12478 SE WATER DROP WAY
Happy Valley, OR, 97086 $ 429,900
Bedrooms3 Baths2.1 Sq 1,551 Monthly Estimate*
$ 2,647
for $429,900 with 3 bedrooms and 2 full baths, 1 half bath. This 1,551 square foot townhouse was built in 2021 on a lot size of 0.04.
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.
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FeaturesInteriorInterior Amenities Laundry Quartz VaultedCeiling WalltoWallCarpet
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features Electric Insert
Hot Water Tankless
Window Features StormWindow
Total Bathrooms 2.1
Total Bedrooms 3
Total Baths 3
1/2 Baths 1
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GeneralSewer PublicSewer
Heating MiniSplit
Cooling WallUnit
Roof Composition
Appliances Dishwasher Disposal FreeStandingRange GasAppliances Granite Island Microwave PlumbedForIceMaker Quartz StainlessSteelAppliance
HOA Fee 179.0
Garage Spaces 1.0
Architectural Style Contemporary Townhouse
Year Built 2021
Stories Count 2
Property Subtype Attached
Tax Year 2025
Parcel Number 05035806
Accessibility GarageonMain
Assoc Fee Paid Per Monthly
County Clackamas
Property Type Residential
Association Amenities BasketballCourt Commons ExteriorMaintenance FrontYardLandscaping Insurance MaintenanceGrounds Management MeetingRoom PartyRoom Pool
HOA Y
Subdivision Name PLEASANT VALLEY
Full Baths 2
Status Active
Directions Sunnyside Rd to 162nd to Majestic Falls Ave to Sunshower Pl to Water Drop Way
High School Clackamas
City HappyValley
Disclosures Disclosure
MLS Area _145
Lot Size Square Feet 1742.0
Listing Terms Cash Conventional FHA
Elementary School Scouters Mtn
Tax Annual Amount 5848.4
Middle/Junior High School Happy Valley
Property Condition Resale
Virtual Tour https://www.zillow.com/view-imx/78092d97-48a7-4ad8-ab59-6370a73a5d86?initialViewType=pano&utm_source=dashboard
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SUBDIVISION PLEASANT VALLEY VILLAGES 4606 LT 59
ADU False
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ExteriorExterior Amenities Fenced Patio Sprinkler Yard
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 1.0
Garage Type Attached
Exterior Description CementSiding
Foundation Details PillarPostPier
Building Area Total 1551.0
Lot Size Acres 0.04
Road Surface Type Paved
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* Excluded FeaturesList ByCascade Hasson Sotheby's International RealtyBroker
michelle.spanu@cascadehasson.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,647
- Monthly Property Taxes
- $487
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTownhouse listings in Happy Valley, OR
Average List Price $447,715
Percent of Sale Price 4%
About Happy Valley, OR 20,876 Population
110% Since 2002
$ 100,984 Median Income
39.61 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
1951017 Elementary School
1949228 Middle School
Clackamas High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/9/2026 | $429,900 | | Listed Price |