We Didn’t Nudge the Price. We Slashed It. Now is your chance to own this beautifully maintained mid-century ranch on an expansive and rare 0.73-acre lot in peaceful Happy Valley! This home offers the perfect balance of space, privacy, and comfort in a serene natural setting. The large entertaining deck is the perfect place for morning coffee, sunset dinners, and year-round gatherings. Inside, the home features a spacious and light-filled living and dining room, a cozy fireplace, rich hardwood floors, and a lovely vintage kitchen with a breakfast nook. Two generous bedrooms and a full bathroom complete the main floor. The daylight basement adds versatility with two additional bedrooms, a wood burning stove, a full bathroom, a family room, a bonus storage room, and a sauna! Ideal for guests, multi-generational living, home office space, or recreation. Step outside to your own private backyard sanctuary. The yard is expansive, secluded, and backs to a tranquil wooded greenspace. Enjoy a hot tub, a charming and functional garden shed, a brick patio and firepit, garden terraces, and endless space for gardening, entertaining, play, or future outdoor living enhancements. It feels like a retreat! A short zip over to Happy Valley Park, Elementary School, and Middle School. This is a truly special house that combines mid-century charm with modern livability.
Single-familyProperty Type
1952Year Built
0.73 acresLot Size
$226Price/Sq.Ft.
2 car garageParking
Listed by Yomari Cruz-DeWeese• Living Room Realty
Bought with Christopher Kelly• Berkshire Hathaway HomeServices NW Real Estate
Est. $3,280 per month, based on comparable rentals
Sale and tax history for 12500 SE Ridgecrest Rd
Sale History
Tax History
Date
Event
Price
RMLS #538148200
Jul 30, 2026
Sold
$617,000
$226/sq ft
Jun 26, 2026
Pending
—
Jun 24, 2026
Price Changed
$599,000
$219/sq ft
Jun 10, 2026
Price Changed
$645,000
$236/sq ft
May 13, 2026
Relisted
—
May 4, 2026
Pending
—
Apr 24, 2026
Price Changed
$650,000
$238/sq ft
Apr 6, 2026
Relisted
—
Apr 6, 2026
Price Changed
$675,000
$247/sq ft
Mar 22, 2026
Pending
—
Feb 27, 2026
Listed
$699,000
$256/sq ft
RMLS #17034204
Feb 6, 2018
Sold
$529,000
$193/sq ft
Dec 21, 2017
Pending
—
Nov 3, 2017
Listed
$529,000
$193/sq ft
+27
A must see Happy Valley mid-century day ranch on a landscaped .73 acre lot with territorial and Mt.Hood views! Large formal living and dining room, fireplace, hardwood floors, kitchen with breakfast nook. Remodeled daylight basement features 2 bedrooms, full bathroom, family room and den. An expansive refinished deck off the dining room makes this perfect for entertaining and 4th of July fireworks. Walking distance to Happy Valley Park.
RMLS #15546905
Mar 27, 2015
Sold
$370,000
$135/sq ft
Feb 15, 2015
Pending
—
Feb 7, 2015
Listed
$360,000
$132/sq ft
Charming home on .73 of a acre! Hardwood floors & period details throughout. Very open, livable floor plan. Outstanding view property, plenty of parking for toys and room to build a shop. Great mud room connects to the garage. Lower level could be separate living quarters! Covered deck! 2 Bedrooms on the main floor currently, small 3rd in basement (see castle built in picture) bonus room needs egress for add'l bedroom
RMLS #11644959
Jan 20, 2012
Sold
$255,000
$93/sq ft
Dec 7, 2011
Pending
—
Nov 9, 2011
Price Changed
$269,000
$98/sq ft
Oct 14, 2011
Price Changed
$289,000
$106/sq ft
Sep 30, 2011
Price Changed
$299,000
$109/sq ft
Sep 9, 2011
Price Changed
$309,000
$113/sq ft
Aug 25, 2011
Price Changed
$315,000
$115/sq ft
Aug 25, 2011
Price Changed
$305,000
$112/sq ft
Jul 8, 2011
Listed
$299,000
$109/sq ft
Public Records
Jul 30, 1999
Sold
$280,000
$102/sq ft
Public Records
Aug 1, 1991
Sold
$170,000
$62/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,007 (+3.7%)
2024
$6,759 (+2.9%)
2023
$6,567 (+5.6%)
2022
$6,218 (+3.8%)
2021
$5,990 (+3.3%)
2020
$5,798 (−5.2%)
2019
$6,118 (+29.0%)
2018
$4,743 (+3.4%)
2017
$4,588 (+3.7%)
2016
$4,423 (+3.0%)
2015
$4,295 (+6.0%)
2014
$4,053 (+3.7%)
2013
$3,907 (+1.5%)
2012
$3,850 (−1.1%)
2011
$3,892 (+5.8%)
2010
$3,678
2009
$3,678
Public record
Public record
Zoning
Permits
Beds
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.73 Acres
Year renovated
—
Sq. Ft.
2,752
Year built
1952
Style
Single Family Residential
County
Clackamas County
APN
00039023
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 18, 2026.
R20
Very Low Density Residential Zone
This low density urban residential district responds to development patterns already established in the City and perpetuates those patterns in recognition of the potential for infilling and the overall carrying capacity of the land. Single-family detached dwellings on larger lots are encouraged in this district which seeks to maintain elbow room and breathing space within the urban framework of the City. This district is a buffer between the low density and undeveloped areas and the higher density, more typical urban residential districts. It is within this district that uses and standards begin to change to reflect the desired urban trends and patterns. The district may be applied in sloped areas where clustering and other hillside protection standards are applied. The numerical designation of R-20 shall be interpreted to mean that the maximum density shall be one primary dwelling unit per 20,000 sq ft of lot area.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Housing-Mobile home park
Park & open space
Aug 12, 2021 • Final
Building - electrical
Electrical
Pool and hot tub
Jan 23, 2018 • Final
Building - electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.