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.
Active
Price cut: $50K (10/18)
$549,999
585 SW Fairgrounds Rd, Madras, OR 97741
3beds
1baths
1,440sqft
Est.:
Single Family Residence
Built in 1948
4.43 Acres Lot
$512,600 Zestimate®
$382/sqft
$-- HOA
What's special
Several horse corralsShed with electricity
- 190 days |
- 112 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: November 11, 2025 at 04:30pm
Listed by:
Coldwell Banker Bain carol.swendsen@cbrealty.com
Source: Oregon Datashare,MLS#: 220205101
Tour with a local agent
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; 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: $382/sqft
- Tax assessed value: $267,380
- Annual tax amount: $2,451
- Date on market: 7/2/2025
- Cumulative days on market: 191 days
- Listing terms: Cash,Conventional
- Has irrigation water rights: Yes
- Road surface type: Paved
Estimated market value
$512,600
$487,000 - $538,000
$1,812/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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
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% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,176/mo
Principal & interest
$2645
Property taxes
$339
Home insurance
$192
Climate risks
Neighborhood: 97741
Nearby schools
GreatSchools rating
- 2/10Metolius Elementary SchoolGrades: K-5Distance: 2.6 mi
- 5/10Jefferson County Middle SchoolGrades: 6-8Distance: 2.1 mi
- 5/10Madras High SchoolGrades: 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.
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