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Active
    • $949,900

    16025 SE Palermo Ave, Happy Valley, OR 97086

    4beds
    3,976sqft
    : 
    $6,594/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 2012
    -- sqft lot
    $-- Zestimate®
    $239/sqft
    $-- HOA

    What's special

    Floor-to-ceiling stone fireplaceSoaring ceilingsBeautifully remodeled primary suiteSoaking tubOversized walk-in shower
    Welcome to this stunning custom home where timeless craftsmanship and thoughtfully designed living spaces create an unforgettable first impression. The dramatic living room is anchored by a floor-to-ceiling stone fireplace, soaring ceilings, and expansive windows that fill the home with natural light. Offering four bedrooms plus a dedicated office, each bedroom features its own walk-in closet, blending luxury with everyday functionality. At the heart of the home, the beautifully appointed chef's kitchen is designed for effortless entertaining and opens seamlessly to the main living areas. French doors lead to an incredible covered outdoor living space featuring a built-in grilling station with a built-in refrigerator, generous prep and serving space, and a stunning stone fireplace, creating the perfect setting for year-round entertaining. Retreat to the beautifully remodeled primary suite featuring a spa-inspired bathroom with heated marble floors, an oversized walk-in shower, soaking tub, and spacious walk-in closet. The private lower level feels like a home of its own, offering a spacious family room, an entertainment bar with a built-in microwave and refrigerator, a fourth bedroom, full bathroom, and private exterior entrance—ideal as a private guest suite, for multigenerational living, extended guests, a teenager's retreat, or added privacy for visitors. Nestled in one of Happy Valley's most desirable neighborhoods, this remarkable home offers refined living, exceptional flexibility, and the rare benefit of no HOA.
    23 days
    1,471
    98

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    April Keesey 503-718-4086,

    Windermere Heritage

    Source: RMLS (OR),MLS#: 265745853MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • Partial bathrooms: 1
      • Main level bathrooms: 1
      Rooms
      • Room types: Bedroom 4, Office, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Features: Engineered Hardwood, Jetted Tub, Marble, Soaking Tub, Tile Floor, Walkin Closet, Walkin Shower
      • Level: Upper
      • Area: 418
      • Dimensions: 22 x 19
      Bedroom 2
      • Features: Bathroom, Bathtub With Shower, Engineered Hardwood, Walkin Closet
      • Level: Upper
      • Area: 240
      • Dimensions: 20 x 12
      Bedroom 3
      • Features: Bathroom, Bathtub With Shower, Engineered Hardwood, Walkin Closet
      • Level: Upper
      • Area: 182
      • Dimensions: 14 x 13
      Bedroom 4
      • Features: Bathroom, Builtin Features, Engineered Hardwood, Walkin Closet, Walkin Shower
      • Level: Lower
      • Area: 168
      • Dimensions: 14 x 12
      Dining room
      • Features: Formal, Engineered Hardwood
      • Level: Main
      • Area: 140
      • Dimensions: 14 x 10
      Family room
      • Features: Builtin Features, Microwave, Engineered Hardwood, Free Standing Refrigerator
      • Level: Lower
      • Area: 420
      • Dimensions: 21 x 20
      Kitchen
      • Features: Dishwasher, Eat Bar, Gas Appliances, Gourmet Kitchen, Island, Microwave, Pantry, Builtin Oven, Free Standing Refrigerator, Granite, High Ceilings, Tile Floor
      • Level: Main
      • Area: 300
      • Width: 15
      Living room
      • Features: Fireplace, High Ceilings
      • Level: Main
      • Area: 286
      • Dimensions: 22 x 13
      Office
      • Features: Builtin Features, French Doors, Engineered Hardwood
      • Level: Main
      • Area: 169
      • Dimensions: 13 x 13
      Heating
      • Forced Air, Fireplace(s)
      Cooling
      • Central Air
      Appliances
      • Included: Built In Oven, Cooktop, Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Microwave, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Gas Water Heater
      • Laundry: Laundry Room
      Features
      • Floor 3rd, Central Vacuum, Granite, High Ceilings, Marble, Soaking Tub, Sound System, Bathroom, Built-in Features, Walk-In Closet(s), Walkin Shower, Bathtub With Shower, Formal, Eat Bar, Gourmet Kitchen, Kitchen Island, Pantry, Tile
      • Flooring: Engineered Hardwood, Heated Tile, Tile
      • Doors: French Doors
      • Windows: Double Pane Windows, Vinyl Frames
      • Basement: Crawl Space,Finished
      • Number of fireplaces: 1
      • Fireplace features: Gas, Outside
      Interior area
      • Total structure area: 3,976
      • Total interior livable area: 3,976 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, On Street, Garage Door Opener, Attached
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Garage On Main, Kitchen Cabinets, Natural Lighting, Parking, Utility Room On Main, Accessibility
      Features
      • Stories: 3
      • Patio & porch: Covered Patio, Patio, Porch
      • Exterior features: Gas Hookup, Yard
      • Has spa: Yes
      • Spa features: Bath
      • Fencing: Fenced
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Features: Private, Trees, Sprinkler, SqFt 5000 to 6999
      Details
      • Additional structures: GasHookup, SeparateLivingQuartersApartmentAuxLivingUnit
      • Parcel number: 05023925
      • Zoning: R15

