Active

$689,900

505 SE Rancho Ln, Madras, OR 97741

3beds

3baths

4,441sqft

Est.:

Single Family Residence

Built in 2003

2.18 Acres Lot

$672,600 Zestimate^®

$155/sqft

$-- HOA

What's special

Propane fireplaceOutdoor fireplaceLiving and family roomsMountain viewsGenerous workspaceWalk-out daylight basementAbundant storage

Welcome to this beautifully maintained custom home in one of Madras' most desirable, quiet neighborhoods. Built in 2004 and lovingly cared for by just two owners, this spacious 3-story home offers 2,641 sq ft on the main levels, featuring a primary suite, oversized rooms, hardwood, tile & carpet, propane fireplace, living & family rooms, and formal dining. The kitchen showcases custom alder cabinetry, abundant storage, and generous workspace. Upstairs includes a 2nd primary suite/bath, loft, and 3rd bedroom. The walk-out daylight basement offers an additional 1,800 sq ft, partially finished with insulation, sheetrock, a plumbed bath, and rough electrical--ready for expansion, multi-gen living, or income potential. Enjoy a private deck with Sunsetter awning, phantom screen door, and mountain views, plus native landscaping, outdoor fireplace, and oversized 2-car garage. Truly exceptional! Seller is a licensed Oregon real estate agent. Contingent on seller securing replacement property.

4 days

252

15

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Fireplace(s), Electric, Forced Air, Heat Pump, Propane

Cooling

Heat Pump

Appliances

Included: Instant Hot Water, Cooktop, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Water Heater

Features

Breakfast Bar, Ceiling Fan(s), Double Vanity, Fiberglass Stall Shower, Kitchen Island, Linen Closet, Pantry, Primary Downstairs, Shower/Tub Combo, Smart Thermostat, Solar Tube(s), Tile Counters, Tile Shower, Vaulted Ceiling(s), Walk-In Closet(s)
Flooring: Carpet, Hardwood, Tile
Windows: Double Pane Windows, Vinyl Frames
Basement: Daylight,Exterior Entry,Full,Partial
Has fireplace: Yes
Fireplace features: Family Room, Propane
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 2,641
Total interior livable area: 4,441 sqft
Finished area below ground: 1,800

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Attached, Concrete, Driveway, Garage Door Opener, On Street, Workshop in Garage
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: Three Or More
Stories: 3
Patio & porch: Awning(s), Covered, Covered Deck, Deck, Patio, Porch, Wrap Around
Exterior features: Fire Pit
Has view: Yes
View description: Mountain(s), Territorial

Lot

Size: 2.18 Acres
Features: Corner Lot, Landscaped, Level, Native Plants

Details

Parcel number: 1624
Zoning description: RR-5
Special conditions: Standard

Construction

Type & style

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

Materials

Frame
Foundation: Stemwall
Roof: Composition

Condition

New construction: No
Year built: 2003

Utilities & green energy

Sewer: Capping Fill, Septic Tank
Water: Backflow Domestic, Public

Community & HOA

Community

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

HOA

Has HOA: No

Location

Region: Madras

Financial & listing details

Price per square foot: $155/sqft
Tax assessed value: $653,460
Annual tax amount: $5,430
Date on market: 5/1/2026
Cumulative days on market: 4 days
Listing terms: Cash,Conventional,FHA,VA Loan
Inclusions: Microwave, Oven, Range, DishwasherAll attached blinds
Exclusions: Washer/Dryer, Some garden art in front yard, Curtains, Refrigerator is negotiable outside of escrow,
Road surface type: Paved

Estimated market value

$672,600

$639,000 - $706,000

$3,126/mo

Price history

Date	Event	Price
5/1/2026	Listed for sale	$689,900+135.5%$155/sqft
Source: Oregon Datashare #220220566 Report a problem
12/1/2014	Sold	$293,000-9.8%$66/sqft
Source: Public Record Report a problem
9/30/2014	Price change	$324,900-1.5%$73/sqft
Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem
7/23/2014	Price change	$329,900-1.5%$74/sqft
Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem
2/1/2014	Price change	$334,900-4.3%$75/sqft
Source: Coldwell Banker Dick Dodson Realty #201307368 Report a problem
7/18/2013	Price change	$349,900-2.8%$79/sqft
Source: Cascade Sotheby's International Realty #201302413 Report a problem
5/31/2013	Price change	$359,900-2.6%$81/sqft
Source: Cascade Sotheby's International Realty #201302413 Report a problem
5/3/2013	Price change	$369,500-3.5%$83/sqft
Source: Cascade Sotheby's International Realty #201302413 Report a problem
4/4/2013	Listed for sale	$383,000$86/sqft
Source: Cascade Sotheby's International Realty #201302413 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,353 +7.7%	$321,120 +3%
2023	$4,969 +1.1%	$311,770 +3%
2022	$4,914 +4.8%	$302,690 +3%
2021	$4,688 +1.9%	$293,880 +3%
2020	$4,600 +7.3%	$285,330 +6.1%
2018	$4,288 +4%	$268,960 +3%
2017	$4,122 +3.6%	$261,130 +3%
2016	$3,980	$253,530 +3%
2015	$3,980 +4.2%	$246,150 +3%
2014	$3,820	$238,990 +3%
2013	$3,820 -0.4%	$232,030 +3%
2012	$3,834 +4.5%	$225,280 +3%
2011	$3,668 +2.9%	$218,720 +3%
2010	$3,563	$212,350

Find assessor info on the county website

Monthly payment

Est. payment

$3,788/mo

Principal & interest

$3363

Property taxes

$425

More affordability tools

Climate risks

Neighborhood: 97741

Getting around

0 / 100

Car-Dependent

4 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Buff Intermediate School
Grades: K-5Distance: 1.1 mi
5/10
Jefferson County Middle School
Grades: 6-8Distance: 1.6 mi
5/10
Madras High School
Grades: 9-12Distance: 1.3 mi

Schools provided by the listing agent

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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