12478 SE Water Drop Way

Happy Valley, OR 97086

$439,000
Last Sold Price
3
Beds
1,551 Sq. Ft.
$283 / Sq. Ft.
1,551
Sq. Ft.
$283
per Sq. Ft.
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Sold 5/11/26
Sold 5/11/26

Description

Discover this stylish, energy-conscious home in the sought-after Happy Valley community, thoughtfully designed with modern upgrades throughout. Gently lived in and truly move-in ready, this upgraded former model townhome offers 3 bedrooms, 2.5 bathrooms, and a single-car garage. The kitchen is a standout feature, showcasing quartz countertops, a custom tile backsplash, newer stainless-steel appliances, generous cabinetry, a roomy pantry, and a large island with bar seating—perfect for everyday living...Discover this stylish, energy-conscious home in the sought-after Happy Valley community, thoughtfully designed with modern upgrades throughout. Gently lived in and truly move-in ready, this upgraded former model townhome offers 3 bedrooms, 2.5 bathrooms, and a single-car garage. The kitchen is a standout feature, showcasing quartz countertops, a custom tile backsplash, newer stainless-steel appliances, generous cabinetry, a roomy pantry, and a large island with bar seating—perfect for everyday living and entertaining. The main level features an open-concept great room filled with natural light, a sleek contemporary fireplace, and durable luxury vinyl plank flooring. Upstairs, the spacious primary suite impresses with vaulted ceilings, a walk-in closet, and a spa-inspired bathroom complete with dual sinks, quartz finishes, and a walk-in shower. You’ll also find a convenient laundry area with built-in storage, along with two additional bedrooms and a full bath. Step outside to a fully fenced, low-maintenance backyard featuring easy care landscaping and ample space for gardening.  Residents enjoy access to community amenities such as a pool, clubhouse, basketball courts, parks, and scenic walking trails—all with a low HOA. Located near top-rated schools and everyday conveniences, this home combines modern living with a prime location for an exceptional lifestyle.
  1. Listed by Michelle Spanu • Cascade Hasson Sotheby's International Realty

Property Details for 12478 Southeast Water Drop Way

Style
Contemporary, Townhouse
Subdivision
PLEASANT VALLEY
Parking Features
Driveway
Garage Spaces
1.00
Parking Total
1.00
LISTING UPDATED: 05/11/2026 02:42 PM

Property Details for 12478 Southeast Water Drop Way

StatusSold
MLS #713762057
Days on Market5
Taxes$5,848 / year
HOA Fees$179 / month
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Attached
Year Built2021
Lot Size0.04 AC / 1,742 SF
CountyClackamas County
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Location

Listing Courtesy of Cascade Hasson Sotheby's International Realty

Sold By Lewis Realtors

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Building Information for 12478 Southeast Water Drop Way

Stories2Year Built2021Building Size-Lot Size0.04 AC / 1,742 SF

Payment Calculator

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$2,877 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,211

Property Taxes

$487

HOA Dues

$179

The Payment Calculator is for illustrative purposes only.

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Property Information for 12478 Southeast Water Drop Way

