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Still time to choose your finishes! 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. The Elm floorplan is light and bright with many large windows in the open floorplan w/ vaulted great room w/ gas fireplace and slider door to backyard patio. Entertain in your kitchen w/ SS appliances, tile backsplash & quartz countertops. Primary bdrm features box vault ceiling, walk-in closet & full bath w/ double vanity. Durable laminate plank flooring thru-out w/ carpeted bdrms. Laundry/utility room too. A/C hook-up; can be easily added. Up to $5,000 lender credit w/ preferred lender. Floorplan subject to change. One Seller is an Oregon licensed broker. *Photos of home w/ similar floorplan. Some photos virtually staged. Finishes may vary.
A rough estimate, not a quote. Loan amount $332,000 · $83,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
See everything for sale in Park Place Second Addition Phase 1
| Date | Event | Price |
|---|---|---|
| Mar 12, 2026 | Listed | $415,000 |
$245 per sq ft
173 days on market. Madras median to pending is 53 days.
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 $415,000 with 20% down, this property runs $1,289 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 Lauren Hinton, 541-585-3760
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 $415,000, 8.8% below the Madras median list price. See full Madras market →