$485,000
SOLD JUN 18, 2025

12427 SE Water Drop Way Happy Valley, OR 97086

3 Beds
2.5 Baths
1,564 Sq Ft
$168/mo HOA Fee

Recently Sold

$310 Per Sq Ft

3% Below List Price

5 Days on Market

Highlights

  • Basketball Court
  • View of Trees or Woods
  • Vaulted Ceiling
  • Scouters Mountain Elementary School Rated A-
  • Contemporary Architecture
  • Quartz Countertops

About This Home

As of June 2025

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.

Last Agent to Sell the Property

Martine Tammik

Keller Williams Sunset Corridor Brokerage Phone: 503-317-0000 License #201206793 Listed on: 05/08/2025

Keller Williams Sunset Corridor

Last Buyer's Agent

Michele Montoya

MORE Realty License #200501263

MORE Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,169

Year Built

  • Built in 2021

Lot Details

  • 2,178 Sq Ft Lot
  • Fenced
  • Sprinkler System
  • Private Yard

HOA Fees

  • $168 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,564 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Electric Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Views of Woods
  • Crawl Space

Kitchen

  • Gas Oven or Range
  • Free-Standing Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Quartz Countertops
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Basketball Court
  • Patio

Schools

  • Scouters Mtn Elementary School
  • Happy Valley Middle School
  • Clackamas High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Mini Split Heat Pump
  • Tankless Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 05035869

Community Details

Overview

  • Rolling Rock Community Association, Phone Number (503) 330-2405
  • On-Site Maintenance

Amenities

  • Common Area
  • Meeting Room
  • Party Room

Recreation

  • Community Basketball Court
  • Community Pool

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,169

Year Built

Built in 2021

Lot Details

0

HOA Fees

$168 per month

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 2021
  • Property Condition: Resale
  • Property Sub Type: Attached
  • Architectural Style: Contemporary, Townhouse
  • New Construction: No
  • Property Attached Yn: Yes
  • Open House: No
  • PublicRemarksAssociation: Community features multiple playgrounds, outdoor pool with reservable indoor party space, covered basketball courts, horseshoe pits, picnic areas, and walking trails. HOA includes front yard landscaping, exterior maintenance, commons, and management.
  • Room 10 Features: Fireplace,Patio,SlidingDoors
  • Room 11 Features: Disposal,EatBar,FamilyRoomKitchenCombo,Island,Microwave
  • Special Features: None

Interior Features

  • Total Bathrooms: 2.1
  • Fireplaces: 1
  • Interior Amenities: GarageDoorOpener, Laundry, LuxuryVinylPlank, Quartz, VaultedCeiling, WasherDryer
  • Room 4 Description: Laundry
  • Room 4 Level: Upper
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: Dishwasher, Disposal, FreeStandingGasRange, FreeStandingRefrigerator, GasAppliances, Island, Microwave, Quartz, RangeHood, StainlessSteelAppliance, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Association Contact: Manager
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt0Kto2999
  • Other Room10 Area: 266
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 13 Level: Upper
  • Bedroom 7 Area: 135
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Other Room8 Area: 117
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Other Room9 Area: 56
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: Fenced, Patio, Sprinkler, Yard
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: PillarPostPier
  • View: Yes
  • Lot Features: GentleSloping, Level, PublicRoad
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, OnStreet
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Tankless
  • Internet Service Type: Cable,Satellite
  • Cooling: MiniSplit, WallUnit
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: BasketballCourt, Commons, ExteriorMaintenance, FrontYardLandscaping, MaintenanceGrounds, Management, MeetingRoom, PartyRoom, Pool
  • Senior Community: No
  • Association Fee: 168.0
  • Association Fee Frequency: Monthly
  • Association Name: Rolling Rock Community
  • Phone: 503-330-2405
  • Association: Yes
  • Association Email: info@rollingrockcm.com

Association/Amenities

  • AssociationAddress: PO BOX 6597 Beaverton OR 97007
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Scouters Mtn
  • High School: Clackamas
  • Middle Or Junior School: Happy Valley

Lot Info

  • Farm: No
  • Land Lease: No
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178.0
  • Parcel #: 05035869

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5169.25
  • Tax Opportunity Zone: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2025
Closed on
Jun 17, 2025
Sold by
Caetano Viviane De Castro
Bought by
Bartha Michael Allen and Bartha Shifra Lelia
Seller's Agent
Martine Tammik
Keller Williams Sunset Corridor
Buyer's Agent
Michele Montoya
MORE Realty
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-36.31%
Original Mortgage
$388,000
Outstanding Balance
$388,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$90,480

Purchase Details

Closed on
Nov 5, 2021
Sold by
Pleasant Valley Development Llc
Bought by
Caetano Viviane De Castro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,500
Interest Rate
2.88%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $427,465 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Sold $485,000 -3.0% $310 / Sq Ft
05/13/2025 05/13/25 Pending -- -- --
05/08/2025 05/08/25 For Sale $499,900 -- $320 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,169 $246,236 $0 $0
2022 $4,773 $239,065 $0 $0
2021 $1,713 $78,714 $0 $0
2020 $1,438 $76,422 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 790917946

Regional Multiple Listing Service (RMLS)

APN: 05035869