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Discover the charm and potential of country living on this 2-acre property spanning two tax lots just north of Madras. Surrounded by productive farmland, open skies, and wonderful neighbors, this classic 1960s home offers vintage character and rural tranquility. The beautifully updated kitchen features custom hickory cabinetry, abundant storage, and all appliances included. A delightful surprise awaits in the bedrooms, where you'll find gorgeous original oak hardwood floors. Zoned Agricultural, the property offers ample space for gardening, livestock, hobbies, and future improvements. A serviceable barn provides room for pigs, chickens, hay, and feed storage. Enjoy extensive garden areas, North Unit Irrigation, and service from Opal Springs domestic water, plus a private well that may benefit from a new pump. Property will be fully cleaned prior to closing. A wonderful opportunity to create your own Central Oregon homestead.
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A rough estimate, not a quote. Loan amount $399,920 · $99,980 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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Education
| Date | Event | Price |
|---|---|---|
| Jun 26, 2026 | Listed | $500,000 |
$398 per sq ft
65 days on market. Madras median to pending is 53 days.
Tax $2,476 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 $499,900 with 20% down, this property runs $1,750 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 Engel & Voelkers Bend, agent Tricia Hansen, 541-350-8256
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.
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 $500,000, 9.9% above the Madras median list price. See full Madras market →