Price Reduction - Views - Fixer Upper

Address

515 Ella Avenue, INVERNESS, FL

Listing Type

Active

Price

$ 53,001

Your Agent

Angel Pabon

Broker / Owner, Broker

414-759-5486

Property Attributes

MLS#OM727203
TypeSingle Family
Listing Status Active
CountyCitrus
CityINVERNESS
AreaInverness
NeighborhoodNOT IN A SUBDIVISION
Zip34450
StyleSingle Family Residence
Year Built1945
Taxes$ 1075
Price$ 53,001
Bedrooms2
Full Bathrooms1
Half Bathrooms0
Sqr Footage902
Lot Size0.3 Acres

Data Source:

Stellar MLS

Property Description

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.

Price History
6/23/2026	Listed $72,111
7/3/2026	18$59,222
8/14/2026	11$53,001

General Features

Sewer	Septic Tank
Heating	Electric
Cooling	Wall/Window Unit(s)
Utilities	Cable Available,Electricity Connected,Water Connected
Possession	Close Of Escrow
Roof	Shingle
Appliances	Range,Refrigerator
Zoning	RO
Construction Materials	Wood Siding
Pets Allowed	Yes
Year Built	1945
View	Trees/Woods
Levels	One
Property Subtype	Single Family Residence
Tax Year	2025
Ownership	Fee Simple
County	Citrus
New Construction	false
Property Type	Residential
Subdivision Name	NOT IN A SUBDIVISION
Facing Direction	East
Garage Y/N	false
Total Rooms	4
Full Baths	1
Status	Active
Directions	Heading West on Main St from downtown Inverness, slight right onto US 41, turn right on W Dampier St, left on Ella Ave, left at light to stay on Ella Ave, turn left down unmarked path, home is on the right at the end of the path. The path is overgrown. It will be best to park along the path and walk up once it gets narrow. The map on MLS is marked properly. GPS will take you to the wrong house.
City	INVERNESS
Senior Community Y/N	false
MLS Area	34450 - Inverness
Lot Size Units	Square Feet
Lot Size Square Feet	12859
Carport Y/N	false
Listing Terms	Cash
Land Lease Y/N	false
Tax Annual Amount	1075.08
Property Condition	Fixer
Additional Parcels Y/N	false
Lease Considered Y/N	true
Virtual Tour	https://www.propertypanorama.com/instaview/stellar/OM727203
Building Area Units	Square Feet
Living Area Units	Square Feet
Standard Status	Active
Occupancy Type	Tenant
Tax Lot	NA
Legal Description	COM AT SW COR OF N 275 FT OF E1/2 OF SE1/4 OF SW1/4 OF SE1/4 TH N 80 FT TO STAKE TH E 36 FT S 80 FT W 36 FT TO POB DESC IN OR BK 99 PG 422 & COM AT SW COR OF N 27 5 FT OF E1/2 OF SE1/4 OF SW1/4 OF SE1/4 TH N 80 FT TO STAKE TH E 36 FT TO ANOTHER STAKE FOR POB OF LANDS HE REIN CONVEYED TH S 80 FT TO ANOTHER STAKE TH E 36 FT 5 IN TH N 80 FT MOL TO PT THAT IS E 27 FT 10 IN FROM POB TH W 27 FT 10 IN TO POB DESC IN OR BK 104 PG 559 & 1 00 FT WD STRIP BEING 50 FT WD ON EACH SD OF CTRLN OF R D BE D OF F ORMER MAIN TRACK OF S FLA RR CO EXT NW'LY FROM S LN OF SEC 715 FT MOL TO N LN OF SE1/4 OF SW1/4 OF SE 1/4 DESC IN OR BK 162 PG 358 & BEG AT NW COR OF S 385 F TO E1/2 OF SE1/4 OF SW1/4 OF SE1/4 TH E AL N LN OF SD S 385 FT OF E1/2 OF SE1/4 OF SW1/4 OF
Minimum Lease	No Minimum
Water Access Y/N	false
Water View Y/N	false
Flood Zone Code	X
In Law Suite YN	false
Flood Zone Code X	Yes

Interior Features

Interior Amenities	Open Floorplan
Flooring	Carpet,Other
Furnished Y/N	Unfurnished
Total Stories	1
Air Conditioning Y/N	true
Heating Y/N	true
Fireplace Y/N	false
Laundry Features	Electric Dryer Hookup,Outside,Washer Hookup
Total Bedrooms	2
LivingAreaSource	Public Records
Total Baths	1

Exterior Features

Exterior Amenities	Private Mailbox,Private Yard
Lot Features	Irregular Lot
Water Source	Public
Lot Size Area	12859
Foundation Details	Pillar/Post/Pier
Building Area Total	902
Lot Dimensions	80 x 180
Lot Size Acres	0.3
Road Surface Type	Paved
Private Pool	false
Waterfront Y/N	false