1551 SW Ellis St

998 Sq. Ft.
$341 / Sq. Ft.
998
Sq. Ft.
$341
per Sq. Ft.

Description

3.25% Assumable Loan + ADU Potential! Say goodbye to your landlord and step into homeownership with an incredible, hard-to-find financial advantage. This affordable and solid home features a rare assumable FHA loan at a fixed 3.25% interest rate (approx. $187k balance, only 25 years remaining), keeping your monthly PITI payment at a remarkably low $1,319! To make it sweeter, property taxes are an ultra-low $1,685/year. Living room with laminate flooring. Bright, functional kitchen packed with ample...3.25% Assumable Loan + ADU Potential! Say goodbye to your landlord and step into homeownership with an incredible, hard-to-find financial advantage. This affordable and solid home features a rare assumable FHA loan at a fixed 3.25% interest rate (approx. $187k balance, only 25 years remaining), keeping your monthly PITI payment at a remarkably low $1,319! To make it sweeter, property taxes are an ultra-low $1,685/year. Living room with laminate flooring. Bright, functional kitchen packed with ample cabinetry, a dedicated pantry. Newer SS appliances. Bathroom with tub/shower combination. Located in a quiet, peaceful neighborhood. Large, fully fenced backyard with convenient alley access. Bonus Space: A large, finished room attached to the back of the detached garage is a blank canvas—perfect for an ADU conversion, home office, workshop, or craft room. Don't miss this rare opportunity to lock in yesterday's interest rates today! Schedule your tour today.
  1. Listed by DIETER WEHNER • Brokerage DRE #201255155 • iHOMES
    P: (503)-881-4242 iHOMES@ihomesweb.com

Property Details for 1551 Southwest Ellis Street

Architectural Style
1 Story
Subdivision Name
Ellis Addition
Zoning
SR
Zoning Description
SR
LISTING UPDATED: 06/28/2026 06:21 AM

Property Details for 1551 Southwest Ellis Street

StatusActive
MLS #842810
Days on Market2
Taxes$1,685 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1928
Lot Size0.20 AC / 8,712 SF
CountyPolk County

Location

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Building Information for 1551 Southwest Ellis Street

Stories1Year Built1928Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$1,834 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,694

Property Taxes

$140

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1551 Southwest Ellis Street

Summary
Location and General Information
  • Carrier Route: C006
  • Latitude: 44.913794
  • Longitude: -123.323371
Taxes and HOA
  • Tax Annual Amount: $1,685.00
School Information
  • Elementary School: Oakdale Heights
  • High School: Dallas
  • Middle Or Junior School: LaCreole
Parking
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: RV Access/Parking, Detached
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Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.2
  • Lot Size Dimensions: 144 X 62
  • Lot Size Square Feet: 8712.0
Property and Assessments
  • Living Area: 998.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1928
Building Features
  • Construction Materials: Wood Siding
Utilities
  • Sewer: Public Sewer
  • Utilities: Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Fenced
  • Roof: Composition, Shingle
  • Stories: 1
Interior Features
  • Appliances: Dishwasher, Electric Range, Water Heater, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Laminate
  • Heating: Zoned
  • Has Heating: Yes
  • Interior Features: Master Downstairs, High Speed Internet
  • Has Spa: No
  • Water Heater: Electric
Room Information
Room 1
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Type: Kitchen
Room 3
  • Room Level: Main
  • Room Type: Master Bedroom
Rental
Tenant Information
  • Occupant Name: Vacant

Property History for 1551 Southwest Ellis Street

DateEvent & SourcePriceAppreciation
Jun 27, 2026

Listed (Active)

Willamette Valley MLS #842810

$339,850
May 24, 2021

Sold (Public Record)

Public Record #698833442

$269,900

+93.6% / yr

Aug 25, 2020

Sold (Public Record)

Public Record #677091040

$165,000

+33.1% / yr

DateEvent & SourcePrice
06/27/2026

Listed (Active)

Willamette Valley MLS #842810

$339,850
05/24/2021

Sold (Public Record)

Public Record #698833442

$269,900

+93.6% / yr

08/25/2020

Sold (Public Record)

Public Record #677091040

$165,000

+33.1% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1551 Southwest Ellis Street

Taxable ValueLand$43,100Additions$76,290Total$119,390
Tax Record2025$1,685 ($140 / month)
Home Facts
Beds2Baths1Total Finished SqFt988 SqFtAbove Grade Finished SqFt988 SqFtStories1Lot Size8,712 SqFtStyleSingle Family ResidenceYear Built1928Year Renovated1990ZoningRSCountyPOLKAPN07532-DC-06501

Schools near 1551 Southwest Ellis Street

This home is within Dallas School District 2.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Oakdale Heights Elementary School
PublicK to 3

Whitworth Elementary School
Public3 to 5

Lacreole Middle School
Public6 to 8

Dallas High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1551 Southwest Ellis Street is a single family home for sale in Dallas, OR 97338. This property was listed for sale on June 27, 2026 by iHOMES, it's currently listed at $339,850. It has been on the market for a total of 2 days and was last sold on May 24, 2021. This listing's school district is Dallas School District 2. Nearby schools include Oakdale Heights Elementary School, Whitworth Elementary School and Lacreole Middle School. 1551 Southwest Ellis Street is a 3-bed, 1-bath, 998 sqft single family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of iHOMES

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.