For sale

$225,000

Est. $1,378/mo —

•

574

sq ft

729 SE Grizzly Rd, Madras, OR 97741

About this home

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.

Single-familyProperty Type

1970Year Built

1 acresLot Size

$392Price/Sq.Ft.

1 spaceParking

Listed by Ali Alire Stensgar-Alire • Signet Realty

Listing updated: Sep 1, 2026 at 10:49am

Redfin checked: 2 minutes ago

•Source:MLSCO #220198059

Payment calculator

$1,378 per month

Principal and interest$1,213

Property taxes

$109

HOA dues

Home insurance

$56

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (6)

OPEN FRI, 12PM TO 2PM
$369,950
3 beds2 baths1,512 sq ft
651 NE Mitchell St #166, Madras, OR 97741
OPEN FRI, 4PM TO 6PM
$475,000
5 beds3 baths1,836 sq ft
444 NE Cedar St, Madras, OR 97741
Jason Luecker • Keller Williams Realty Central Oregon
OPEN SAT, 10AM TO 1PM3D WALKTHROUGH
$489,901
3 beds3 baths1,978 sq ft
420 SE Manzanita Dr, Madras, OR 97741
John Goodnight • Berkshire Hathaway HomeServices NW Real Estate
OPEN SAT, 11AM TO 2PM
$409,900
3 beds2 baths1,476 sq ft
317 Center Ridge Dr, Culver, OR 97734
OPEN SAT, 4PM TO 6PM
$595,000
3 beds3 baths1,657 sq ft
2085 SE Sagebrush Dr, Madras, OR 97741
Jason Luecker • Keller Williams Realty Central Oregon
OPEN SEP 22, 11AM TO 1PM
$434,500
4 beds2 baths1,920 sq ft
411 Meadowview St, Culver, OR 97734

Around this home

Schools

K - 12
Preschool & daycare

Madras Elementary School

Public K-5 • Assigned • 0.6mi

2/10

Jefferson County Middle School

Public 6-8 • Assigned • 0.5mi

5/10

Madras High School

Public 9-12 • Assigned • 0.5mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

729 SE Grizzly Rd · $225,000

DAYS ON MARKET

The average home goes pending in 61 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

LIST PRICE

Median list price in this area is $481,575. (114% higher than this home)

PRICE DROP

23% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Primary bedroom is downstairs
Shower/Tub combo

Bedrooms
2 bedrooms

Bathrooms
1 full bathroom

Kitchen
Oven
Range
Refrigerator
Water heater

Laundry & utility
Laundry room

Flooring
Carpet
Laminate
Vinyl

Heating & cooling
Electric heating
Zoned heating
No cooling

Sale and tax history for 729 SE Grizzly Rd

Sale History
Tax History

Public record

Public record
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

1 Acre

Year renovated

1970

Finished Sq. Ft.

574

Unfinished Sq. Ft.

—

Total Sq. Ft.

574

Year built

1970

Style

Other

County

Jefferson County

APN

111312-AD-00605

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 13, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

5/10 Fire Factor

6% chance of being in a wildfire in next 30 years

4/10 Heat Factor

7 days above 95° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

18 unhealthy days expected this year, 22 days in 30 years

Provided by First Street

Historical weather

Madras, OR • 97741

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

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Oct

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Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 729 SE Grizzly Rd

$217,310

$7,690 under list price of $225K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $201K to $368K.

SOLD JUN 23, 2026
738 SE Sun Dr, Madras, OR 97741
$201,000 Last sold price
3 beds1 bath1,304 sq ft
738 SE Sun Dr, Madras, OR 97741
$238/sq ft
smaller lot
6 years older
SOLD JUL 6, 2026
$262,500 Last sold price
2 beds2 baths1,050 sq ft
748 SW Madison St, Madras, OR 97741
$142/sq ft
smaller lot
55 years newer
SOLD JUL 20, 2026
$255,000 Last sold price
3 beds2 baths1,266 sq ft
857 SE Maliah Ave, Madras, OR 97741
$191/sq ft
smaller lot
35 years newer
SOLD JUN 5, 2026
$367,500 Last sold price
3 beds2 baths1,232 sq ft
639 SE 10th St, Madras, OR 97741
$94/sq ft
smaller lot
36 years newer
SOLD APR 16, 2026
$274,900 Last sold price
2 beds1 bath1,031 sq ft
585 SW 1st St, Madras, OR 97741
$125/sq ft
smaller lot
24 years older
SOLD AUG 13, 2026
$300,000 Last sold price
3 beds2 baths1,180 sq ft
578 NE Marigold St, Madras, OR 97741
$138/sq ft
smaller lot
34 years newer

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