Rare Opportunity in the Heart of Madras! Situated on a full acre within city limits, this charming 2-bedroom, 1-bath home offers unique potential for the savvy buyer or investor. The home features a dedicated laundry area, two storage buildings, and has been well loved over the years. Whether you're looking for a project home to make your own or exploring development possibilities, this property holds exciting promise. Check with the City of Madras regarding potential to subdivide. Please note: the home does not have a permanent foundation and will not qualify for traditional financing.
Active
$225,000
729 SE Grizzly Rd, Madras, OR 97741
2beds
1baths
574sqft
Single Family Residence
Built in 1970
1 Acres Lot
$-- Zestimate®
$392/sqft
$-- HOA
What's special
Dedicated laundry areaTwo storage buildings
- 428 days |
- 322 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Signet Realty 541-350-4859
Source: Oregon Datashare,MLS#: 220198059
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Electric, Zoned
Cooling
- None
Appliances
- Included: Oven, Range, Refrigerator, Water Heater
Features
- Primary Downstairs, Shower/Tub Combo
- Flooring: Carpet, Laminate, Vinyl
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 574
- Total interior livable area: 574 sqft
Property
Parking
- Parking features: Driveway, RV Access/Parking
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: City, Neighborhood, Territorial
Lot
- Size: 1 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 13066
- Zoning description: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: None
- Roof: Composition
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Madras
Financial & listing details
- Price per square foot: $392/sqft
- Tax assessed value: $186,360
- Annual tax amount: $1,311
- Date on market: 9/26/2025
- Cumulative days on market: 429 days
- Listing terms: Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,171/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2025 | Listed for sale | $225,000+462.5%$392/sqft |
Source:  Oregon Datashare #220198059 Report a problem | ||
| 5/31/2002 | Sold | $40,000$70/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,289 +6.8% | $61,980 +3% |
| 2023 | $1,207 +1.5% | $60,180 +3% |
| 2022 | $1,190 +4.4% | $58,430 +3% |
| 2021 | $1,139 +2.1% | $56,730 +3% |
| 2020 | $1,115 +7% | $55,080 +6.1% |
| 2018 | $1,042 +3.8% | $51,930 +3% |
| 2017 | $1,004 +3.4% | $50,420 +3% |
| 2016 | $971 | $48,960 +3% |
| 2015 | $971 +4.6% | $47,540 +3% |
| 2014 | $928 | $46,160 +3% |
| 2013 | $928 -0.8% | $44,820 +3% |
| 2012 | $936 +21.4% | $43,520 +11.8% |
| 2011 | $771 | $38,910 -7.9% |
| 2009 | -- | $42,270 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 97741
Nearby schools
GreatSchools rating
- 2/10Madras Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Jefferson County Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Madras High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Buff Elementary
- 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
- 729 SE Grizzly Rd
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