616 SW Colfax Ln Madras, OR 97741
3
Beds
2.5
Baths
1,397
Sq Ft
2.58
Acres
Highlights
- Barn
- Greenhouse
- RV Garage
- Horse Stalls
- Spa
- Deck
About This Home
As of May 2023Rare opportunity! 2.58 acres with irrigation water. Comfortable home with 3 bedrooms, 2.5 baths and an office. Stay cozy and warm with the heat from a pellet stove or enjoy the hot tub. 1400 sq. ft. combination shop and barn is ideal for working on projects, storage and keeping animals out of the weather. In addition, there is a hay storage shed and also a metal carport for RV storage. Call a REALTOR for an appointment to see this home!
Last Agent to Sell the Property
Vic Delamarter
Midland Realty License #780403482 Listed on: 09/24/2019
Last Buyer's Agent
Jordan Marx
Keller Williams Realty Central Oregon License #201222776
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,459
Year Built
- Built in 1965
Lot Details
- 2.58 Acre Lot
- Fenced
- Landscaped
- Property is zoned RR5, RR5
Parking
- 2 Car Attached Garage
- Workshop in Garage
- Garage Door Opener
- Driveway
- RV Garage
Home Design
- Ranch Style House
- Stem Wall Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 1,397 Sq Ft Home
- Ceiling Fan
- Low Emissivity Windows
- Vinyl Clad Windows
- Living Room
- Home Office
- Territorial Views
Kitchen
- Eat-In Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Outdoor Features
- Spa
- Deck
- Patio
- Greenhouse
- Separate Outdoor Workshop
Schools
- Metolius Elementary School
- Jefferson County Middle School
- Madras High School
Farming
- Barn
- 3 Irrigated Acres
Horse Facilities and Amenities
- Horse Stalls
- Corral
Utilities
- Cooling Available
- Forced Air Heating System
- Heat Pump System
- Pellet Stove burns compressed wood to generate heat
- Irrigation Water Rights
- Water Heater
- Septic Tank
Community Details
- No Home Owners Association
- Claj Subdivision
Listing and Financial Details
- Exclusions: Air compressor
- Assessor Parcel Number 1910
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 10, 2023
Closed on
May 16, 2023
Sold by
Ferdinand Nolan B
Bought by
Kageler Jason and Kageler Jennifer
Seller's Agent
Allis Alire
Signet Realty
Buyer's Agent
Michael Ahern
eXp Realty, LLC
List Price
$467,500
Sold Price
$420,000
Premium/Discount to List
-$47,500
-10.16%
Views
80
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Original Mortgage
$433,860
Interest Rate
6.28%
Mortgage Type
VA
Purchase Details
Listed on
Sep 24, 2019
Closed on
May 20, 2020
Sold by
Jones Mary Jo
Bought by
Ferdinand Nalan B and Ferdinand Carolyn R
Seller's Agent
Vic Delamarter
Midland Realty
Buyer's Agent
Jordan Marx
Keller Williams Realty Central Oregon
List Price
$400,000
Sold Price
$360,000
Premium/Discount to List
-$40,000
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$360,000
Interest Rate
3.3%
Mortgage Type
VA
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Don’t miss this well maintained property in the heart of Central Oregon's grasslands. Situated in the fertile valley floor, this updated home sits on a 1/2 acre + parcel in the center of historic Gateway. Just 4 miles from the Trout Creek Rec Area – bird hunting paradise! The home, shop and well appointed garden areas create an inviting family homestead, just 11 miles from downtown Madras. The
Holly Cole Keller Williams Realty Central Oregon
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $420,000 | Western Title | |
| Warranty Deed | $360,000 | Western Title And Escrow |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $441,154 | VA | |
| Closed | $433,860 | VA | |
| Previous Owner | $360,000 | VA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Price Changed | $448,000 | -6.7% | $321 / Sq Ft |
| 07/23/2025 07/23/25 | Pending | -- | -- | -- |
| 06/01/2025 06/01/25 | Price Changed | $480,000 | +1.1% | $344 / Sq Ft |
| 05/16/2025 05/16/25 | Price Changed | $475,000 | -1.0% | $340 / Sq Ft |
| 05/09/2025 05/09/25 | Price Changed | $480,000 | +4.3% | $344 / Sq Ft |
| 04/08/2025 04/08/25 | Price Changed | $460,000 | -4.0% | $329 / Sq Ft |
| 04/07/2025 04/07/25 | Price Changed | $479,000 | -1.2% | $343 / Sq Ft |
| 01/07/2025 01/07/25 | For Sale | $485,000 | +15.5% | $347 / Sq Ft |
| 05/19/2023 05/19/23 | Sold | $420,000 | -7.7% | $301 / Sq Ft |
| 04/07/2023 04/07/23 | Pending | -- | -- | -- |
| 03/25/2023 03/25/23 | Price Changed | $455,000 | -2.7% | $326 / Sq Ft |
| 03/10/2023 03/10/23 | For Sale | $467,500 | +29.9% | $335 / Sq Ft |
| 05/22/2020 05/22/20 | Sold | $360,000 | -10.0% | $258 / Sq Ft |
| 04/12/2020 04/12/20 | Pending | -- | -- | -- |
| 09/20/2019 09/20/19 | For Sale | $400,000 | -- | $286 / Sq Ft |
Source: Oregon Datashare
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,069 | $184,110 | -- | -- |
| 2023 | $2,849 | $178,750 | $0 | $0 |
| 2022 | $2,349 | $173,550 | $0 | $0 |
| 2021 | $2,688 | $168,500 | $0 | $0 |
| 2020 | $2,638 | $163,600 | $0 | $0 |
| 2019 | $2,541 | $158,840 | $0 | $0 |
| 2018 | $2,459 | $154,220 | $0 | $0 |
| 2017 | $2,363 | $149,730 | $0 | $0 |
| 2016 | $2,182 | $143,050 | $0 | $0 |
| 2015 | $1,865 | $130,470 | $0 | $0 |
| 2014 | $1,865 | $120,070 | $0 | $0 |
| 2013 | -- | $122,190 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Michael Ahern
eXp Realty, LLC
(541) 420-9000
95 Total Sales
-
Seller's Agent in 2023
Allis Alire
Signet Realty
(541) 350-4859
284 Total Sales
-
M
Buyer's Agent in 2023
Mike Ahern
Dick Dodson Realty
-
V
Seller's Agent in 2020
Vic Delamarter
Midland Realty
-
J
Buyer's Agent in 2020
Jordan Marx
Keller Williams Realty Central Oregon
Map
Source: Oregon Datashare
MLS Number: 201909197
APN: 111314-CD-00700
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