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Off market
  • $525,800

    12408 SE Water Drop Way, Happy Valley, OR 97086

    3beds
    1,564sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $525,800 Zestimate®
    $336/sqft
    $2,781 Estimated rent

    Home value

    $525,800

    $494,000 - $557,000

    $2,781/mo

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    $2,781/mo

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    $2,781/mo

    Rent Zestimate®

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    $3,138/mo

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    $3,138/mo

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    What's special

    Discover the perfect blend of comfort and convenience in this stunning 3 bedroom, 2.5 bathroom home with thoughtfully designed living space. Nestled in the heart of Happy Valley, this home is located in a highly sought-after neighborhood on a corner lot! With an inviting open-concept layout, a spacious kitchen featuring modern stainless steel appliances, ample counter space, beautiful cabinetry and a living room filled with natural light, the main floor does not disappoint. Additional features of the main floor are a half bath, garage access, fireplace and fully fenced backyard. Upstairs is a primary bedroom with en-suite bath and closet, two additional bedrooms and an additional full bathroom. The designated laundry room is conveniently located upstairs as well. Enjoy the convenience of being just minutes away from local parks, shopping, and dining. Indulge in nearby favorites like Happy Valley Station Food Cart Pod and a variety of cafes and restaurants. North Clackamas School District (Deemed reliable, but not guaranteed) Screening: All applicants age 18+ are required to be screened & pay a $55 screening fee (each) Lease Term: 12 months. Security Deposit: $2,650 OAC Pet Policy: Allowed, 2 maximum - Cats allowed, dogs allowed, up to 50lbs Pet Pricing (per pet): Pet Deposit - $500 & Pet Rent - $25/month Smoking: This is a non-smoking property Landscaping: Backyard Responsibility of the tenant Washer/Dryer: Provided Utilities: All utilities are the responsibility of the resident Accessibility: This is not an accessible dwelling unit All Touchstone Property Management residents are invited to enroll in the Resident Benefits Package (RBP) for $44.95/month which includes liability insurance, HVAC air filter delivery, credit building to help boost the resident's credit score with timely rent payments, up to $1M Identity Theft Protection, our best-in-class resident rewards program, and much more! More details upon application.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 8 hours ago

    Listing updated: November 21, 2025 at 12:17am

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove, Washer
    • Laundry: In Unit
    Interior area
    • Total interior livable area: 1,564 sqft

    Property

    Parking
    • Details: Contact manager
    Details
    • Parcel number: 05035779

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence

    Community & neighborhood

    Location
    • Region: Happy Valley

    HOA & financial

    Other fees
    • Deposit fee: $2,650

    Other

    Other facts
    • Available date: 11/19/2025

    Price history

    DateEventPrice
    11/24/2025Listing removed$2,650$2/sqft
    Source: Zillow Rentals Report a problem
    11/19/2025Listed for rent$2,650$2/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,351 +3.5%$261,231 +3%
    2024$5,169 +2.8%$253,623 +3%
    2023$5,029 +5.3%$246,236 +3%
    2022$4,773 +178.6%$239,065 +203.7%
    2021$1,713 +19.2%$78,714 +3%
    2020$1,438 $76,422

    Find assessor info on the county website

    Neighborhood: 97086

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $525,800
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    Estimated market value
    $525,800