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.
For sale
Listed by: Ihomes • DIETER WEHNER • Contact: 503-881-4242
$339,850
1551 SW Ellis St #1, Dallas, OR 97338
3beds
998sqft
Single Family Residence
Built in 1928
8,712 Square Feet Lot
$-- Zestimate®
$341/sqft
$-- HOA
What's special
Large fully fenced backyardConvenient alley accessDedicated pantryBright functional kitchenLaminate flooringAmple cabinetry
- 8 days |
- 609 |
- 61 |
Zillow last checked:
Listing updated:
Listed by:
DIETER WEHNER Direc:503-881-4242,
Ihomes
Source: WVMLS,MLS#: 842810
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
Dining room
- Features: Area (Combination)
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric, Zoned
Appliances
- Included: Dishwasher, Electric Range, Range Included, Electric Water Heater
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 998
- Total interior livable area: 998 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Exterior features: Blue
- Fencing: Fenced
Lot
- Size: 8,712 Square Feet
- Dimensions: 144 x 62
- Features: Dimension Above, Landscaped
Details
- Additional structures: RV/Boat Storage
- Zoning: SR
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding, T111
- Foundation: Continuous
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Connected
Community & HOA
Community
- Subdivision: Ellis Addition
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $341/sqft
- Annual tax amount: $1,685
- Price range: $339.9K - $339.9K
- Date on market: 6/27/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA,Conventional
- Inclusions: Refrigerator
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Listed for sale | $339,850$341/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 97338
Nearby schools
GreatSchools rating
- 5/10Oakdale Heights Elementary SchoolGrades: K-3Distance: 0.7 mi
- 4/10Lacreole Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Dallas High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Oakdale Heights
- Middle: LaCreole
- High: Dallas
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Oregon
- Polk County
- Dallas
- 97338
- 1551 SW Ellis St Unit 1









