515 Ella Ave, photo 1
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Overview

2 bd1 ba902 sqftSingle Family
TypeSingle Family
HOANone listed
Built1945
Lot12,859 sqft
Living area902 sqft
Price / sqft$59

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Open FloorplanPrivate MailboxPrivate YardRangeRefrigerator

515 Ella Ave is a 1945-built home in Not IN A Subdivision, Inverness. Inside you'll find 2 bedrooms, 1 bathrooms, and 902 square feet of living space. Listed at $53,001 (about $59/sqft), 115 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

Built
1945
Price / sqft
$59
On market
115 days
Annual tax
$1,075
Flood zone
X · Low risk
Lot
12,859 sqft
Type
Single Family Residence

At a glance

Single family
Built 1945
0.30 acres
Lot size
902 sqft
Living area

Payment

Est. monthly payment
$392/mo
Down payment (20%)
$10,600
Property taxes
$90/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1945
Lot
12,859 sqft
Cooling
Wall/Window Unit(s)
Heating
Electric
Parking
-
Days on Market
115
Open Floorplan
Private Mailbox
Private Yard
Range
Refrigerator
Homestead exemption on file Flood Zone X
Annual Tax (2025)
$1,075
Parcel #
20E-19S-07-0000-23235

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Not IN A Subdivision
County
Citrus
MLS Area
34450 - Inverness
Lot Size
12,859 sqft
Irregular Lot

Price history

Date
Event
Price
8/14/2026
Price change
Source: Stellar MLS #OM727203
$53,001-10.5%
$59/sqft
-
Price change
Source: Stellar MLS #OM727203
$59,222-17.9%
$66/sqft
6/23/2026
Listed for sale
Source: Stellar MLS #OM727203
$72,111
$80/sqft

Neighborhood

515 Ella Ave
Inverness, FL, 34450 · 34450 - Inverness

Market insights

Offer Insights

Choose an offer strength

List price: $53,001
$52,000 – $53,001
97.3% – 100% of listTops out right at the list price
80% of listList price
30 of the last 58 home closings in 34450 landed at this number or higher (52%). The median one sat 36 days before it went under contract, and this one is on day 115 after a $19,110 cut.

Sample: 58 closed home sales in 34450 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$393/mo
Principal & interest$276
Property taxes$90
Insurance$27
Down payment20% · $10,600
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$53,001

$59 per sq ft

Beds and baths

2 beds, 1 baths

Size

902 sq ft

Time on market

115 days

Year built

1945

Monthly payment

About $392/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,075 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byREAL BROKER, LLCListing agent: Ashley GriegListing data from Stellar MLS, MLS# OM727203.

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