If you keep to well-traveled paths of Washington County, you may not know the heights home prices can reach in the zip code 97229.
Bordered by Highway 26 and commercial districts along the south, the area extends as far north as Germantown Road and the upper reaches of Forest Park. It runs as far west as Cornelius Pass Road and as far east as Skyline Boulevard.
Now at over 60,000, the population of 97229 has grown by more than 2.5 times since 1990. There are around 25,000 housing units in the area with most (8,495) built in the 1990s followed by the 2000s (5,475).
Neighborhoods include Rock Creek, Terra Linda, Cedar Mill, Bethany, Bonny Slope and Northwest Heights. Last month the median sale price of a home in the area was $530K, an increase of 13.9 percent over the previous year according to Redfin.
The lowest priced home on the market at the moment is a 37-year-old condo in Cedar Mill with 2 bedrooms and 1 bath. It’s going for $150,000 or $185 per square foot.
So what would you guess is the top of the range in 97229? Ten or 12 times the price of the condo, maybe?
Try almost 20. The priciest home on the market is going for $2.95 million or $396 per square foot. Built in 1949, it has a pedigree. It was designed by Portland architect Wade Pipes. Better known for his homes in the Arts & Crafts style, one of which was profiled by OregonLive last September, the mansion on Penridge Road is contemporary in style. Located just off Skyline Boulevard on a site of 1.36 acres, it offers territorial views, almost 7500 square feet, old growth wooden beams, a pool, hot tub, sauna and outdoor kitchen. You can take a video tour here.
And the runners up?
- A Georgian colonial with 6411 square feet on 1.55 acres in the gated community of Hartung Farms. Built in 1985 and remodeled in 2010, it hit the market at $2.675M last May and is now priced at $2.495M. Click here for a video tour.
- A “resort-like” traditional home on just under half an acre with over 6000 square feet and a pool, hot tub and outdoor kitchen in Bauer Oaks Estates. The house was listed in July at $2.1 million. Click here for a virtual tour.
- A newly built contemporary home in Forest Heights offers territorial views from its site of 0.82 acres and 5465 square feet of living space. First listed in August of 2015 at $1.895 million, it’s now priced at $2.1 million. Click here for a video tour.