Discover the remarkable Hinoki floor plan, featuring 3 bedrooms, a den, and 2.5 baths! This home combines unique and standard features with a focus on energy efficiency for long-term savings. With premium construction and added insulation, you could reduce your energy bills by up to one-third compared to traditional homes. The dual sliding windows and soft-close piano finish cabinetry with organizers and pull-down shelves further enhance energy efficiency.Enjoy the convenience of modern living while saving on energy costs and minimizing your carbon footprint. Residents also have access to community amenities like the clubhouse and pool for leisurely activities.Visit our Sales Center at 16504 SE Snow Blanket Terrace to explore this incredible home! Plus, working with our preferred lender can unlock maximum incentives for you.
Active
Special offer
$719,950
12343 SE Falling Rain Way, Happy Valley, OR 97086
3beds
2,566sqft
Residential, Single Family Residence
Built in 2024
4,680 Square Feet Lot
$-- Zestimate®
$281/sqft
$59/mo HOA
- 177 days |
- 145 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 04:21pm
Listed by:
Kevin May 415-846-0577,
Coldwell Banker Bain
Source: RMLS (OR),MLS#: 712385875
Travel times
Schedule tour
Open houses
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Den, Laundry, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Bathroom, Soaking Tub, Walkin Closet, Walkin Shower, Wallto Wall Carpet
- Level: Upper
- Area: 238
- Dimensions: 14 x 17
Bedroom 2
- Features: Closet, Wallto Wall Carpet
- Level: Upper
- Area: 110
- Dimensions: 11 x 10
Bedroom 3
- Features: Closet, Wallto Wall Carpet
- Level: Upper
- Area: 110
- Dimensions: 11 x 10
Dining room
- Features: Laminate Flooring
- Level: Main
- Area: 112
- Dimensions: 14 x 8
Family room
- Features: Wallto Wall Carpet
- Level: Upper
- Area: 112
- Dimensions: 14 x 8
Kitchen
- Features: Dishwasher, Disposal, Island, Microwave, Pantry, Free Standing Range, Laminate Flooring
- Level: Main
- Area: 143
- Width: 13
Living room
- Features: Fireplace, Laminate Flooring
- Level: Main
- Area: 224
- Dimensions: 14 x 16
Heating
- Heat Pump, Fireplace(s)
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Range, Microwave, Plumbed For Ice Maker, Range Hood, Stainless Steel Appliance(s), Electric Water Heater, Tank Water Heater
- Laundry: Laundry Room
Features
- Quartz, Soaking Tub, Closet, Kitchen Island, Pantry, Bathroom, Walk-In Closet(s), Walkin Shower, Tile
- Flooring: Laminate, Tile, Vinyl, Wall to Wall Carpet
- Windows: Double Pane Windows
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total structure area: 2,566
- Total interior livable area: 2,566 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Door Opener, Car Charging Station Ready, Attached
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Patio
- Fencing: Fenced
Lot
- Size: 4,680 Square Feet
- Dimensions: 40 x 117
- Features: Sprinkler, SqFt 3000 to 4999
Details
- Parcel number: 05035756
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential, Single Family Residence
Materials
- Cement Siding, Added Wall Insulation
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New Construction
- New construction: Yes
- Year built: 2024
Details
- Builder name: Ichijo USA
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy generation: Solar Ready
- Indoor air quality: Lo VOC Material
Community & HOA
Community
- Subdivision: Pleasant Valley Villages
HOA
- Has HOA: Yes
- Amenities included: Maintenance Grounds, Management, Pool, Recreation Facilities
- HOA fee: $59 monthly
- Second HOA fee: $350 one time
Location
- Region: Happy Valley
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $695,541
- Annual tax amount: $7,780
- Date on market: 6/17/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
About the community
PoolParkTrailsClubhouse
Enjoy $40,000 Flex Cash on all floor plans.
Discover the pinnacle of modern living with Ichijo's Earth Advantage Platinum level Certified energy-efficient homes! Our all-electric, net-zero energy-ready single-family homes redefine luxury with contemporary designs, innovative features like piano finish cabinetry, magnetic door stops, and standard air conditioning.
Located in Happy Valley, OR, Ichijo is crafting 171 cutting-edge homes surrounded by convenience. Enjoy easy access to parks, shopping centers, restaurants, and more, all within the renowned North Clackamas School District. Plus, indulge in community perks like parks, trails, and a clubhouse with an outdoor pool.
Experience the epitome of sustainability and style with Ichijo - where innovation meets comfort for your modern lifestyle.
Inquire with our Sales Team for more details.
$40K Flex Cash Available!
Offer valid with signed PSA through December 31, 2025. Buyers will receive $40,000 Flex Cash, which may be applied toward closing costs, approved upgrades, or special financing (not price reduction).Source: Ichijo USA
11 homes in this community
Available homes
| Listing | Price | Bed / bath | Status |
|---|---|---|---|
Current home: 12343 SE Falling Rain Way | $719,950 | 3 bed / 3 bath | Available |
| 16733 SE Shimmering Leaf | $719,950 | 4 bed / 3 bath | Available |
| 16504 SE Snow Blanket Ter | $729,950 | 4 bed / 3 bath | Available |
| 16548 SE Snow Blanket Ter | $729,950 | 4 bed / 3 bath | Available |
| 16755 SE Shimmering Leaf | $729,950 | 4 bed / 3 bath | Available |
| 16537 SE Shimmering Leaf | $755,950 | 4 bed / 3 bath | Available |
| 12131 SE Majestic Falls Ave | $899,950 | 5 bed / 3 bath | Available |
| 12327 SE Falling Rain Way | $719,950 | 3 bed / 3 bath | Pending |
| 16801 SE Shimmering Leaf | $729,950 | 4 bed / 3 bath | Pending |
| 16810 SE Shimmering Leaf | $869,950 | 5 bed / 3 bath | Pending |
| 16832 SE Shimmering Leaf | $899,950 | 5 bed / 4 bath | Pending |
Source: Ichijo USA
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Learn how to advertise your homesEstimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Price change | $719,950-0.1%$281/sqft |
Source:  RMLS (OR) #712385875 | ||
| 6/17/2025 | Listed for sale | $720,950$281/sqft |
Source: RMLS (OR) #712385875 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,513 +137.1% | $373,918 +147.8% |
| 2023 | $3,169 +57.9% | $150,874 +61.2% |
| 2022 | $2,007 +3.3% | $93,589 +3% |
Find assessor info on the county website
Monthly payment
Neighborhood: 97086
Nearby schools
GreatSchools rating
- 10/10Scouters Mountain Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Happy Valley Middle SchoolGrades: 6-8Distance: 1.6 mi
- 6/10Adrienne C. Nelson High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the builder
- Elementary: Scouter Mountain, http://www.nclack.k12.
- Middle: Happy Valley, http://www.nclack.k12.or.u
- High: Adrienne Nelson, https://www.nclack.k12.
- District: North Clackamas Schools
Source: Ichijo USA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
