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This rural home with breathtaking views of the Cascades, Mt Bachelor to Mt Jefferson overlooking the valley and farmland of Madras. Located on 1.18 acres with unobstructed 270-degree view. This home is 1950 sq. ft., 3 bedrooms, 2.5 bathrooms, office & bonus room (family/sewing/office), open floor plan, perfect for any size family, not too big, not too small. Beautifully landscaped, paved driveway and two patios, one on the shady side and another on the sunny side with wind shelter surrounding it. Large 1,200 sq. ft., detached shop with 3 roll up door, one side a shop, the other side cars, boats or RV (doors 10' wide x 12' high). Single car garage attached to the home. Additional storage shop 200 sq. ft. The property will allow you to relish in a rural setting, yet close to town & mountain views. This home has had one owner, the home built by Goodson Const. 1988. Served by a public water system with the ''Opal Springs'' drinking water.
A rough estimate, not a quote. Loan amount $520,000 · $130,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
111 listings of every type for sale, 25 pending, 19 sold in the last 30 days. Point at a mark to read it, or slide the price.
In Madras, near Lake Billy Chinook.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Madras, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Education
| Date | Event | Price |
|---|---|---|
| Jun 24, 2025 | Price dropMlsStatus: Pending → Closed | $640,000$10K down |
| Apr 28, 2025 | Price drop | $650,000$75K down |
| Sep 20, 2024 | Listed | $725,000 |
$333 per sq ft
275 days on market. Madras median to pending is 53 days.
Tax $4,945 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
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Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
At $650,000 with 20% down, this property runs $2,755 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.
Listing courtesy of Willow Canyon Group, agent Richard Allen, 541-475-2220
Data last updated September 3, 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.
Median close price $385,000 in Aug 2026, down 4.5% from Aug 2025.
Mar 2024 to Aug 2026 (24 months) · Market Truth leftover, Madras city, monthly median close. Completed months only.
This home is listed at $650,000, 42.9% above the Madras median list price. See full Madras market →