Charming home in the heart of Madras near shopping & schools. 2 bedroom/1 bathroom, 1120 sq ft home, recently renovated gem boasts all the modern features you've been searching for. Enjoy the luxury of a fully remodeled kitchen w/soft close drawers, granite countertops, full tile backsplash & brand new gas stove/oven. All large appliances are included. You'll love the convenience of a huge walk-in pantry, perfect for all your storage needs. The large laundry/mud room bathed in natural light, creating a welcoming & functional space. Light/airy bathroom offers walk in shower, storage cabinet, & solid surface counter top. Elegant & easy-to-maintain luxury vinyl plank flooring throughout the entire home. Corner natural gas fireplace to enjoy year round. Detached 1 car garage w/alley access. Substantial .26-acre lot, there's plenty of room for your outdoor needs, whether it's storing your toys or planning for a future shop. Zoned R2 allows for up to 4 units on lot.
Closed
$295,000
480 SW 1st St, Madras, OR 97741
2beds
1baths
1,120sqft
Single Family Residence
Built in 1946
0.26 Acres Lot
$305,200 Zestimate®
$263/sqft
$1,468 Estimated rent
Home value
$305,200
$290,000 - $320,000
$1,468/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$1,468/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$1,468/mo
Rent Zestimate®
Refinance and save
$1,777/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$1,777/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 10, 2026 at 03:30am
Listed by:
Signet Realty 541-350-4859
Bought with:
Keller Williams Realty Central Oregon
Source: Oregon Datashare,MLS#: 220170630
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Natural Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer, Water Heater
Features
- Breakfast Bar, Built-in Features, Ceiling Fan(s), Fiberglass Stall Shower, Granite Counters, Pantry, Primary Downstairs, Solid Surface Counters
- Flooring: Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Basement: None
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,120
- Total interior livable area: 1,120 sqft
Property
Parking
- Total spaces: 1
- Parking features: Alley Access, Detached, Driveway, Gravel, On Street, RV Access/Parking
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Fencing: Fenced
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.26 Acres
Details
- Parcel number: 9541
- Zoning description: R2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Madras
- Subdivision: Railroad
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2023 | Sold | $295,000+5.7%$263/sqft |
Source:  Oregon Datashare #220170630 Report a problem | ||
| 10/11/2023 | Pending sale | $279,000$249/sqft |
Source: Oregon Datashare #220170630 Report a problem | ||
| 10/2/2023 | Price change | $279,000-7%$249/sqft |
Source: Oregon Datashare #220170630 Report a problem | ||
| 9/1/2023 | Listed for sale | $299,900+501%$268/sqft |
Source: Oregon Datashare #220170630 Report a problem | ||
| 10/28/2010 | Sold | $49,900$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,890 +6.8% | $90,890 +3% |
| 2023 | $1,771 +1.5% | $88,250 +3% |
| 2022 | $1,745 +4.4% | $85,680 +3% |
Find assessor info on the county website
Neighborhood: 97741
Nearby schools
GreatSchools rating
- 2/10Madras Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Jefferson County Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Madras High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Madras 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$305,200
2% more
+$6,104
With Zillow Showcase(estimated)
$311,304
- Oregon
- Jefferson County
- Madras
- 97741
- 480 SW 1st St