Meticulously maintained and move-in ready, this 2021-built Holt home offers 3 bedrooms, 2.5 bathrooms, and 1,564 sq ft of light-filled living space. The open floor plan features a cozy built-in programmable electric fireplace and a modern kitchen with top-tier LG smart appliances—including a gas stove and French door refrigerator. Upgraded microwave and dishwasher. Upstairs, the spacious primary suite includes vaulted ceilings, a walk-in closet with built-ins, smart bulbs (Google/Alexa compatible), USB outlets, and an en-suite bath with double sinks and a step-in shower., Additional upgrades include laminate wood flooring throughout (no carpets), ADA toilets, 2021 LG washer/dryer, an electronic front door lock, USB outlets in bedrooms and kitchen, staircase railing upgraded, upstairs landing, and a utility sink in the garage. Enjoy a beautifully designed backyard with a patio, solar lighting, maple and fig trees, flowering plants, herbs, and decorative stonework. The home is part of a vibrant community with extensive HOA amenities, including front yard maintenance, a clubhouse with full kitchen and game room, outdoor pool, covered basketball court, picnic areas, horseshoe pits, and multiple playgrounds with rubber safety tile. Scenic walking and biking trails wind through tree-lined paths and a charming creek. Located in the heart of Happy Valley, this home is just steps from New Seasons, Fred Meyer, Stickmen Brewing, Valley Public House, Willamette Valley Vineyards, Hand & Stone Massage, Orange Theory, medical clinics, City Hall, and diverse dining options.
Sold
$485,000
12427 SE Water Drop Way, Happy Valley, OR 97086
3beds
1,564sqft
Residential, Townhouse
Built in 2021
2,178 Square Feet Lot
$479,400 Zestimate®
$310/sqft
$2,730 Estimated rent
Home value
$479,400
$446,000 - $513,000
$2,730/mo
Zestimate® history
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List your homeWhat's special
Light-filled living spaceSolar lightingUsb outletsWalk-in closet with built-insSmart bulbsBeautifully designed backyardVaulted ceilings
Zillow last checked:
Listing updated:
Listed by:
Martine Tammik 503-317-0000,
Keller Williams Sunset Corridor
Bought with:
Michele Montoya, 200501263
MORE Realty
Source: RMLS (OR),MLS#: 790917946
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Laundry, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Double Sinks, Laminate Flooring, Suite, Walkin Closet, Walkin Shower
- Level: Upper
- Area: 192
- Dimensions: 12 x 16
Bedroom 2
- Features: Laminate Flooring
- Level: Upper
- Area: 135
- Dimensions: 9 x 15
Bedroom 3
- Features: Laminate Flooring
- Level: Upper
- Area: 117
- Dimensions: 9 x 13
Dining room
- Features: Laminate Flooring
- Level: Main
- Area: 56
- Dimensions: 7 x 8
Family room
- Features: Fireplace, Patio, Sliding Doors, Laminate Flooring
- Level: Main
- Area: 266
- Dimensions: 14 x 19
Kitchen
- Features: Disposal, Eat Bar, Family Room Kitchen Combo, Island, Microwave, Free Standing Range, Free Standing Refrigerator, Quartz
- Level: Main
Heating
- Mini Split, Fireplace(s)
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Appliances, Microwave, Range Hood, Stainless Steel Appliance(s), Washer/Dryer, Free-Standing Range, Tankless Water Heater
- Laundry: Laundry Room
Features
- Quartz, Vaulted Ceiling(s), Eat Bar, Family Room Kitchen Combo, Kitchen Island, Double Vanity, Suite, Walk-In Closet(s), Walkin Shower, Tile
- Flooring: Laminate
- Doors: Sliding Doors
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total structure area: 1,564
- Total interior livable area: 1,564 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, On Street, Garage Door Opener, Attached
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Patio
- Exterior features: Yard
- Fencing: Fenced
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 2,178 Square Feet
- Features: Gentle Sloping, Level, Sprinkler, SqFt 0K to 2999
Details
- Parcel number: 05035869
Construction
Type & style
- Home type: Townhouse
- Architectural style: Contemporary
- Property subtype: Residential, Townhouse
- Attached to another structure: Yes
Materials
- Cement Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2021
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Satellite Internet Service
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Basketball Court, Commons, Exterior Maintenance, Front Yard Landscaping, Maintenance Grounds, Management, Meeting Room, Party Room, Pool
- HOA fee: $168 monthly
Location
- Region: Happy Valley
Financial & listing details
- Price per square foot: $310/sqft
- Tax assessed value: $474,163
- Annual tax amount: $5,169
- Date on market: 5/8/2025
- Cumulative days on market: 5 days
- Listing terms: Cash,Conventional,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2025 | Sold | $485,000-3%$310/sqft |
Source:  RMLS (OR) #790917946 Report a problem | ||
| 5/15/2025 | Pending sale | $499,900$320/sqft |
Source: RMLS (OR) #790917946 Report a problem | ||
| 5/8/2025 | Listed for sale | $499,900$320/sqft |
Source: RMLS (OR) #790917946 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,351 +3.5% | $261,231 +3% |
| 2024 | $5,169 +2.8% | $253,623 +3% |
| 2023 | $5,029 +5.3% | $246,236 +3% |
| 2022 | $4,773 +178.6% | $239,065 +203.7% |
| 2021 | $1,713 +19.2% | $78,714 +3% |
| 2020 | $1,438 | $76,422 |
Find assessor info on the county website
Neighborhood: 97086
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Nearby schools
GreatSchools rating
- 10/10Scouters Mountain Elementary SchoolGrades: K-5Distance: 0.8 mi
- 5/10Happy Valley Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Adrienne C. Nelson High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Scouters Mtn
- Middle: Happy Valley
- High: Clackamas
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$479,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$479,400
- Oregon
- Clackamas County
- Happy Valley
- 97086
- 12427 SE Water Drop Way
