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Off market
  • $554,000

    12446 SE Water Drop Way, Happy Valley, OR 97086

    3beds
    1,576sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $554,000 Zestimate®
    $352/sqft
    $2,759 Estimated rent

    Home value

    $554,000

    $515,000 - $593,000

    $2,759/mo

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    $3,234/mo

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    $3,234/mo

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    What's special

    DISCLAIMER: WE DO NOT ADVERTISE OUR LISTINGS ON CRAIGSLIST OR FACEBOOK MARKETPLACE; IF YOU SEE ONE OF OUR LISTINGS ON THOSE SITES PLEASE FLAG IT AS A FALSE AD. COMMUNICATION ABOUT OUR VACANCIES ARE DONE THROUGH SHOWMOJO VIA TEXT OR EMAIL. SHOWMOJO WILL COMMUNICATE ABOUT OUR VACANCIES AFTER BUSINESS HOURS, ON WEEKENDS AND HOLIDAYS. BUSINESS HOURS ARE MONDAYS FROM 9:30 AM UNTIL 5:00 PM AND TUESDAYS THROUGH THURSDAYS FROM 9:00 AM UNTIL 5:00 PM AND FRIDAYS FROM 9:00 AM UNTIL 1:00 PM (1:00 PM UNTIL 5:00 PM BY APPOINTMENT ONLY). FREE RENT! FIRST FULL MONTH'S RENT FREE! Don't miss out on this newer and gorgeous Happy Valley home! Features include a great room on the main floor with an electric fireplace, breakfast bar and LVP flooring along with an open kitchen with LVP flooring, composite granite countertops, pantry, island and stainless steel appliances including a side by side fridge with water dispenser and ice maker, five burner gas range, microhood, dishwasher and disposal. Gas heat and gas water heater. There is also a half bathroom with LVP flooring on the main floor. All three bedrooms are on the top floor, the primary and secondary bedrooms are carpeted and the third bedroom has LVP flooring. The primary bedroom has vaulted ceilings and a walk-in closet. The primary bathroom has LVT flooring, quartz countertops and dual vanities plus the main guest bathroom has LVT flooring and quartz countertops. There is also a laundry room with LVP flooring, washing machine and clothes dryer located on the top floor. Other features include an attached single car garage with door opener, wall mounted heat - A/C split on the main level, heat - A/C combo on the top floor, tankless water heater, covered front porch and a patio in the fully fenced backyard. You also have access to HOA amenities such as pool, parks and a clubhouse.NO SMOKING ON PREMISES! ADDITIONAL SECURITY DEPOSIT: $500.00 per pet. Pet rent: $55.00 a month per pet. TENANTS WILL BE CHARGED MONTHLY FOR GARBAGE, COST DEPENDS ON THE LEVEL OF SERVICE REQUESTED. TENANTS WILL BE CHARGED $70.30 MONTHLY FOR SEWER. APPLICATION FEE'S WILL BE REIMBURSED IF APPROVED. Close to bus line, schools, parks, shopping and eateries. PET POLICY: Maximum of two pets. Dog and / or cat has to be at least one year old, spayed / neutered and weigh fifty pounds or less. LEASE TERM: 16 MONTHS Schools: Scouters Mountain Elementary, Happy Valley Middle, Adrienne C Nelson High Renter's Insurance is Required: $100,000 in liability. Walk Score: 22 - Car-Dependent Transit Score: N/A Bike Score: 32 - Somewhat Bikeable Directions: From SE Sunnyside Rd. turn North onto SE 162nd Ave. go to SE Pleasant Valley Pkwy and turn East then go to SE Majestic Falls Ave. and turn South then turn East onto SE Sunshower Pl. then South onto SE Water Drop Wy. Dwelling unit does not qualify as a ""Type A Unit"" (accessible unit) per Oregon structural building code. NOTE: Application is NOT considered complete until receipt of screening charge per financially responsible person over 18 years of age as well as no missing info on the application. Contact Kerr Properties, Inc. for details. Terms and conditions apply. Applications are processed first come, first serve. Tenants will automatically be enrolled in the furnace filter delivery program upon move-in for $10.00 a month if applicable unless proper notification is provided to Kerr Properties, Inc. within three business days from application approval. Information deemed reliable but not guaranteed. Astroturf Lawn Composite Granite Countertops Covered Porch Dual Vanities Electric Fireplace Lvp Lvt Tankless Water Heater Water Dispenser

    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: January 07, 2026 at 07:49am

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Walk In Closet
    Interior area
    • Total interior livable area: 1,576 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached, Garage
    • Has attached garage: Yes
    • Details: Contact manager
    Features
    • Patio & porch: Patio
    • Exterior features: Breakfast bar, Walk In Closet
    Details
    • Parcel number: 05035802

    Construction

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

    Community & neighborhood

    Location
    • Region: Happy Valley

    HOA & financial

    Other fees
    • Deposit fee: $2,600

    Price history

    DateEventPrice
    1/8/2026Listing removed$2,695$2/sqft
    Source: Zillow Rentals Report a problem
    11/13/2025Price change$2,695-3.6%$2/sqft
    Source: Zillow Rentals Report a problem
    10/18/2025Price change$2,795-3.5%$2/sqft
    Source: Zillow Rentals Report a problem
    9/22/2025Price change$2,895-3.3%$2/sqft
    Source: Zillow Rentals Report a problem
    8/29/2025Price change$2,995-3.2%$2/sqft
    Source: Zillow Rentals Report a problem
    8/18/2025Price change$3,095-3.1%$2/sqft
    Source: Zillow Rentals Report a problem
    8/5/2025Listed for rent$3,195+10.4%$2/sqft
    Source: Zillow Rentals Report a problem
    3/29/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/15/2024Price change$2,895-3.3%$2/sqft
    Source: Zillow Rentals Report a problem
    2/28/2024Listed for rent$2,995+4.2%$2/sqft
    Source: Zillow Rentals Report a problem
    1/30/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/30/2024Price change$2,875+2.8%$2/sqft
    Source: Zillow Rentals Report a problem
    1/28/2024Price change$2,796-2.7%$2/sqft
    Source: Zillow Rentals Report a problem
    1/7/2024Price change$2,875-3.4%$2/sqft
    Source: Zillow Rentals Report a problem
    12/1/2023Listed for rent$2,975$2/sqft
    Source: Zillow Rentals Report a problem
    8/25/2023Listing removed--
    Source: Zillow Rentals Report a problem
    8/14/2023Listed for rent$2,975+2.6%$2/sqft
    Source: Zillow Rentals Report a problem
    7/2/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    7/1/2022Listed for rent$2,900$2/sqft
    Source: Zillow Rental Manager Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,270 +3.5%$257,123 +3%
    2024$5,092 +2.8%$249,634 +3%
    2023$4,953 +5.3%$242,364 +3%
    2022$4,702 +88.3%$235,305 +95.7%
    2021$2,497 +79.7%$120,254 +62.8%
    2020$1,390 $73,856

    Find assessor info on the county website

    Neighborhood: 97086

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $554,000
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    Estimated market value
    $554,000