NOT LISTED FOR SALE

16861 SW Colorado Ln Tigard, OR 97224

River Terrace Neighborhood

Estimated Value: $458,597

3 Beds
2.5 Baths
1,625 Sq Ft
$282/Sq Ft Est. Value

Last Sold April 08, 2024

Last sale price $448,000 $276 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,106/month

69 Days on Market

Highlights

  • New Construction
  • Territorial View
  • High Ceiling
  • Twality Middle School Rated A-
  • Farmhouse Style Home
  • 4-minute walk to River Terrace & Darling Lane Playground

About This Home

As of April 2024

MLS#23022131. Ready Now! The Ferndale at South River Terrace Innovate is a townhome-style condo with a delightful open floorplan where the living and dining areas harmoniously blend into one inviting space. The kitchen boasts an island with bar-style seating, perfect for socializing and entertaining. A main level half bath is added for convenience, along with fast access from the garage entrance directly to the pantry for easy unloading. Upstairs are all 3 bedrooms, including the primary suite with a walk-in closet and private bathroom with dual sink vanity and walk-in shower. Close into Progress Ridge entertainment, shopping, and restaurants. Enjoy easy access to HWY 217, downtown Portland, Washington Square Mall, Oregon beaches, and Wine Country. Design upgrades include AC and a Signature Concerto finish package with white cabinets, quartz counters, and RevWood flooring throughout main level. *Special Incentives Available!

Last Agent to Sell the Property

Cody Jurgens

TNHC Oregon Realty LLC Brokerage Phone: 503-447-3104 License #201221900 Listed on: 12/07/2023

Co-Listed By

Elizabeth Davis

Cascadian South Corp. Brokerage Phone: 503-447-3104 License #940600168

Last Buyer's Agent

Murooj Alshawy

Keller Williams PDX Central License #201220193

Keller Williams PDX Central

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,125

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 3,920

HOA Fees

  • $207 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

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

Interior Spaces

  • 1,625 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Great Room
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Laminate Flooring
  • Territorial Views
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Art Rutkin Elementary School
  • Twality Middle School
  • Tualatin High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Porch
  • Terraced Lot

Listing and Financial Details

  • Builder Warranty
  • Home warranty included in the sale of the property
  • Assessor Parcel Number Not Found

Community Details

Overview

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

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,125

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$207 per month

Parking

1

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: Yes
  • New Construction Permit Number: on file
  • Property Sub Type: Condominium
  • Architectural Style: Stories2, Farmhouse
  • New Construction: Yes
  • Property Attached Yn: No
  • Open House: No
  • Room 11 Features: Island
  • Room 12 Features: GreatRoom
  • Room 9 Features: KitchenDiningRoomCombo
  • Special Features: NewHome

Interior Features

  • Total Bathrooms: 2.1
  • Interior Amenities: HighCeilings, LaminateFlooring, LoVOCMaterial
  • Appliances: Island, Pantry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Association Contact: Michael Del Gaiso
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • 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,LapSiding,WoodSiding
  • Exterior Features: Porch
  • View: Yes
  • Lot Features: Terraced
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir90
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: Townhouse
  • Association Amenities: Commons, ExteriorMaintenance, Insurance, MaintenanceGrounds, Management
  • Senior Community: No
  • Association Fee: 207.0
  • Association Fee Frequency: Monthly
  • Association Name: Nova
  • Phone: 503-973-9202
  • Association: Yes
  • Association Email: michael.delgaiso@novaamp.com

Association/Amenities

  • AssociationAddress: 5550 S Macadam Ave ste 210
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active
  • CondominiumAssociationContact: Marisol Espinavarro
  • CondominiumAssociationEmail: solution.team@novaamp.com
  • CondominiumAssociationName: NOVA
  • CondominiumAssociationPhone: 503-973-9213
  • CondominiumAssociationURLYN: No

Schools

  • Elementary School: Art Rutkin
  • High School: Tualatin
  • Middle Or Junior School: Twality

Lot Info

  • Farm: No
  • Parcel #: Not Found

Green Features

  • Green Certification: No
  • Smart Home Features: SmartThermostat

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 1.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Mar 6, 2024
Sold by
Taylor Morrison Northwest Llc
Bought by
Gabr Sherif and Hamza Nesrine
Seller's Agent
Cody Jurgens
TNHC Oregon Realty LLC
Buyer's Agent
Murooj Alshawy
Keller Williams PDX Central
List Price
$439,990
Sold Price
$448,000
Premium/Discount to List
$8,010
1.82%
Views
53
Current Estimated Value
$458,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,597
Avg. Annual Appreciation
0.35%
Original Mortgage
$425,600
Outstanding Balance
$420,812
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$29,078
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
Gabr Sherif $448,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabr Sherif $425,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2024 04/08/24 Sold $448,000 -0.9% $276 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
02/11/2024 02/11/24 Price Changed $451,997 +0.2% $278 / Sq Ft
02/01/2024 02/01/24 Price Changed $450,990 +0.2% $278 / Sq Ft
01/25/2024 01/25/24 Price Changed $449,990 +1.1% $277 / Sq Ft
01/02/2024 01/02/24 Price Changed $444,990 +1.1% $274 / Sq Ft
12/07/2023 12/07/23 For Sale $439,990 -- $271 / 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 $4,125 $241,950 -- --
2024 -- $435,820 -- $435,820
Source: Public Records

Agents Affiliated with this Home

  • Cody Jurgens

    Seller's Agent in 2024

    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 2024

    Elizabeth Davis

    Cascadian South Corp.

    (503) 447-3104

    118 in this area

    163 Total Sales

    Elizabeth Davis
    Section Image
  • Murooj Alshawy

    Buyer's Agent in 2024

    Murooj Alshawy

    Keller Williams PDX Central

    (503) 548-4848

    4 in this area

    100 Total Sales

    Murooj Alshawy
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23022131

Regional Multiple Listing Service (RMLS)

APN: R2230972

Oregon Washington County Tigard 97224 River Terrace

16861 SW Colorado Ln, Tigard, OR

This home is located at 16861 SW Colorado Ln, Tigard, OR 97224 since 07 December 2023 and is currently priced at $458,597, approximately $282 per square foot. This property was built in 2023. 16861 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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Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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