Listed by: Carol Swendsen · Cascade Hasson SIR

$499,999Price cut $50,000
  • 3 beds
  • 1 bath
  • 1,440 sqft

585 SW Fairgrounds Road, Madras, OR 97741

Est. $2,836/moPayment calculator
  • Single Family ResidenceHome type
  • Built in 1948Year built
  • 4.43 acresLot
  • $347/sqftPrice per sqft
  • NoneHOA

About this home

  • Listed Feb 6, 2026
  • 239 days on market
  • 12 photos

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.

Facts & features

Interior

Bedrooms
3
Bathrooms
1
Full bathrooms
1
Living area
1,440 sqft
Levels
One

Features

  • Ceiling Fan(s)
  • Laminate Counters
  • Primary Downstairs
  • Shower/Tub Combo

Heating & cooling

  • Natural Gas
  • None

Flooring

  • Concrete
  • Laminate
  • Tile

Property

Lot size
4.43 acres
Subdivision
N/A

View

  • Territorial

Parking

  • Gravel
  • No Garage
  • RV Access/Parking

Construction

Home type
Single Family Residence
Property type
Residential
Year built
1948

Materials

  • Frame
  • Composition roof

Utilities

Sewer & water

  • Public Sewer
  • Other water

Community & HOA

Subdivision
N/A
HOA dues
None
County
Jefferson

Financial & listing details

List price
$499,999
Original list price
$549,999
Price per sqft
$347
Annual property tax
$2,451
Date on market
Feb 6, 2026
Days on market
239
MLS#
220214937

Price & status history

DateEventPrice
Feb 6, 2026Listed for sale$549,999

Neighborhood

  • SubdivisionN/A
  • CityMadras, OR 97741
  • CountyJefferson

Payment calculator

Estimated monthly payment

$2,836/mo

  • Principal & interest$2,528
  • Property taxes$204
  • Homeowners insurance$104
  • HOA dues$0

Loan amount $399,999 · 30-year fixed at 6.5%

Down payment
Loan term

An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.

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MLSCO

Listing provided by Cascade Hasson SIR · Listing agent: Carol Swendsen

Source
MLS of Central Oregon
MLS#
220214937
Last updated
Sep 18, 2026 at 9:25 AM

Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.