This 3-bed, 2-bath home at 512 SE Ponderosa Drive in Madras is listed at $299,999. It has 1,416 square feet, sits on 0.16 acres, was built in 2005, and is in The Pines at Madras. Status is Active, with 143 days on market and HOA dues of $53 per month.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
Welcome to this charming 2005-built home offering 3 bedrooms, 2 bathrooms, and 1,416 sq. ft. of comfortable living space on a .16-acre lot. Featuring an inviting open floor concept with vaulted ceilings, this home feels bright, spacious, and perfect for both everyday living and entertaining. The thoughtfully designed layout provides seamless flow between the living, dining, and kitchen areas. Enjoy the added value and energy efficiency of a newly installed (2023) solar system and panels, helping reduce utility costs while supporting sustainable living. This property combines comfort, functionality, and modern upgrades in a desirable package.
A rough estimate, not a quote. Loan amount $239,999 · $60,000 down · 30 year term.
Insurance starts at 0.35% of price each year. Type your quote to replace it.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Madras. The wash is sales density of closes in the last 90 days; homes for sale and pending stay as marks. Pulses and the sold count are the closes of the last 30 days. Counts and medians cover every listing read for this map.
Madras
live MLS through Oregon Data Share, active single-family houses in Madras, the same count and median list the Madras market figures on this site publish (market_metric, place membership). This price is the published list price. Months of supply = active listings divided by average monthly closings over the last 6 months (homes closed in the last 6 months divided by 6). A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. · updated Oct 22, 2026
| Date | Event | Price |
|---|---|---|
| Oct 19, 2026 | Price change | $299,999$15K down |
| Sep 4, 2026 | Price drop | $315,000$10K down |
| Aug 12, 2026 | Price drop | $325,000$10K down |
| Jun 1, 2026 | Listed | $335,000 |
| Year | Tax |
|---|---|
| 2025 | $2,313 |
Tax as filed on the listing. Jefferson County. Parcel 13364.
Madras · What to do about this house
The typical cut was 4.6% off the original ask, and the typical home went under contract in 57 days.
Madras single family homes · every sale that closed in the 12 months to October 21, 2026
public.market_metric · stat_id=pct_with_price_cut · geo_type=city · geo_slug=madras (Madras) · segment=detached · window_months=12 · definition_id=mt-v1 · n=161 · complete_through=2026-10-21 · read 2026-10-22 | public.market_metric · stat_id=median_price_cut_pct · geo_type=city · geo_slug=madras (Madras) · segment=detached · window_months=12 · definition_id=mt-v1 · n=68 · complete_through=2026-10-21 · read 2026-10-22 | public.market_metric · stat_id=median_days_to_contract · geo_type=city · geo_slug=madras (Madras) · segment=detached · window_months=12 · definition_id=mt-v1 · n=151 · complete_through=2026-10-21 · read 2026-10-22 | public.listings, this listing · OriginalListPrice 335000 to ListPrice 299999 · OnMarketDate 2026-06-01, calendar days to today in America/Los_Angeles · not DaysOnMarket, which is list-to-close
Tour requests usually get a same-day reply.
Listing courtesy of Mariposa Real Estate Corp.
Data last updated October 22, 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.