Summary
Location and General Information
  • Accessibility Features: Garageon Main
  • Country: US
  • Directions: Sunnyside Rd to 162nd to Majestic Falls Ave to Sunshower Pl to Water Drop Way
  • Road Surface: Paved
School Information
  • Elementary School: Scouters Mtn
  • High School: Clackamas
  • Middle Or Junior School: Happy Valley
Parking
  • Garage Type: Attached
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $5,848.40
  • Parcel Number: 05035806
  • Association Fee: $179.00
  • Association Fee Frequency: Monthly
  • Association Status: Active
  • Association Contact: Faith
  • Association Name: Rolling Rock Community Management
  • Association Phone: 503-330-2405
  • Association Email: info@rollingrockcm.com
  • Association Address: 8531 NE Cornell Rd Ste 700 Hillsboro, OR 97124
  • Tax Legal Description: SUBDIVISION PLEASANT VALLEY VILLAGES 4606 LT 59
Property
Lot Information
  • Acres: 0.04
  • Lot Description: Level
  • Lot Size Square Feet: 1742.0
  • Lot Size Range: Sq Ft0Kto2999
  • Lot Size: 0K to 2,999 Sq Ft
  • SqFt Source: Appraisal
Property and Assessments
  • Property Sub Type: Attached
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Resale
  • Year Built: 2021
Utilities
  • Cooling Description: Wall Unit
  • Fuel Description: Electricity, Gas
  • Heating Description: Mini Split
  • Hot Water Description: Tankless
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Exterior Features: Fenced, Patio, Sprinkler, Yard
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Pillar Post Pier
  • Window Features: Storm Window
  • Fireplace Description: Electric, Insert
  • Fireplaces Total: 1
  • Interior Features: Laundry, Quartz, Vaulted Ceiling, Wallto Wall Carpet
  • SqFt Calculated: 1551
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 651
  • SqFt Upper Level Total: 900
  • Bedrooms Total: 3
  • Stories: 2
  • Baths Total: 2.1
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Additional Features: Double Sinks, Suite, Vaulted Ceiling, Walkin Closet, Wallto Wall Carpet
  • Primary Bedroom Level: Upper
  • Primary Bedroom SqFt: 192
  • Primary Bedroom Length: 12
  • Primary Bedroom Width: 16
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Length: 9
  • Bedroom 2 Width: 15
  • Bedroom 2 Level: Upper
  • Bedroom 2 SqFt: 135
  • 2nd Bedroom Additional Features: Closet, Wallto Wall Carpet
Bedroom 3
  • Room Description: _3rd Bedroom
  • Bedroom 3 Length: 9
  • Bedroom 3 Width: 13
  • Bedroom 3 Level: Upper
  • Bedroom 3 SqFt: 117
  • 3rd Bedroom Additional Features: Closet, Wallto Wall Carpet
Dining Room
  • Room Description: Dining Room
  • Dining Room Features: Patio, Sliding Doors
  • Dining Room Length: 7
  • Dining Room Width: 8
  • Dining Room Level: Main
  • Dining Room SqFt: 56
Family Room
  • Room Description: Family Room
  • Family Room Features: Fireplace, Patio, Sliding Doors
  • Family Room Additional Features: Vaulted Ceiling
  • Family Room Length: 14
  • Family Room Width: 19
  • Family Room Level: Main
  • Family Room SqFt: 266
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Dishwasher, Disposal, Free Standing Range, Gas Appliances, Granite, Island, Microwave, Plumbed For Ice Maker, Quartz, Stainless Steel Appliance
  • Kitchen Room Features: Dishwasher, Disposal, Gas Appliances, Microwave, Pantry
  • Kitchen Room Additional Features: Quartz
  • Kitchen Room Level: Main
Living Room
  • Room Description: Living Room
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 0
  • BathsMainLevelPartial: 1
  • Baths Main Level Total: 0.1
  • Bathrooms Full: 2
  • Baths Partial: 1
  • Total Bathrooms: 3
  • Baths Upper Leve lFull: 2
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 2.0
Additional Room 1
  • Additional Room 1 Description: Laundry
  • Additional Room 1 Level: Upper
Amenities
Amenities Information
  • Association Amenities: Basketball Court, Commons, Exterior Maintenance, Front Yard Landscaping, Insurance, Maintenance Grounds, Management, Meeting Room, Party Room, Pool
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 1551

Property History for 12478 Southeast Water Drop Way

DateEvent & SourcePriceAppreciation
Dec 8, 2020

Sold (Public Record)

Public Record #1466882218

$418,486—
DateEvent & SourcePrice
12/08/2020

Sold (Public Record)

Public Record #1466882218

$418,486

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12478 Southeast Water Drop Way

Taxable ValueLand-Additions-Total-
Tax Record2025$5,848 ($487 / month)
Home Facts
Beds3Total Finished SqFt1,564 SqFtAbove Grade Finished SqFt1,564 SqFtStyleSingle Family ResidenceCountyCLACKAMASAPN13E31CC05900

Schools near 12478 Southeast Water Drop Way

This home is within North Clackamas School District 12.
Rating
School
Type
Grades
Distance
Scouters Mountain Elementary School
Public - K to 5
Happy Valley Middle School
Public - 6 to 8
Adrienne C. Nelson High School
Public - 9 to 12
Clackamas Web Academy
Charter - K to 12
Rating
School
Distance
Scouters Mountain Elementary School
PublicK to 5

Happy Valley Middle School
Public6 to 8

Adrienne C. Nelson High School
Public9 to 12

Clackamas Web Academy
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cascade Hasson Sotheby's International Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 05/11/2026 02:42 PM