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Excellent opportunity to own acreage in a desirable Madras neighborhood with this classic ranch style home. Partially fenced, fully landscaped yard w/in-ground timed sprinklers, 36x36 shop w/2-10x10 roll up doors, workshop area partially insulated & sheet rocked, w/peg board & electric, +RV parking w/water & electric hookups. Home has great-room floor plan w/vaulted ceiling, updated lighting, large ceiling fan, free standing propane stove. Spacious kitchen w/oak cabinets, breakfast bar, new dishwasher, large pantry. Recent professional whole home inspection and all components brought up to standard. New Carrier Heat Pump & furnace for heating and A/C in 2024, newer roof, electrical up-graded, and much more. Also included is the riding lawnmower w/all attachments. Call your favorite agent and book an appointment to view.
A rough estimate, not a quote. Loan amount $439,600 · $109,900 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
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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 |
|---|---|---|
| May 23, 2025 | Price increase | $560,000$11K up |
| Apr 11, 2025 | Listed | $550,000 |
$309 per sq ft
41 days on market. Madras median to pending is 53 days.
Tax $3,006 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.
New listings
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 $549,500 with 20% down, this property runs $2,058 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 Lake Chinook Realty, agent Meg Cummings, 541-419-3036
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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Keep exploring
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 $550,000, 20.8% above the Madras median list price. See full Madras market →