$2,095,000
425 State
Bend, OR 97703 · Park Addition
Active0 days on market$1,117/sqft
About this home
Located on State Street in one of Bend's most sought-after neighborhoods, this custom home was built in 2008 by Steve Moyer within the City of Bend Historic District; offering true historic character built to modern standards, in a pocket of Bend where homes like this rarely come to market. Warm wood finishes carry throughout, including fir trim and oak floors, with natural light filling every room. The primary suite features two walk-in closets and sliders opening onto a private deck with a mountain view and a hot tub, soak while you watch the sunset. A finished basement adds a versatile living space, cozy guest suite, or home theater. Better than new, with a new furnace installed in 2025. Has a sprinter van parking spot. Live in the heart of Bend, close to Downtown, Drake Park, and the Deschutes River, moments to everything that makes historic Bend special. A transferable, grandfathered Type 2 STR adds rare flexibility, making this a must-have as a primary residence or second home.
Listing courtesy of Varsity Real Estate, agent Justin Scott
Data last updated July 8, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $1,676,000 · $419,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.
At $2,095,000 with 20% down, this property runs $9,901 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
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