entertaining. A vaulted bonus room provides flexible space and could serve as a second FR, home office, or potential separate living space with modifications. Situated on a corner lot with a large RV pad. Enjoy outdoor living on the east-facing patio with pergola equipped with electricity.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

8/10
4/10
Memorial Middle SchoolGrades 6-80.8 mi
8/10
West Albany High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1973

Materials

  • Foundation: Continuous,Slab
  • Roof: Composition,See Remarks
  • Construction materials: Cedar,Composite,Lap Siding,T111

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Down Draft,Electric Range,Gas Water Heater
  • Laundry features: Main Level

Bedroom2

  • Level: Main
  • Area: 140

Bedroom3

  • Level: Main
  • Area: 162.5

Bedroom4

  • Level: Main
  • Area: 127

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Features: Area (Combination)
  • Level: Main
  • Area: 168

Family Room

  • Level: Main
  • Area: 391

Features

  • Other(Refer to Remarks)
  • Flooring: Carpet,Laminate,Tile
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Zoned
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,564
  • Total interior livable area: 2,564 sqft

Kitchen

  • Level: Main
  • Area: 90

Living Room

  • Level: Main
  • Area: 233.79999999999998

Master Bedroom

  • Level: Main
  • Area: 260.40000000000003

Property

Details

  • Parcel number: 00147161
  • Zoning: RS

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio
  • Exterior features: Brown
  • Fencing: Fenced
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 9,583 sqft
  • Features: Irregular Lot,Landscaped
  • Lot size dimensions: irreg

Parking

  • Total spaces: 2
  • Parking features: Attached,RV Access/Parking
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Strong Wind
Heat Wave
Lightning
Winter Weather

FEMA Declared Disasters in Linn County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance *$110$1,320
Property Taxes $888$10,656
Electricity $232$2,792
Total$3,884$46,608
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$133,165/yr
40% on housing$116,520/yr
45% on housing$103,573/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$205This listing

vs Other Active Listings

Avg $/sqft

ZIP 97321$231
Linn County$240

vs Homes Sold Last Month

Median $/sqft

ZIP 97321$266
Linn County$285

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-15Price change$555,000
2026-01-30Listed for sale$575,000
2023-04-21Sold$575,000
2023-03-21Contingent$620,000
2023-02-25Listed for sale$620,000
2020-04-07Sold$365,000
2020-02-14Price change$370,000
2019-12-02Price change$389,000
2019-09-27Price change$399,000
2019-09-10Listed for sale$419,000
2015-04-29Sold$260,000
2013-02-12Listing removed$284,900
2012-10-31Listed for sale$284,900
2005-09-23Sold$249,000

For Sale by Agent

AgentJOYCE STRINGER
BrokerageStringer Real Estate Llc

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