Seller's Agent in 2025
Alexander Ney
Urban Nest Realty
(503) 804-5622
84 Total Sales
534 Watercrest Rd Forest Grove, OR 97116
4
Beds
2
Baths
2,640
Sq Ft
0.27
Acres
Highlights
- Greenhouse
- Mountain View
- Vaulted Ceiling
- Midcentury Modern Architecture
- Deck
- 2 Fireplaces
About This Home
As of October 2025A rare mid-century treasure with mountain views, on the market for the first time since 1965. Custom-built in 1957 for a Forestry Department employee, this striking Northwest Contemporary embodies the era’s love of nature and modern design. Forest-inspired materials enrich every room—Phillipine Mahogany in the entryway, sand-blasted White Fir in the living room, and Limba in the primary suite. Clerestory windows embedded with delicate botanicals add a one-of-a-kind artistic touch. The dramatic living room boasts vaulted open-beam ceilings, a striking basalt rock wall with a Swedish fireplace featuring a cantilevered hearth and floor-to-ceiling windows with sweeping mountain views. The daylight basement has a spacious family room that opens to a patio on an oversized lot with a well-curated collection of trees including mature apple trees and a magnificent Atlas Cedar. Located just minutes from Thatcher Park and downtown Forest Grove, this home is ready to be restored to its original glory. A true mid-century gem, where timeless design meets the beauty of the Pacific Northwest.
Last Agent to Sell the Property
Urban Nest Realty License #201212138 Listed on: 09/22/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,447
Year Built
- Built in 1957
Lot Details
- 0.27 Acre Lot
- Sloped Lot
- Landscaped with Trees
- Private Yard
Parking
- 2 Car Garage
- Carport
- Driveway
Home Design
- Midcentury Modern Architecture
- Contemporary Architecture
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,640 Sq Ft Home
- 2-Story Property
- Built-In Features
- Vaulted Ceiling
- 2 Fireplaces
- Wood Burning Fireplace
- Aluminum Window Frames
- Family Room
- Living Room
- Dining Room
- Sun or Florida Room
- Utility Room
- Mountain Views
- Finished Basement
- Natural lighting in basement
- Storm Windows
Kitchen
- Built-In Oven
- Built-In Range
- Dishwasher
Flooring
- Wall to Wall Carpet
- Cork
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry Room
- Washer and Dryer
Outdoor Features
- Deck
- Patio
- Greenhouse
Schools
- Harvey Clark Elementary School
- Neil Armstrong Middle School
- Forest Grove High School
Utilities
- No Cooling
- Heating System Uses Oil
- Radiant Heating System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R780104
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2025
Closed on
Sep 30, 2025
Sold by
Obrien Ellis Revocable Living Trust and Obrien Michael Joseph
Bought by
Allen Matthew
Seller's Agent
Alexander Ney
Urban Nest Realty
Buyer's Agent
Megan Franco
Real Broker
List Price
$558,000
Sold Price
$605,000
Premium/Discount to List
$47,000
8.42%
Views
173
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-62.98%
Original Mortgage
$511,001
Outstanding Balance
$510,525
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$59,453
Purchase Details
Closed on
Mar 15, 2023
Sold by
Ellis Carol A
Bought by
Obrien/Ellis Revocable Living Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $605,000 | First American Title | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $511,001 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2025 10/27/25 | Sold | $605,000 | +8.4% | $229 / Sq Ft |
| 09/29/2025 09/29/25 | Pending | -- | -- | -- |
| 09/22/2025 09/22/25 | For Sale | $558,000 | -- | $211 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $5,447 | $305,870 | -- | -- |
| 2025 | $5,447 | $296,970 | -- | -- |
| 2024 | $5,255 | $288,330 | -- | -- |
| 2023 | $5,255 | $279,940 | $0 | $0 |
| 2022 | $4,595 | $279,940 | $0 | $0 |
| 2021 | $4,535 | $263,880 | $0 | $0 |
| 2020 | $4,511 | $256,200 | $0 | $0 |
| 2019 | $4,410 | $248,740 | $0 | $0 |
| 2018 | $4,275 | $241,500 | $0 | $0 |
| 2017 | $4,143 | $234,470 | $0 | $0 |
| 2016 | $4,026 | $227,650 | $0 | $0 |
| 2015 | $3,872 | $221,020 | $0 | $0 |
| 2014 | $3,853 | $214,590 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Ney
-
Megan Franco
Buyer's Agent in 2025
Megan Franco
Real Broker
(503) 939-8668
29 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 700555019
APN: R0780104
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