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
Est.:
Single Family Residence
Built in 1970
1 Acres Lot
$-- Zestimate®
$392/sqft
$-- HOA
What's special
Dedicated laundry areaTwo storage buildings
- 288 days |
- 490 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 12:55pm
Listed by:
Signet Realty 541-350-4859
Source: Oregon Datashare,MLS#: 220198059
Tour with a local agent
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: 288 days
- Listing terms: Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,308/mo
Price history
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
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% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,326/mo
Principal & interest
$1108
Property taxes
$139
Home insurance
$79
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.
