585 SW Fairgrounds Road, Madras, OR 97741

$499,999
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,440 Lot Size (sq. ft.): 192,971 Status: Active
Current Price: $499,999 List Date: 2/06/2026 Last Modified: 9/18/2026

Overview

Description

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.

Listing Details MLS# 220214937

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
Yes
Bathrooms Full
Yes
Garage YN
No
Total Living Area SqFt
1440
Main House SqFt
1440
SqFt Source
Assessor
Year Built
1948
Accessory Dwelling Unit YN
No
Rented YN
No
Short Term Rental Permit YN
No
New Construction YN
No
Elementary School
Metolius Elem
Middle Or Junior School
Jefferson County Middle
High School
Madras High
Zoning
RR-5
Tax Annual Amount
2451.48
Tax Year
2024
Potential Tax Liability YN
No
Assessment YN
No
Irrigation Water Rights YN
Yes
Irrigation Water Rights Acres
4.34
Irrigation District
North Unit
CC&R's YN
No
Association YN
No
Senior Community YN
No
Horse Property YN
Yes
Preferred Escrow Company & Officer
First American Jenny Schossow
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Architectural Style: Ranch Basement: None Common Walls: No Common Walls Construction Materials: Frame Cooling: None Flooring: Concrete; Laminate; Tile Foundation Details: Slab Heating: Natural Gas Interior Features: Ceiling Fan(s); Laminate Counters; Primary Downstairs; Shower/Tub Combo Levels: One Roof: Composition Rooms: Kitchen; Living Room Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Window Features: Aluminum Frames Easements: Utilities Flood: Unknown Irrigation Source: District Lot Features: Corner Lot; Fenced; Pasture Other Structures: Barn(s); Corral(s); Poultry Coop; Shed(s); Storage Parking Features: Gravel; No Garage; RV Access/Parking Road Frontage Type: Private Access Road Surface Type: Paved Structure Type: House View: Territorial Utilities: Electricity Connected Power Production: None Sewer: Public Sewer Water Source: Other Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
585
Street Dir Prefix
SW
Street Name
Fairgrounds
Street Suffix
Road
County
Jefferson
State
OR
Postal Code
97741
Subdivision Name
N/A

Contract Information

Original List Price
549999
List Price per SqFt
347.22
Listing Contract Date
2026-02-06

Remarks and Miscellaneous

Public Remarks
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.

Status Change Information

Status Change Timestamp
2026-02-06

More Information

Listing Office: Cascade Hasson SIR
Last Updated: September - 18 - 2026
Information deemed reliable but not guaranteed.