Auction Information
18.08 Acres in Madras, OR
PUBLISHED RESERVE: $189,500
LAST ASKING: $349,000
SIZE: 18.08± Acres
ZONING: R-3 (Planned Residential Development)
PROPERTY INSPECTION: At Any Time
FINANCING: None - All Cash
DESCRIPTION: This 18.08± acre residential development property is located in the city of Madras, across from Juniper Hill Park, close to the Madras Aquatic Center and new Jefferson County Middle School, and the 133 lot Yarrow Community being developed by Brooks Resources, central Oregon's largest developer. A new minimum-security facility opened in 2008 just east of Madras and is projected to employ up to 500. Madras has seen some growth as a retirement community due to proximity to central Oregon outdoor recreation opportunities, and to the city of Bend. The property had been approved for a tentative plat map of 60 homesites. This approval has expired, according to the city of Madras.
There are...
There are views of Mt. Jefferson to the west of the property. The R-3 zoning has a minimum lot size of 6,000 sq. ft., with schools and residential home facilities allowed through a Conditional Use Permit. All utilities are available to the property. The 2010 Jefferson County Real Market Value is $761,600.
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East Ashwood Drive.