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Property 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 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.
Full Property Details
Full Property Details for 1551 SW Ellis St
General
- Price: $339,850
- Taxes: $1,685 (25-26)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 842810
- Updated: 6/28/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Color: Blue
Parking
- Garage Description: Detached
Location
- County: POLK COUNTY
- Subdivision: Ellis Addition
School Information
- Elementary School: Oakdale Heights
- Middle School: LaCreole
- High School: Dallas
Heating & Cooling
- Heating/Cooling: Electric, Zonal
- Water Heater: Electric
Utilities
- Sewer: Yes
- Water: City, Connected
Structural Information
- Roof: Composition, Shingle
- Square Feet: 998
- Year Built: 1928
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Zoning: SR
- Lot Description: 3
Financial Considerations
- Price Per Sq. Ft.: $340.53
- Assessment Year: 1928
- Tax Amount: $1,685
- Tax Year: 25-26
Disclosures and Reports
- Lot Number: 3
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Schools
Schools serving 1551 SW Ellis St
School District:Dallas School District 2
| Name | Grades | Distance |
|---|---|---|
Oakdale Heights Elementary School 1375 Southwest Maple Street, Dallas, OR 97338 | K-3 | 0.7 mi |
Whitworth Elementary School 1151 Southeast Miller Avenue, Dallas, OR 97338 | 4-5 | 1.3 mi |
Lacreole Middle School 701 Southeast Lacreole Drive, Dallas, OR 97338 | 6-8 | 1.3 mi |
Dallas High School 1250 Southeast Holman Avenue, Dallas, OR 97338 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1551 SW Ellis St
Date
Details
Price
Change
Source
6/27/2026
Listed
$339,850
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1551 SW Ellis St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,685
3%
$122,970
3%
2024
$1,635
—
$119,390
3%
2024
$1,635
4%
$115,920
3%
2023
$1,573
6%
$112,550
6%
2021
$1,489
-3%
$106,100
-3%
2022
$1,531
3%
$109,280
6%
2021
$1,489
6%
$103,010
3%
2019
$1,405
—
$100,010
3%
2018
$1,401
4%
$97,100
3%
2017
$1,346
-1%
$94,280
3%
2016
$1,355
2%
$91,540
3%
2015
$1,328
3%
$88,880
3%
2014
$1,293
4%
$86,300
3%
2013
$1,248
—
$83,790
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1551 SW Ellis St
1551 SW Ellis St, Dallas, OR 97338 (MLS# 842810) is a Single Family property with 3 bedrooms and 1 full bathroom. 1551 SW Ellis St is currently listed for $339,850 and was received on June 27, 2026. Want to learn more about 1551 SW Ellis St? Do you have questions about finding other Single Family real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

