NOT LISTED FOR SALE

16868 SW Colorado Ln Tigard, OR 97224

River Terrace Neighborhood

Estimated Value: $818,166 - $881,000

5 Beds
3 Baths
3,205 Sq Ft
$263/Sq Ft Est. Value

Last Sold December 14, 2023

Last sale price $798,000 $249 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,188/month

124 Days on Market

Highlights

  • New Construction
  • Craftsman Architecture
  • Adjacent to Greenbelt
  • Twality Middle School Rated A-
  • Wooded Lot
  • 3-minute walk to River Terrace & Darling Lane Playground

About This Home

As of December 2023

MLS#23122722. 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 location 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 white cabinets, quartz counters with full backsplash, laminate RevWood flooring, and A/C! Close to Progress Ridge shopping, restaurants, and entertainment. Easy access to downtown Portland, Oregon beaches, and wine country.

Last Agent to Sell the Property

Cody Jurgens

TNHC Oregon Realty LLC Brokerage Phone: 503-447-3104 License #201221900 Listed on: 07/05/2023

Co-Listed By

Elizabeth Davis

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

Last Buyer's Agent

Venkatesan Muthu

Oregon First License #201211136

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,331

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 6,098 Sq Ft Lot
  • Adjacent to Greenbelt
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $126 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Craftsman Architecture
  • 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
  • Park or Greenbelt Views
  • Smart Thermostat
  • Kitchen Island
  • Laundry Room

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Patio

Schools

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

Utilities

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

Listing and Financial Details

  • Builder Warranty
  • Home warranty included in the sale of the property
  • Assessor Parcel Number R2223605

Community Details

Overview

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

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, Craftsman
  • New Construction: Yes
  • Property Attached Yn: No
  • Current Price For Status: 798000.0
  • 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: SqFt5000to6999
  • 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: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: Commons, GreenBelt, Trees, Wooded
  • Disclosures: Exempt
  • Home Warranty: Yes
  • Roof: Composition
  • View: ParkGreenbelt

Garage/Parking

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

Utilities

  • Fuel Description: 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: Art Rutkin
  • High School: Tualatin
  • Middle Or Junior School: Twality

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.0
  • Parcel #: R2223605

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

Listed on
Jul 5, 2023
Closed on
Nov 6, 2023
Sold by
Taylor Morrison Northwest Llc
Bought by
Videkar Ajay Chandrakant and Deshpande Aakansha
Seller's Agent
Cody Jurgens
TNHC Oregon Realty LLC
Buyer's Agent
Venkatesan Muthu
Oregon First
List Price
$821,990
Sold Price
$798,000
Premium/Discount to List
-$23,990
-2.92%
Views
52
Current Estimated Value
$844,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,292
Avg. Annual Appreciation
2.83%
Original Mortgage
$678,300
Outstanding Balance
$665,939
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$178,353
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Videkar Ajay Chandrakant $798,000 Fidelity National Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Videkar Ajay Chandrakant $678,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Sold $798,000 -2.9% $249 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
11/06/2023 11/06/23 Price Changed $821,990 0.0% $256 / Sq Ft
11/06/2023 11/06/23 For Sale $821,990 +3.0% $256 / Sq Ft
11/05/2023 11/05/23 Off Market $798,000 -- --
08/13/2023 08/13/23 Pending -- -- --
08/10/2023 08/10/23 Price Changed $819,990 +0.1% $256 / Sq Ft
07/19/2023 07/19/23 Price Changed $818,990 -0.6% $256 / Sq Ft
07/05/2023 07/05/23 For Sale $823,990 -- $257 / 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
2026 $7,500 $453,110 -- --
2025 $7,500 $439,920 -- --
2024 $2,217 $672,020 -- --
2023 $2,217 $238,130 $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

    203 Total Sales

    Cody Jurgens
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Elizabeth Davis

    Cascadian South Corp.

    (503) 447-3104

    123 in this area

    167 Total Sales

    Elizabeth Davis
    Section Image

  • V

    Buyer's Agent in 2023

    Venkatesan Muthu

    Oregon First

    (971) 330-1856

    6 in this area

    180 Total Sales

    Venkatesan Muthu
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23122722

Regional Multiple Listing Service (RMLS)

APN: R2223605

Oregon Washington County Tigard 97224 River Terrace

16868 SW Colorado Ln, Tigard, OR

Not Listed for Sale

Detached

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