Search

Nearby Properties

515 ELLA AVE,  INVERNESS, FL 34450

MLS# OM727203.  2 beds.  1.0 bath.  Single Family Home.  Active

$1,075 in taxes (2025)

$59,222   Reduced by $12,889 (21.8%)

 

Remarks:

Investor opportunity with RO (Residential/Office) zoning located just minutes from downtown Inverness. This 2-bedroom, 1-bathroom property is in need of substantial repairs and is being sold strictly as-is for cash buyers only. The home requires a new roof as soon as possible and has foundation issues that will need to be addressed. A portion of the living room was enclosed to create a flex space that may function as a third bedroom. Atleast two rooms have visible ceiling water damage, and there may be subfloor damage beneath stored personal property currently occupying those areas. Tarps are presently installed on the roof to help prevent additional water intrusion. The property does not have central air conditioning and is cooled by window units only. The condition of the plumbing and electrical systems is unknown. The interior shower is currently non-operational, and an outdoor shower is being used instead. Seller does not occupy the property and makes no representations regarding the condition of the home. Information provided is based on public records; buyers and buyer's agents are responsible for conducting all due diligence. The property is tenant occupied. Do not disturb tenants and do not visit the property without an appointment. Showings will be limited and are expected to occur primarily on weekends, as the tenant must be present during showings. The shed does not convey with the sale. Tenant indicates vehicles on the property will be removed prior to closing; however, any personal property remaining after closing will become the responsibility of the buyer. Conveniently located near shopping, restaurants, parks, public boat ramps, fishing, boating, and other outdoor recreation. RO zoning is intended to accommodate residential use alongside certain low-impact professional and administrative office uses; buyers should verify all permitted uses with the local zoning department. Cash offers only. Must use seller’s title company, Legal Counsel PA in Winter Garden, for closing with no exceptions. Preferred earnest money deposit is $7, 500. Inspection period not to exceed 3 days. Closing to occur in 35 days of accepted contract. Assignment of contract is not permitted.

Quick Info:

  • Listing is courtesy Of: REAL BROKER, LLC ((855-450-0442))
  • Listing Agent: Ashley Grieg ((850-405-6815))
  • Days on yellowkey: 14
  • Property Type: Single Family Home
  • Beds: 2
  • Baths: 1.0
  • Living Area Square Feet: 902
  • Built 1945
  • Taxes: $1,075 (2025)
  • Garage Spaces: ()
  • Square Feet: 902
  • Fees: $0
  • Citrus County
  • Terms: Cash
  • Subdivision Info:
  • Occupancy Information: Tenant
  • Community:
  • Membership Purchase Required:
  • Development Name:
  • Subdivision Name: NOT IN A SUBDIVISION
  • Complex Name:

Interior Details:

  • Interior Levels:
  • Stories:
  • Bedroom Description:
  • Master Bathroom Description:
  • Interior Features: Open Floorplan
  • Dining Description:
  • Floor:
  • Cooling:
  • Heating:
  • Equipment/Appliances:
  • Other Rooms:
  • Windows Treatment:
  • Cable Available
  • Water Utility:

Exterior/Other Details:

  • Design:
  • Design Description:
  • Guest House Living Area:
  • Guest House Description:
  • Efficiency:
  • Unit Floor Location:
  • Guest House Description:
  • Garage Description:
  • Carport Spaces:
  • Carport Description:
  • Parking Description:
  • Pool Description:
  • Pool Dimensions:
  • Lot:
  • Front Exposure:
  • Exterior Features: Private Mailbox, Private Yard
  • Roof Description:
  • Security:
  • Sprinkler:
  • Sewer Description:
  • Miscellaneous:
  • View:Trees/Woods
  • Waterfront Front:
  • Waterfront Description:
  • Water Access:

History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
7/3/2026Sale9OM727203Price Change$59,222-17.87%65.6563MLS
6/23/2026Sale0OM727203listed for sale$72,111-79.9456MLS




Data is updated at least once a week by Sunday nights. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Data can be retrieved from any one of the following MLS’s: Greater Fort Lauderdale REALTORS®, Space Coast Association of REALTORS®, My Florida Regional MLS, Florida Gulf Coast MLS, "©2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved." The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.