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Listing provided courtesy of Windermere Realty TrustMLS# 220220566MLS Provider
  • 59 days on site
  • 0 views

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.

Source: Oregon Datashare, MLS#: 220220566

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  • Property Type
    Residential
  • Lot
    2.18 acres

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  • Median Age
    40
  • Population Density
    36
  • College Educated
    32%
  • Estimated Median Income
    $52,400
  • Estimated Total Home Owners
    2,586
  • Estimated Total Renters
    1,844
  • Owner / Renter Divide
    58% / 42%
  • Estimated Average Household Size
    3
  • Total Population
    12,791
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 505 SE Rancho Lane

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/22/2026Source: Oregon Datashare Price Reduction
$679,000 -1.6%
5/1/2026Source: Oregon Datashare Added to Database
May 01, 2026