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Perched on top of the hill with panoramic views overlooking farmland, this 3-bedroom, 2-bathroom home (plus DEN) offers privacy and space. It sits on 3.42 acres. The interior features a large living room with a woodstove, kitchen with scenic views, and an office/den. Enjoy the convenience of a 2-car garage, 2-car carport, and a HUGE 30x30 SHOP with power, plumbing, and heat-- Perfect for projects, storage, or your future hobbies! Towering mature shade trees and landscaping surround the property, with mature grapevines shading the back deck. Plenty of parking for RV, trailers, and other equipment. Zoned RR5, this property allows for horses. A rare opportunity for country living with plenty of room to grow!
A rough estimate, not a quote. Loan amount $428,000 · $107,000 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.
| Date | Event | Price |
|---|---|---|
| Aug 25, 2026 | Price dropMlsStatus: Pending → Closed | $513,000$22K down |
| Aug 25, 2026 | Sold | $535,000 |
| Jul 22, 2026 | Pending | $535,000 |
| Apr 30, 2026 | Listed | $535,000 |
$302 per sq ft
116 days on market. Madras median to pending is 53 days.
Tax $4,078 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 $535,000 with 20% down, this property runs $2,070 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 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 $535,000, 17.6% above the Madras median list price. See full Madras market →