12368 Water Drop Way
Happy Valley, OR 97086
3 bd 3 ba 1,767 sqft Built 2021 Lot 2,613 sqft single_family
Most recent sale
$502,511
Jun 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 29, 2022 | Sold | $502,511 | MLS #21237140 |
| Oct 29, 2021 | Listed | $499,950 | MLS #21237140 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $299,251 | $6,096 |
| 2024 | — | — | $299,251 | $5,888 |
| 2023 | — | — | $282,073 | $5,727 |
| 2022 | — | — | $190,899 | $3,857 |
| 2021 | — | — | $78,714 | $1,713 |
| 2020 | — | — | $76,422 | $1,437 |
Property facts
Year built
2021
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,767 sqft
Lot size
2,613 sqft
ZIP code
97086
City
Happy Valley
Street
Water Drop Way
Coordinates
45.43303, -122.49365
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,534
Gross rental yield
8.44%
Implied cap rate
5.49%
Trend-extrapolated value
—
Frequently asked questions
When did 12368 Water Drop Way last sell?
12368 Water Drop Way most recently sold on Jun 29, 2022 for $502,511.
What is the current tax assessment for 12368 Water Drop Way?
The most recent total assessment for 12368 Water Drop Way (year 2025) is $299,251 with $6,096 in property tax.
How does 12368 Water Drop Way's assessment compare to its last sale price?
The current assessment is 40.4% below the last sale price of $502,511.
When was 12368 Water Drop Way built?
12368 Water Drop Way was built in 2021.
How does 12368 Water Drop Way compare to others on Water Drop Way?
We track 8 other properties on Water Drop Way. Browse the list under "Other properties on Water Drop Way" to compare beds, baths, and sale history.
What are the property facts for 12368 Water Drop Way?
12368 Water Drop Way is a 3 bed, 3 bath, 1,767 sqft, 2,613 sqft lot single_family.
Is 12368 Water Drop Way a flip candidate?
No — 12368 Water Drop Way does not appear in our flips dataset.
Is 12368 Water Drop Way a tax-appeal candidate?
No — 12368 Water Drop Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.6%
Implied 1-yr
+6.6%
2026 Q3
$822.7K
2026 Q4
$834.8K
ZIP 97086 — Median Price History + Forecast
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Geography
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