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Beautifully updated 2031 sq ft, single-level farm home with an additional 832 sq ft of living space above the garage! Newly updated flooring, heat pump system, and new interior paint! The home has 4 bedrooms, 2 full bathrooms, a large living room, large family room with pellet stove, laundry room, kitchen, and dining area. Stay comfortable with heat and A/C from the central air with heat pump along with a pellet stove. The back has a nicely shaded deck area for entertaining. The additional living space is above the 2-car garage and has it's own kitchenette, pantry, dining area, bathroom, and bedroom equipped with a mini-split. Whether you're looking for income potential or just needing a separate living space, this may be what you're looking for. Home sits on .91 acre, is animal friendly, and backs up to acres of farmland. Driveway is nicely paved and allows for plenty of parking.
A rough estimate, not a quote. Loan amount $344,000 · $86,000 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.
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 |
|---|---|---|
| Feb 8, 2025 | Listed | $430,000 |
$150 per sq ft
109 days on market. Madras median to pending is 53 days.
Tax $3,643 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 $1,798 ($1,625–$2,075) · HUD Fair Market Rent (FY2025), Jefferson County, 4BR. Edit to your own number.
At $430,000 with 20% down, this property runs $1,324 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 Keller Williams Realty Central Oregon, agent Jason Luecker, 541-585-3760
Data last updated September 2, 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.
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In Madras, near Lake Billy Chinook.
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 $430,000, 5.5% below the Madras median list price. See full Madras market →