NOT LISTED FOR SALE

16796 SW Colorado Ln Portland, OR 97224

River Terrace Neighborhood

Estimated Value: $779,000 - $958,000

5 Beds
3 Baths
3,205 Sq Ft
$270/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $799,990 $250 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,579/month

5 Days on Market

Highlights

  • New Construction
  • View of Trees or Woods
  • 1 Fireplace
  • Twality Middle School Rated A-
  • Farmhouse Style Home
  • 2-minute walk to River Terrace & Darling Lane Playground

About This Home

As of July 2023

MLS#23382946. Ready Now! The Concord at South River Terrace offers 5 bedrooms, including a main level guest suite, and a popular open-concept layout with a large back patio. Great corner location on a private, large flat lot that backs to designated greenspace! Impressive chef's kitchen features a long island with bar-style seating, walk-in pantry, and overlooks the dining/living area with a cozy fireplace. Upstairs is the deluxe owner's suite with luxurious bath and huge walk-in closet. Oversized Bedroom 2 can easily turn into a bonus room for movie or game nights. Includes a Signature Concerto Finish package with upgraded white cabinets, quartz countertops, and RevWood plank flooring throughout the entire main level. Take advantage of a tranquil neighborhood environment just minutes from downtown Tigard. Enjoy a low-maintenance lifestyle thanks to living in a master-planned community with plenty of amenities. Close to shopping centers, restaurants, and Progress Lake. Easy access to HWY 217 and downtown Portland or Scholls Ferry Rd to Oregon beaches and wine country!

Last Agent to Sell the Property

Cody Jurgens

TNHC Oregon Realty LLC License #201221900 Listed on: 06/07/2023

Co-Listed By

Elizabeth Davis

Cascadian South Corp. License #940600168

Last Buyer's Agent

Mary West

All Professionals Real Estate License #200208103

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,331

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Corner Lot
  • Level Lot
  • Landscaped with Trees

HOA Fees

  • $126 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Woods
  • Territorial
  • Park or Greenbelt

Home Design

  • Farmhouse Style Home
  • Composition Roof
  • Cement Siding
  • Low Volatile Organic Compounds (VOC) Products or Finishes

Interior Spaces

  • 3,205 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • 1 Fireplace
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Smart Thermostat
  • Kitchen Island
  • Laundry Room

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Patio

Schools

  • Mary Woodward Elementary School
  • Fowler Middle School
  • Tigard High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Builder Warranty
  • Home warranty included in the sale of the property
  • Assessor Parcel Number R2223609

Community Details

Overview

  • Nova Association, Phone Number (503) 973-9213
  • South River Terrace Subdivision
  • On-Site Maintenance

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,331

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$126 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Warranty: BuilderWarranty
  • Year Built: 2023
  • Property Condition: NewConstruction
  • New Construction Builders Required Addendums: Yes
  • New Construction Builders Warranty: Yes
  • New Construction C C B Type: Residential
  • New Construction Early Release Earnest Money: No
  • New Construction Oregon C C B Notices Attached: No
  • New Construction Permit Number: on file
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2, Farmhouse
  • New Construction: Yes
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksNewConstruction: South River Terrace, a new home community, offers a selection of beautiful home designs inspired by the way you live. Floorplans are thoughtfully considered for modern needs with energy-efficient construction and the latest in interior finishes.
  • Room 11 Features: Island,Pantry
  • Room 12 Features: Fireplace,GreatRoom
  • Room 9 Features: KitchenDiningRoomCombo
  • Special Features: NewHome

Interior Features

  • Total Bathrooms: 3.0
  • Fireplaces: 1
  • Interior Amenities: HighCeilings, LaminateFlooring, LoVOCMaterial, SmartThermostat, WalltoWallCarpet
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Upper
  • Room 5 Description: _5thBedroom
  • Room 5 Level: Main
  • Room 6 Description: Laundry
  • Room 6 Level: Upper
  • Appliances: Island, Pantry
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Association Contact: Marisol Espinavarro
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 2
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt7000to9999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: Patio
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Lot Features: Commons, CornerLot, Level, Trees
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition
  • View: ParkGreenbelt,Territorial,TreesWoods

Garage/Parking

  • Garage Type: Attached
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association Amenities: MaintenanceGrounds, Management
  • Senior Community: No
  • Association Fee: 126.0
  • Association Fee Frequency: Monthly
  • Association Name: NOVA
  • Phone: 503-973-9213
  • Association: Yes
  • Association Email: solution.team@novaamp.com

Association/Amenities

  • AssociationAddress: none
  • AssociationPendingLitigationYN: Unknown
  • AssociationStatus: Active

Schools

  • Elementary School: Mary Woodward
  • High School: Tigard
  • Middle Or Junior School: Fowler

Lot Info

  • Parcel #: R2223609

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 1330.89

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2023
Sold by
Polygon Wlh Llc
Bought by
Regmi Manish and Bhandari Laxmi
Total Days on Market
5
Current Estimated Value
$864,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,992
Interest Rate
6.69%
Mortgage Type
Construction
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 Buyer Sale Price Title Company
Regmi Manish $799,990 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Regmi Manish $639,992
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $799,990 0.0% $250 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
06/07/2023 06/07/23 Price Changed $799,990 -1.2% $250 / Sq Ft
06/07/2023 06/07/23 For Sale $809,990 -- $253 / 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
2025 $7,641 $448,190 -- --
2024 $4,888 $544,870 -- --
2023 $4,888 $527,080 $0 $0
2022 $1,331 $256,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cody Jurgens

    Seller's Agent in 2023

    Cody Jurgens

    TNHC Oregon Realty LLC

    (971) 409-7951

    153 in this area

    211 Total Sales

    Cody Jurgens
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Elizabeth Davis

    Cascadian South Corp.

    (503) 447-3104

    118 in this area

    163 Total Sales

    Elizabeth Davis
    Section Image
  • Mary West

    Buyer's Agent in 2023

    Mary West

    All Professionals Real Estate

    (503) 753-9551

    4 in this area

    68 Total Sales

    Mary West
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23382946

Regional Multiple Listing Service (RMLS)

APN: R2223609

Oregon Washington County Portland 97224 River Terrace

16796 SW Colorado Ln, Portland, OR

This home is located at 16796 SW Colorado Ln, Portland, OR 97224 since 07 June 2023 and is currently estimated at $864,451, approximately $269 per square foot. This property was built in 2023. 16796 SW Colorado Ln is a home located in Washington County with nearby schools including Twality Middle School, Tualatin High School, and Gaarde Christian School.

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