$409,000
563 H
Madras, OR 97741 · Park Place Second Addition Phase 1
Down $15,000 from original list price $415,000.
Closed Jul 2025185 days on market$262/sqft
About this home
Description
Park Place Second Addition Phase 1 · For saleFeatured
Move-in ready! $5,000 credit possible if use Keely Matteo with Crosscountry Mortgage.Park Place is a new community in SW Madras w/ trails to ''M Hill'' just outside your door & in close proximity to parks, shopping, restaurants and lakes providing scenic outdoor recreation. Lot 8 is a spacious corner lot featuring the Aspen floorplan w/ ample side yard for RV/Boat/toys. A/C & tankless water heater included as well as landscaped front yard & fenced backyard! Primary bdrm features eastern views of sunrise, box vault ceiling, walk-in closet & full bath w/ double vanity. Entertain in your kitchen w/ SS appliances, tile backsplash, quartz countertops w/ island opening to vaulted great room w/ gas fireplace, large windows & door to backyard patio. Durable laminate plank flooring thru-out w/ carpeted bdrms. Laundry/utility room too. Floorplan subject to change. *Some photos virtually staged.
Listing courtesy of Keller Williams Realty Central Oregon, agent Lauren Hinton
Data last updated June 27, 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.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $320,000 · $80,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust 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 $399,900 with 20% down, this property runs $1,261 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.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
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