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary,Traditional
      • Property subtype: Residential, Single Family Residence
      Materials
      • Cement Siding, Spray Foam Insulation, Stone
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Resale
      • New construction: No
      • Year built: 2012

      Utilities & green energy

      • Gas: Gas Hookup, Gas
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Happy Valley

      Financial & listing details

      • Price per square foot: $239/sqft
      • Tax assessed value: $1,083,250
      • Annual tax amount: $12,516
      • Date on market: 8/7/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Concrete, Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/8/2026Listed for sale$949,900+8.6%$239/sqft
        Source: RMLS (OR) #265745853 Report a problem
        10/19/2022Sold$875,000+3%$220/sqft
        Source: RMLS (OR) #22031067 Report a problem
        9/27/2022Pending sale$849,900$214/sqft
        Source: RMLS (OR) #22031067 Report a problem
        9/23/2022Listed for sale$849,900+7%$214/sqft
        Source: RMLS (OR) #22031067 Report a problem
        1/7/2021Listing removed--
        Source: Keller Williams Report a problem
        9/26/2020Listed for sale$794,500+58.9%$200/sqft
        Source: Host Realty LLC #20020223 Report a problem
        9/21/2015Sold$499,900$126/sqft
        Source: RMLS (OR) #14082728 Report a problem
        6/3/2015Pending sale$499,900$126/sqft
        Source: America's Best Realty, LLC #14082728 Report a problem
        3/20/2015Listed for sale$499,900$126/sqft
        Source: America's Best Realty, LLC #14082728 Report a problem
        3/13/2015Pending sale$499,900$126/sqft
        Source: America's Best Realty, LLC #14082728 Report a problem
        3/13/2015Listed for sale$499,900$126/sqft
        Source: America's Best Realty, LLC #14082728 Report a problem
        1/11/2015Listing removed$499,900$126/sqft
        Source: America's Best Realty #14082728 Report a problem
        10/1/2014Price change$499,900-9.1%$126/sqft
        Source: America's Best Realty #14082728 Report a problem
        7/15/2014Price change$549,900-8.3%$138/sqft
        Source: America's Best Realty #14082728 Report a problem
        7/9/2014Listed for sale$599,900+669.1%$151/sqft
        Source: America's Best Realty #14133675 Report a problem
        5/1/2012Sold$78,000$20/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,516 +3.6%$634,105 +3%
        2024$12,076 +2.9%$615,636 +3%
        2023$11,734 +2.7%$597,705 +3%
        2022$11,426 +6.7%$580,297 +3%
        2021$10,711 +3.3%$563,396 +3%
        2020$10,374 +1.5%$546,987 +3%
        2019$10,218 +13.8%$531,056 +3%
        2018$8,980 +6.5%$515,588 +3%
        2017$8,431 +12%$500,571 +14.9%
        2016$7,526 $435,739 +3%
        2015$7,526 +2.9%$423,048 +3%
        2014$7,312 +365.2%$410,726 +365.7%
        2013$1,572 +25.7%$88,189 +20%
        2012$1,251 $73,486
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 97086

        Getting around

        51 / 100
        Somewhat Walkable
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Beatricecannady
        • Middle: Happy Valley
        • High: Adrienne Nelson

        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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