Mark R. Oberle and Barbara J. Smith-Oberle have listed for sale a three-bedroom, 3.5-bath home at 7523 S. Lakeridge Drive in Seattle for $499,950.

The 2,630-square-foot house was built in 1952 in the Rainier Beach subdivision. Nina Thornsburg of Prudential Northwest Realty is the listing agent.

Mr. Oberle is the president of Griffin Pipe Products Co., which is part of a family of companies serving the transportation, construction and general industrial markets.

According to BlockShopper.com, there have been 303 home sales in Seattle during the past 12 months, with a median sales price of $205,000.

Address: 7523 South Lakeridge Drive
Buyer(s): Jennifer M Ouijance and Jennifer M Quijance
Seller(s): Mark R Oberle and Barbara J Smith
Sale date: Apr. 20, 2012