NOT LISTED FOR SALE

880 SW 3rd St Madras, OR 97741

Madras Area

Estimated Value: $414,000 - $470,000

6 Beds
4 Baths
2,632 Sq Ft
$171/Sq Ft Est. Value

Sale Details

Date Sold: December 17, 2012

Last sale price $106,625 $41 Per Sq Ft

Est. 322% increase in value since last sale

Current estimated payment $2,734 / mo

264 Days on Market

About This Home

As of December 2012

Great multi-family investment. Each unit has three (3)bedrooms & two and a half (2.5) bathrooms. Each unit is approximately 1,320 SF and has a single car garage. Located close to Highway 97. Within walking distance to medical, shopping and banking. Call Listing Broker to arrange tour. Please do not disturb tenants.

Last Agent to Sell the Property

Brian Fratzke

Fratzke Commercial R.E. Advisors License #200402169 Listed on: 08/01/2012

Co-Listed By

Jeff Reed

NAI Cascade License #200701299

Last Buyer's Agent

Brian Fratzke

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,174

Year Built

  • Built in 2008

Lot Details

  • 4,792

Home Design

  • Duplex
  • Craftsman Architecture
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • 2-Story Property
  • 4,792 Sq Ft Lot

Community Details

  • 2 Units
  • Nw Townsite Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 8
  • Assessor Parcel Number 17039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,174

Year Built

Built in 2008

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Architectural Style: Craftsman
  • Unit Levels: Two
  • Lot Size Acres: 0.11
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Subdivision Name: Nw Townsite
  • Year Built: 2008
  • Co List Office Mls Id: ocFRATPM
  • Co List Office Phone: 541-306-4948
  • Co List Office Phone: 541-306-4948
  • MLS Status: Closed
  • Special Features: None

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Carpet, Vinyl

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Roof: Composition

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Parcel #: 17039
  • ResoLotSizeUnits: Acres
  • Zoning Description: R2

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2173.55
  • Tax Block: 8
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2021
Sold by
Bought by
Current Estimated Value
$449,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$285,403
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$164,370

Purchase Details

Closed on
Sep 17, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$285,403
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$164,370

Purchase Details

Listed on
Aug 1, 2012
Closed on
Dec 11, 2012
Sold by
Bought by
Seller's Agent
Brian Fratzke
Fratzke Commercial R.E. Advisors
Buyer's Agent
Brian Fratzke
Fratzke Commercial R.E. Advisors
List Price
$120,000
Sold Price
$106,625
Premium/Discount to List
-$13,375
-11.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%
Original Mortgage
$300,000
Interest Rate
3.35%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madras, OR

  • Brady Velikonia Real Estate Agent - Keller Williams Realty Central Oregon

    Brady Velikonia

    Keller Williams Realty Central Oregon

    (530) 464-1573

    52 Total Sales

    3 in Madras

    $325K - $338K Price Range

    Brady Velikonia
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  • Duane Myers Real Estate Agent - Real Broker

    Duane Myers

    Real Broker

    (541) 706-9483

    46 Total Sales

    1 in Madras

    $367,500 Price

    Duane Myers
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  • Angela Boothroyd Real Estate Agent - Windermere Realty Trust

    Angela Boothroyd

    Windermere Realty Trust

    (541) 639-8507

    109 Total Sales

    1 in Madras

    $288,500 Price

    Angela Boothroyd
     Section Image
  • Kristin Prosser Real Estate Agent - Cascade Hasson SIR

    Kristin Prosser

    Cascade Hasson SIR

    (541) 550-1330

    108 Total Sales

    2 in Madras

    $304K - $469K Price Range

    Kristin Prosser
     Section Image
  • Hayden Smith Real Estate Agent - Windermere Realty Trust

    Hayden Smith

    Windermere Realty Trust

    (458) 202-8464

    63 Total Sales

    2 in Madras

    $303K - $625K Price Range

    Hayden Smith
     Section Image
  • Nick Holmboe Real Estate Agent - Keller Williams Realty Central Oregon

    Nick Holmboe

    Keller Williams Realty Central Oregon

    (541) 306-5832

    75 Total Sales

    1 in Madras

    $431,595 Price

    Nick Holmboe
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 Western Title
$400,000 Western Title & Escrow
-- Amerititle
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $320,000
Closed $320,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/17/2012 12/17/12 Sold $106,625 -11.1% $41 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
02/08/2012 02/08/12 For Sale $120,000 -- $46 / Sq Ft
Source: Oregon Datashare

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,205 $156,030
2024 $3,150 $151,490
2023 $2,951 $147,080 $0 $0
2022 $2,908 $142,800 $0 $0
2021 $2,784 $138,650 $0 $0
2020 $2,726 $134,620 $0 $0
2019 $2,630 $130,700 $0 $0
2018 $2,547 $126,900 $0 $0
2017 $2,453 $123,210 $0 $0
2016 $2,372 $119,630 $0 $0
2015 $2,144 $116,150 $0 $0
2014 $2,144 $112,770 $0 $0
2013 -- $108,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Brian Fratzke

    Fratzke Commercial R.E. Advisors

    Section Image
  • Jeff Reed Real Estate Agent - NAI Cascade

    Seller Co-Listing Agent in 2012

    Jeff Reed

    NAI Cascade

    (541) 280-7068

    9 Total Sales

    Jeff Reed
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 201200939

Oregon Datashare

APN: 111311-DD-05801

Oregon Jefferson County Madras 97741

880 SW 3rd St, Madras, OR

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Oregon Datashare © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.

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