Active

$499,999

585 SW Fairgrounds Rd, Madras, OR 97741

3beds

1baths

1,440sqft

$3,447/mo

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Single Family Residence

Built in 1948

4.43 Acres Lot

$468,500 Zestimate^®

$347/sqft

$-- HOA

What's special

Fenced cross fencedSeveral horse corralsShed with electricity

Are you looking for a FIXER UPPER or for potential DEVELOPMENT property? This could be for you. A 4 bedroom home 1440 square feet with 1 bath, SOLD AS IS with several horse corrals, fenced, cross fenced, a shed with electricity, a barn all located on the corner of Fairgrounds Rd and Culver Highway. With a development coming in behind this property. There are 3 lots that have been partitioned 1 that is 2.43 acres with the house, and 2 - 1 acre lots all three lots with irrigation rights.

177 days

90

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1

Heating

Natural Gas

Cooling

None

Features

Ceiling Fan(s), Laminate Counters, Primary Downstairs, Shower/Tub Combo
Flooring: Concrete, Laminate, Tile
Windows: Aluminum Frames
Basement: None
Has fireplace: No
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,440
Total interior livable area: 1,440 sqft

Property

Parking

Parking features: Gravel, No Garage, RV Access/Parking

Features

Levels: One
Stories: 1
Fencing: Fenced
Has view: Yes
View description: Territorial

Lot

Size: 4.43 Acres
Features: Corner Lot, Pasture

Details

Additional structures: Barn(s), Corral(s), Poultry Coop, Shed(s), Storage
Additional parcels included: 111314BD00400; 111314BD00401; 111314BD00402
Parcel number: 11800
Zoning description: RR-5
Special conditions: Standard
Horses can be raised: Yes

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Frame
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1948

Utilities & green energy

Sewer: Public Sewer
Water: Other

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Madras

Financial & listing details

Price per square foot: $347/sqft
Tax assessed value: $267,380
Annual tax amount: $2,451
Date on market: 2/6/2026
Cumulative days on market: 396 days
Listing terms: Cash,Conventional
Has irrigation water rights: Yes
Road surface type: Paved

Estimated market value

$468,500

$445,000 - $492,000

$1,918/mo

Price history

Date	Event	Price
4/14/2026	Price change	$499,999-9.1%$347/sqft
Source: Oregon Datashare #220214937 Report a problem
10/18/2025	Price change	$549,999-8.3%$382/sqft
Source: Oregon Datashare #220205101 Report a problem
7/2/2025	Listed for sale	$599,999-25%$417/sqft
Source: Oregon Datashare #220205101 Report a problem
9/1/2024	Listing removed	$800,000$556/sqft
Source: Oregon Datashare #220173471 Report a problem
11/3/2023	Listed for sale	$800,000$556/sqft
Source: Oregon Datashare #220173471 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,787 +7.7%	$107,190 +3%
2023	$1,659 +1.1%	$104,070 +3%
2022	$1,640 +4.8%	$101,040 +3%
2021	$1,565 +1.9%	$98,100 +3%
2020	$1,536 +7.3%	$95,250 +6.1%
2018	$1,432 +4%	$89,790 +3%
2017	$1,376 +3.5%	$87,180 +3%
2016	$1,329 +2.9%	$84,650 +3%
2015	$1,291 +3.5%	$82,190 +3%
2014	$1,248	$79,800

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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

27 / 100

Car-Dependent

40 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

3/10
Metolius Elementary School
Grades: K-5Distance: 2.6 mi
5/10
Jefferson County Middle School
Grades: 6-8Distance: 2.1 mi
5/10
Madras High School
Grades: 9-12Distance: 1.3 mi

Schools provided by the listing agent

Elementary: Metolius Elem
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.