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481 Hope Avenue, Sisters, OR 97759 | Ryan Realty — Central Oregon Real Estate

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Bend · Oregon541.703.3095

481 Hope Avenue

$1.4M3 bd · 3 ba · 2,401 sqft

481 Hope Avenue, Sisters, OR 97759 · Pine Meadow Vill $1,395,000

481 Hope Avenue

Sisters, OR 97759 · Pine Meadow Vill

Down $104,000 from original list price $1,499,000.

● Active117 days on market$581/sqft

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About this home

Pine Meadow Vill · For sale

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Central Oregon real estate across Bend, Redmond, Sisters, Sunriver, La Pine and Terrebonne.

541.703.3095 matt@ryan-realty.comBend · Oregon

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© 2026 Ryan Realty LLC · Principal Broker Matt Ryan · Licensed in Oregon · Equal Housing Opportunity

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Listings data provided by Oregon Data Share and Morgan Data Shuttle. Information deemed reliable but not guaranteed. Principal Broker license 201206613.

Description

Welcome, Sisters Outdoor Quilt Show visitors! If you've ever imagined owning a home in one of Oregon's most charming mountain towns, this is the perfect weekend to discover why so many people fall in love with Sisters.

Perched in the sought-after Pine Meadow Village neighborhood, this beautifully updated home offers sweeping Cascade Mountain views, 2,401 sq ft, 3 bedrooms, 3 full baths, and a spacious loft. Vaulted ceilings, abundant natural light, and recent interior and exterior updates create a move-in-ready retreat designed for both everyday living and memorable weekends with family and friends.

Enjoy the community pool, nearby walking trails, and an easy stroll to downtown Sisters for shopping, galleries, restaurants, and year-round events.

While you're in town for the Quilt Show, stop by the Open House and enter our FREE drawing for a beautiful handcrafted quilt! Whether you're looking for a full-time residence or the perfect Central Oregon getaway, we'd love to welcome you!

Facts

Property details

Overview

Bedrooms: 3
Bathrooms: 3
Living area: 2,401 sq ft
Property type: Single Family Residence
Year built: 2008
Property age: 18 years
Style: Craftsman, Northwest

Interior

Levels: Two
Building area: 2,401 sq ft
Fireplace: Yes

Exterior & lot

Lot size: 0.20 acres
Lot features: Adjoins Public Lands, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
View: Cascade Mountains, Neighborhood, Panoramic
Construction: Frame
Roof: Composition
Foundation: Stemwall
Pool: Yes
Garage

Systems & utilities

Sewer: Public Sewer

Financial

Price / sq ft: $581
HOA: $0 per month
Annual taxes: $9,419
Tax year: 2025

Listing

MLS number: 220216981
County: Deschutes
Parcel: 205223

Listing courtesy of Cascade Views Realty, LLC, agent Sally Jacobson

Data last updated July 10, 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.

Education

Schools

Elementary

Middle

High

Outdoors

Parks nearby

Village Green City Park

City park·0.4 mi

Estimate

Monthly payment

A rough estimate, not a quote. A real number comes from a lender.

Home price

Down payment %

Rate %

Term (years)

Principal + interest$7,425/mo

Property taxes$785/mo

Homeowners insurance$388/mo

Total monthly (PITI)$8,597

Loan amount $1,116,000 · $279,000 down · 30 year term

For investors

Rental analysis

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.

Purchase & financing

Purchase price

$

Rehab budget (optional)

$

Down payment20% · $279,000

Interest rate

%

Loan term

Income

Monthly rent

$

Estimate $2,336 ($2,100–$2,675) · HUD Fair Market Rent (FY2025), Deschutes County, 3BR. Edit to your own number.

Vacancy

%

Operating expenses

Property taxes (yearly)

$

Insurance (yearly)

$

Management (% of rent)

%

Maintenance (% of rent)

%

Capital reserves (% of rent)

%

HOA (monthly)

$

Cash flow

-$6,528/mo

Cap rate

0.8%

Cash on cash

-28.1%

Cash needed

$279,000

At $1,395,000 with 20% down, this property runs $6,528 per month negative. Adjust the price, down payment, or rent to find what works.

Monthly cash flow

Gross rent$2,336

Vacancy (5%)- $117

Operating income$2,219

Operating expenses- $1,322

Net operating income$897

Loan payment- $7,425

Cash flow-$6,528

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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.

Location

Where this home sits

In Sisters, at the foot of the Three Sisters.

Climate

Climate risk

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.

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Investment

Vacation rental

We 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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Talk to a broker

Questions about this home?

Tour requests usually get a same-day reply. No pressure, no obligation.

Matt Ryan

Owner & Principal Broker #201206613

541.703.3095 matt@ryan-realty.com

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