Estimated payment $8,770/month
A rare opportunity to own a home in the coveted Waverly Terrace — the first opening in the quiet upper enclave in over a decade. Nestled on a peaceful cul-de-sac, this 2013 one-owner home offers nearly 4,600 sqft of expansive, functionally smart living space. The Living Room is a gem, with soaring 19’ ceilings, fireplace, and panoramic windows providing striking views of the Japanese garden and green space beyond. The open floor plan offers amazing flexibility. There are 5 bedrooms, 3 upstairs (including the spacious Primary Suite) and 2 on the main level. The home has a dedicated office with built-in bookshelves and 2 large bonus/flex rooms—one on each level—that can be used as family, game, or media rooms or even as a 6th bedroom. The floor plan is topped off with a beautiful chef’s kitchen and 3 cozy fireplaces. Dual staircases, laundry hookups on both levels, and an upstairs kitchenette support multi-generational living. Storage abounds with 10 closets, pantry, large utility room with built-in storage, and an oversized 3-car garage with shelving. Step outside into the authentic Japanese garden designed by local landscape artist Lars Nielsen. Take in the magnificent koi pond, flowing river, waterfalls, Japanese lanterns and enchanting app-controlled RGB lighting. Enjoy viewing the prized fish (may convey) while relaxing to the sound of waterfalls on the covered heated deck. Other features include whole-house water treatment, internet and TV cabling, and a stairlift that can convey. Enjoy peaceful seclusion with unmatched convenience. Just minutes away from the Sellwood, historic Milwaukie, and the prestigious Waverly Country Club. The Springwater Corridor offers biking and running trails practically at your front door. And Clackamas Town Center, downtown Portland, and the Moda Center are surprisingly close. The renowned private “Portland Waldorf School” is within walking distance. And yes, cheaper Clackamas taxes.
| 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 |
|---|---|---|---|---|
| 2024 | $14,671 | $670,274 | -- | -- |
| 2023 | $14,671 | $650,752 | $0 | $0 |
| 2022 | $13,215 | $631,799 | $0 | $0 |
| 2021 | $12,481 | $613,398 | $0 | $0 |
| 2020 | $12,050 | $595,533 | $0 | $0 |
| 2019 | $12,062 | $578,188 | $0 | $0 |
| 2018 | $11,096 | $561,348 | $0 | $0 |
| 2017 | $10,779 | $544,998 | $0 | $0 |
| 2016 | $10,418 | $529,124 | $0 | $0 |
| 2015 | $9,919 | $513,713 | $0 | $0 |
| 2014 | $8,054 | $426,967 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | For Sale | $1,385,000 | -- | $302 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $605,000 | Fidelity National Title Co | |
| Quit Claim Deed | $7,500 | Accommodation | |
| Bargain Sale Deed | $131,000 | Fidelity Natl Title Co Of Or |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $25,000 | Credit Line Revolving | |
| Closed | $417,000 | New Conventional | |
| Previous Owner | $124,443 | Credit Line Revolving | |
| Previous Owner | $497,770 | Credit Line Revolving |
$1,775,000
A Rare Modern Masterpiece by Eric Butler Design...This is not your typical new-construction modern. Designed and built by renowned local architect and master craftsman, Eric Butler, this custom home delivers exquisite craftsmanship and thoughtful detail at every turn. Located on a quiet, private street composed entirely of modern homes — a true “Street of Dreams” — this is a rare opportunity to
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Source: Regional Multiple Listing Service (RMLS)
MLS Number: 449834179
APN: 00017868
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