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    • Price cut: $14K (7/20)
    $665,000

    505 SE Rancho Ln, Madras, OR 97741

    3beds
    3baths
    2,641sqft
    : 
    $4,583/mo
    Get pre-qualified
    Single Family Residence
    Built in 2003
    2.18 Acres Lot
    $653,500 Zestimate®
    $252/sqft
    $-- HOA

    What's special

    Propane fireplaceOutdoor fireplaceLiving and family roomsMountain viewsGenerous workspaceWalk-out daylight basementAbundant storage
    Welcome to this beautifully maintained custom home in one of Madras' most desirable, quiet neighborhoods on 2+ acres! This spacious home offers 2,641 sq ft on the main levels, featuring 2 primary suites, 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 the 2nd primary suite/bath, loft, and 3rd roomy 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-generational living, or income potential. Situated on a 2-acre lot, offering privacy, room to roam, and endless possibilities. 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 home! Seller is a licensed Oregon real estate agen
    88 days
    |
    305
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Windermere Realty Trust 541-923-4663

    Source: Oregon Datashare,MLS#: 220220566MLS Logo

      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: $252/sqft
      • Tax assessed value: $653,460
      • Annual tax amount: $5,430
      • Date on market: 5/1/2026
      • Cumulative days on market: 89 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

        $653,500

        $621,000 - $686,000

        $2,781/mo

        Price history

        DateEventPrice
        7/20/2026Price change$665,000-2.1%$252/sqft
        Source: Oregon Datashare #220220566 Report a problem
        6/22/2026Price change$679,000-1.6%$257/sqft
        Source: Oregon Datashare #220220566 Report a problem
        5/1/2026Listed for sale$689,900+135.5%$261/sqft
        Source: Oregon Datashare #220220566 Report a problem
        12/1/2014Sold$293,000-9.8%$111/sqft
        Source: Public Record Report a problem
        9/30/2014Price change$324,900-1.5%$123/sqft
        Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem
        7/23/2014Price change$329,900-1.5%$125/sqft
        Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem
        2/1/2014Price change$334,900-4.3%$127/sqft
        Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem
        7/18/2013Price change$349,900-2.8%$132/sqft
        Source: Cascade Sotheby's International Realty #201302413 Report a problem
        5/31/2013Price change$359,900-2.6%$136/sqft
        Source: Cascade Sotheby's International Realty #201302413 Report a problem
        5/3/2013Price change$369,500-3.5%$140/sqft
        Source: Cascade Sotheby's International Realty #201302413 Report a problem
        4/4/2013Listed for sale$383,000$145/sqft
        Source: Cascade Sotheby's International Realty #201302413 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        0 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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