Welcome to this beautifully maintained custom home in one of Madras' most desirable, quiet neighborhoods. Built in 2004 and lovingly cared for by just two owners, this spacious 3-story home offers 2,641 sq ft on the main levels, featuring a primary suite, oversized rooms, hardwood, tile & carpet, propane fireplace, living & family rooms, and formal dining. The kitchen showcases custom alder cabinetry, abundant storage, and generous workspace. Upstairs includes a 2nd primary suite/bath, loft, and 3rd bedroom. The walk-out daylight basement offers an additional 1,800 sq ft, partially finished with insulation, sheetrock, a plumbed bath, and rough electrical--ready for expansion, multi-gen living, or income potential. Enjoy a private deck with Sunsetter awning, phantom screen door, and mountain views, plus native landscaping, outdoor fireplace, and oversized 2-car garage. Truly exceptional! Seller is a licensed Oregon real estate agent. Contingent on seller securing replacement property.
Active
$689,900
505 SE Rancho Ln, Madras, OR 97741
3beds
3baths
2,641sqft
Single Family Residence
Built in 2003
2.18 Acres Lot
$663,400 Zestimate®
$261/sqft
$-- HOA
What's special
Propane fireplaceOutdoor fireplaceLiving and family roomsMountain viewsGenerous workspaceWalk-out daylight basementAbundant storage
- 42 days |
- 293 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Windermere Realty Trust 541-923-4663
Source: Oregon Datashare,MLS#: 220220566
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Fireplace(s), Electric, Forced Air, Heat Pump, Propane
Cooling
- Heat Pump
Appliances
- Included: Instant Hot Water, Cooktop, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Water Heater
Features
- Breakfast Bar, Ceiling Fan(s), Double Vanity, Fiberglass Stall Shower, Kitchen Island, Linen Closet, Pantry, Primary Downstairs, Shower/Tub Combo, Smart Thermostat, Solar Tube(s), Tile Counters, Tile Shower, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Hardwood, Tile
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Daylight,Exterior Entry,Full,Partial
- Has fireplace: Yes
- Fireplace features: Family Room, Propane
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,641
- Total interior livable area: 2,641 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Concrete, Driveway, Garage Door Opener, On Street, Workshop in Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Awning(s), Covered, Covered Deck, Deck, Patio, Porch, Wrap Around
- Exterior features: Fire Pit
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 2.18 Acres
- Features: Corner Lot, Landscaped, Level, Native Plants
Details
- Parcel number: 1624
- Zoning description: RR-5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Capping Fill, Septic Tank
- Water: Backflow Domestic, Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Ranchos
HOA
- Has HOA: No
Location
- Region: Madras
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $653,460
- Annual tax amount: $5,430
- Date on market: 5/1/2026
- Cumulative days on market: 43 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Inclusions: Microwave, Oven, Range, DishwasherAll attached blinds
- Exclusions: Washer/Dryer, Some garden art in front yard, Curtains, Refrigerator is negotiable outside of escrow,
- Road surface type: Paved
Estimated market value
$663,400
$630,000 - $697,000
$3,139/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Listed for sale | $689,900+135.5%$261/sqft |
Source:  Oregon Datashare #220220566 Report a problem | ||
| 12/1/2014 | Sold | $293,000-9.8%$111/sqft |
Source: Public Record Report a problem | ||
| 9/30/2014 | Price change | $324,900-1.5%$123/sqft |
Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem | ||
| 7/23/2014 | Price change | $329,900-1.5%$125/sqft |
Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem | ||
| 2/1/2014 | Price change | $334,900-4.3%$127/sqft |
Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem | ||
| 7/18/2013 | Price change | $349,900-2.8%$132/sqft |
Source: Cascade Sotheby's International Realty #201302413 Report a problem | ||
| 5/31/2013 | Price change | $359,900-2.6%$136/sqft |
Source: Cascade Sotheby's International Realty #201302413 Report a problem | ||
| 5/3/2013 | Price change | $369,500-3.5%$140/sqft |
Source: Cascade Sotheby's International Realty #201302413 Report a problem | ||
| 4/4/2013 | Listed for sale | $383,000$145/sqft |
Source: Cascade Sotheby's International Realty #201302413 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,353 +7.7% | $321,120 +3% |
| 2023 | $4,969 +1.1% | $311,770 +3% |
| 2022 | $4,914 +4.8% | $302,690 +3% |
| 2021 | $4,688 +1.9% | $293,880 +3% |
| 2020 | $4,600 +7.3% | $285,330 +6.1% |
| 2018 | $4,288 +4% | $268,960 +3% |
| 2017 | $4,122 +3.6% | $261,130 +3% |
| 2016 | $3,980 | $253,530 +3% |
| 2015 | $3,980 +4.2% | $246,150 +3% |
| 2014 | $3,820 | $238,990 +3% |
| 2013 | $3,820 -0.4% | $232,030 +3% |
| 2012 | $3,834 +4.5% | $225,280 +3% |
| 2011 | $3,668 +2.9% | $218,720 +3% |
| 2010 | $3,563 | $212,350 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 97741
Nearby schools
GreatSchools rating
- 6/10Buff Intermediate SchoolGrades: K-5Distance: 1.1 mi
- 5/10Jefferson County Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10Madras High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Middle: Jefferson County Middle
- High: Madras High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Jefferson County
- Madras
- 97741
- 505 SE Rancho Ln
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