729 SE Grizzly Road, Madras, OR 97741

$225,000
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 574 Lot Size (sq. ft.): 43,560 Status: Active
Current Price: $225,000 List Date: 9/01/2026 Last Modified: 9/01/2026

Overview

Description

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.

Listing Details MLS# 220198059

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
2
Bathrooms Total
Yes
Bathrooms Full
Yes
Garage YN
No
Total Living Area SqFt
574
Main House SqFt
574
SqFt Source
Assessor
Year Built
1970
Accessory Dwelling Unit YN
No
Rented YN
No
Short Term Rental Permit YN
No
New Construction YN
No
Elementary School
Buff Elementary
Middle Or Junior School
Jefferson County Middle
High School
Madras High
Zoning
R1
Tax Annual Amount
1311.28
Tax Year
2025
CC&R's YN
No
Association YN
No
Senior Community YN
No
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Appliances: Oven; Range; Refrigerator; Water Heater Architectural Style: Bungalow Basement: None Common Walls: No Common Walls Construction Materials: Frame Cooling: None Flooring: Carpet; Laminate; Vinyl Foundation Details: None Heating: Electric; Zoned Interior Features: Primary Downstairs; Shower/Tub Combo Levels: One Roof: Composition Rooms: Kitchen; Laundry; Living Room Other Structures: Shed(s) Parking Features: Driveway; RV Access/Parking Patio and Porch Features: Deck Road Surface Type: Paved View: Neighborhood; Territorial Utilities: Electricity Connected Power Production: None Sewer: Septic Tank Water Source: Public Listing Terms: Cash Special Listing Conditions: Standard

Location Tax and Legal

Street Number
729
Street Dir Prefix
SE
Street Name
Grizzly
Street Suffix
Road
County
Jefferson
State
OR
Postal Code
97741
Subdivision Name
N/A

Contract Information

Original List Price
225000
List Price per SqFt
391.99
Listing Contract Date
2025-03-24
Projected Active Date
2025-04-10

Remarks and Miscellaneous

Public Remarks
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.

Status Change Information

Status Change Timestamp
2026-09-01

More Information

Listing Office: Signet Realty
Last Updated: September - 01 - 2026
Information deemed reliable but not guaranteed.