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$275,000
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Property Description
USDA eligible, possible 100% financing or perhaps you like the potential for a short-term rental? This 2-bed, 1-bath cottage near downtown is packed with charm. Enjoy an open kitchen, smart layout, and nearly 5,000 sq ft lot-perfect for gardens, BBQs, or play. Ideal for first-time buyers, down-sizers, or low-maintenance living.
Full Property Details
Full Property Details for 488 B St
General
- Price: $275,000
- Taxes: $1,351 (2024)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 833367
- Updated: 1/2/2026
- Added to Site: 126 day(s) ago
Interior
- Flooring: Other(Refer to Remarks), Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Parking
- Garage Description: None
Location
- County: POLK COUNTY
- Driving Directions: 4th, West on B St.
School Information
- Elementary School: Independence
- Middle School: Talmadge
- High School: Central
Heating & Cooling
- Heating/Cooling: Electric, Forced Air, Ductless/Mini-Split
- Water Heater: Electric
Utilities
- Water: City
Structural Information
- Roof: Composition, Shingle
- Square Feet: 560
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,884
- Zoning: RS
- Lot Description: 0
Financial Considerations
- Price Per Sq. Ft.: $491.07
- Assessment Year: 1960
- Tax Amount: $1,351
- Tax Year: 2024
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Schools
Schools serving 488 B St
School District:Central School District 13j
| Name | Grades | Distance |
|---|---|---|
Independence Elementary School 150 South 4th Street, Independence, OR 97351 | K-5 | 0 mi |
Talmadge Middle School 51 South 16th Street, Independence, OR 97351 | 6-8 | 1 mi |
Central High School 1530 Monmouth Street, Independence, OR 97351 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 488 B St
Date
Details
Price
Change
Source
1/02/2026
Price Reduced
$275,000
-8.18%
MLS
11/14/2025
Price Reduced
$299,500
-0.13%
MLS
10/15/2025
Price Reduced
$299,900
-0.03%
MLS
9/11/2025
Listed
$300,000
227.28%
MLS
2/25/2016
Sold
$91,665
—
Public Record
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 488 B St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,351
-3%
$74,590
3%
2023
$1,386
10%
$72,420
6%
2021
$1,258
-1%
$68,280
-3%
2022
$1,272
1%
$70,320
6%
2021
$1,258
5%
$66,300
3%
2019
$1,194
3%
$64,370
3%
2018
$1,156
1%
$62,500
3%
2017
$1,149
-2%
$60,680
3%
2016
$1,171
6%
$58,920
3%
2015
$1,108
1%
$57,210
3%
2014
$1,093
7%
$55,550
3%
2013
$1,022
—
$53,940
—
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 488 B St
488 B St, Independence, OR 97351 (MLS# 833367) is a Single Family property with 2 bedrooms and 1 full bathroom. 488 B St is currently listed for $275,000 and was received on September 11, 2025. Want to learn more about 488 B St? Do you have questions about finding other Single Family real estate for sale in Independence? You can browse all Independence real estate or contact a Coldwell Banker agent to request more information.

