225 Cervantes, Lake Oswego, OR, 97035
About This Home
Step into this sweet 2 bedroom, 1.5 bathroom condo where natural light floods every corner and high ceilings create an impressive sense of space and openness. This home combines an open design with everyday comfort. The expansive open-concept layout is ideal for both relaxing and entertaining. The sun-drenched living room features oversized windows, high ceilings, and seamless flow into the dining area and kitchen— complete with beautiful countertops, stainless steel appliances, and ample pantry space. Don't forget the beautiful deck space for all your plants, sunsets and sunrises! The spacious primary suite offers a peaceful retreat with a beautifully appointed en-suite bath. Enjoy morning coffee or evening sunsets from your private balcony, surrounded by treetop views. Experience low-maintenance living at its finest. Property comes with dedicated parking which includes a 60 AMP EV charger! Great for professionals, downsizers, or first-time buyers, this unit offers comfort and convenience!
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1981
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
- Construction materials: Wood Siding
Type & Style
- Home type: Condo
- Architectural style: Contemporary
- Property subType: Residential,Condominium
Interior
Appliances
- Appliances included: Free-Standing Refrigerator,Washer/Dryer,Electric Water Heater
- Laundry features: Laundry Room
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- Partial bathrooms: 1
- Main level bathrooms: 1
Dining Room
- Level: Lower
Features
- High Ceilings,Granite,Pantry
- Window features: Double Pane Windows,Vinyl Frames
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 1,216
- Total interior livable area: 1,216 sqft
Kitchen
- Level: Lower
Living Room
- Level: Lower
Master Bedroom
- Level: Main
Property
Details
- Parcel number: R131767
- Zoning: A2
Features
- Stories: 2
- Entry location: Ground Floor
- Has view: Yes
- View description: Trees/Woods
Lot
- Features: Sloped,Trees,Wooded
Parking
- Total spaces: 1
- Parking features: Off Street,Garage Door Opener,Condo Garage (Undeeded),Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,163 | $13,956 |
| Home Insurance * | $43 | $516 |
| Property Taxes | $431 | $5,172 |
| Electricity | $176 | $2,119 |
| Total | $1,813 | $21,756 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-03 | Price change | $279,000 |
| 2026-01-16 | Price change | $288,000 |
| 2025-11-15 | Listed for sale | $295,000 |
| 2021-06-07 | Sold | $319,000 |
| 2021-04-30 | Pending sale | $319,000 |
| 2021-04-09 | Listed for sale | $319,000 |
| 2014-06-06 | Sold | $139,000 |
| 2014-05-08 | Pending sale | $135,000 |
| 2014-05-06 | Listed for sale | $135,000 |
| 2012-12-02 | Listing removed | $120,000 |
| 2012-10-18 | Pending sale | $120,000 |
| 2012-10-06 | Listed for sale | $120,000 |
| 2012-09-23 | Pending sale | $120,000 |
| 2012-09-19 | Price change | $120,000 |
| 2012-09-11 | Price change | $125,000 |
| 2012-09-05 | Price change | $129,000 |
| 2012-06-06 | Listed for sale | $134,000 |
| 2002-06-17 | Sold | $139,999 |
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