508 Lake St Inverness, FL 34450
2
Beds
1
Bath
1,308
Sq Ft
5,673
Sq Ft Lot
Highlights
- Lake Front
- No HOA
- Level Lot
- Florida Architecture
- Landscaped with Trees
- Heat Pump System
About This Home
As of December 2021THE PICTURES TELL IT ALL! If you're looking to get away for a weekend,a winter,or a Lifetime this tastefully remodeled Florida Lakefront cottage piece of Inverness History is just waiting for you. This beauty has much to offer!! High ceilings,laminate floors thru out,lots of windows,plantation shutters,and a homey kitchen looking out to the lake will bring you back in time. A relaxing family room for gatherings in the A/C or you can sit on the deck or the dock and take in the breeze off the beautiful lake blowing thru the cypress trees and watch the sunset. This section of the lake is known for world class fishing and is connected to the Tsala Apopka chain of lakes. Inverness, known "As the Country Town Done Right" has much to offer with festivals,concerts,fire works,antique car shows,fishing tournaments, restaurants,boating, and much more all within walking distance. All bundled up in a neatly remodeled package just waiting you!! ACT FAST THIS WONT LAST!!!!
Last Agent to Sell the Property
Edmond Bucks
Tropic Shores Realty License #3393682 Listed on: 09/20/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,302
Year Built
- Built in 1930
Lot Details
- 5,673 Sq Ft Lot
- Lake Front
- Property fronts a county road
- Level Lot
- Cleared Lot
- Landscaped with Trees
- Property is zoned LMD
Home Design
- Florida Architecture
- Pillar, Post or Pier Foundation
- Frame Construction
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,308 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Fire and Smoke Detector
Kitchen
- Gas Cooktop
- Built-In Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- Parking Available
- Driveway
Schools
- Inverness Primary Elementary School
- Inverness Middle School
- Citrus High School
Utilities
- Heat Pump System
- Water Heater
Community Details
- No Home Owners Association
- City Of Inverness Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2021
Closed on
Dec 13, 2021
Sold by
Burton Michael S
Bought by
Mclaughlin John and Mclaughlin Kimberly
Seller's Agent
Teri Paduano
RE/MAX Foxfire - HWY 40
List Price
$260,000
Sold Price
$260,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
Original Mortgage
$221,000
Outstanding Balance
$204,043
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$159,035
Purchase Details
Listed on
Sep 20, 2018
Closed on
May 28, 2019
Sold by
Mcmurray Barbara Jo and The Barbara Mcmurray Family Tr
Bought by
Burton Michael S
Seller's Agent
Edmond Bucks
Tropic Shores Realty
List Price
$219,000
Sold Price
$185,000
Premium/Discount to List
-$34,000
-15.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.28%
Purchase Details
Closed on
Sep 24, 2018
Sold by
Mcmurray Barbara Jo
Bought by
Mcmurray Barbara Jo and Barbara Mcmurray Family Trust
Purchase Details
Listed on
May 19, 2017
Closed on
Nov 15, 2017
Sold by
Brown Jack W
Bought by
Mcmurray Michael A and Mcmurray Barbara
Seller's Agent
Dawn Theroux
ERA American Suncoast Realty
Buyer's Agent
Deborah "Debbie" Scott
Coldwell Banker Investors Realty
List Price
$169,000
Sold Price
$160,000
Premium/Discount to List
-$9,000
-5.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%
Original Mortgage
$152,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 2, 2017
Sold by
Wade Sandra
Bought by
Brown Jack W
Purchase Details
Listed on
May 14, 2013
Closed on
Jun 21, 2013
Sold by
Consuegra Ulises J and Consuegra Martha H
Bought by
Brown Jack W and Wade Brown Sandra
Seller's Agent
Dawn Theroux
ERA American Suncoast Realty
Buyer's Agent
Sandra Clodwick
Edgewater Realty, Inc.
List Price
$124,900
Sold Price
$127,000
Premium/Discount to List
$2,100
1.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Purchase Details
Closed on
Jan 1, 1998
Bought by
Brown Jack W and Wade-Brown Sandra
Purchase Details
Closed on
Mar 1, 1992
Bought by
Brown Jack W and Wade-Brown Sandra
Purchase Details
Closed on
Oct 1, 1985
Bought by
Brown Jack W and Wade-Brown Sandra
Purchase Details
Closed on
May 1, 1983
Bought by
Brown Jack W and Wade-Brown Sandra
Purchase Details
Closed on
Feb 1, 1980
Bought by
Brown Jack W and Wade-Brown Sandra
Similar Homes in Inverness, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $260,000 | Fidelity Title Services Llc | |
| Warranty Deed | $185,000 | First International Ttl Inc | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $160,000 | First International Title In | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $127,000 | First Intl Title Inc | |
| Deed | $100 | -- | |
| Deed | $100 | -- | |
| Deed | $42,500 | -- | |
| Deed | $36,000 | -- | |
| Deed | $29,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $221,000 | New Conventional | |
| Previous Owner | $152,000 | New Conventional | |
| Previous Owner | $78,119 | Unknown | |
| Previous Owner | $78,900 | Unknown | |
| Previous Owner | $67,500 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Pending | -- | -- | -- |
| 07/01/2025 07/01/25 | Price Changed | $355,000 | -4.1% | $271 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $370,000 | +42.3% | $283 / Sq Ft |
| 12/13/2021 12/13/21 | Sold | $260,000 | 0.0% | $199 / Sq Ft |
| 11/13/2021 11/13/21 | Pending | -- | -- | -- |
| 10/21/2021 10/21/21 | For Sale | $260,000 | +40.5% | $199 / Sq Ft |
| 05/28/2019 05/28/19 | Sold | $185,000 | -15.5% | $141 / Sq Ft |
| 04/28/2019 04/28/19 | Pending | -- | -- | -- |
| 09/18/2018 09/18/18 | For Sale | $219,000 | +36.9% | $167 / Sq Ft |
| 11/16/2017 11/16/17 | Sold | $160,000 | -5.3% | $122 / Sq Ft |
| 10/17/2017 10/17/17 | Pending | -- | -- | -- |
| 05/15/2017 05/15/17 | For Sale | $169,000 | +33.1% | $129 / Sq Ft |
| 06/21/2013 06/21/13 | Sold | $127,000 | +1.7% | $97 / Sq Ft |
| 05/22/2013 05/22/13 | Pending | -- | -- | -- |
| 05/11/2013 05/11/13 | For Sale | $124,900 | -- | $95 / Sq Ft |
Source: REALTORS® Association of Citrus County
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,556 | $234,358 | $62,700 | $171,658 |
| 2023 | $4,556 | $218,765 | $51,300 | $167,465 |
| 2022 | $3,955 | $183,038 | $49,880 | $133,158 |
| 2021 | $1,677 | $121,759 | $0 | $0 |
| 2020 | $1,667 | $134,133 | $35,220 | $98,913 |
| 2019 | $2,841 | $127,247 | $35,220 | $92,027 |
| 2018 | $1,346 | $111,822 | $35,220 | $76,602 |
| 2017 | $2,302 | $109,614 | $35,220 | $74,394 |
| 2016 | $2,025 | $88,274 | $35,220 | $53,054 |
| 2015 | $2,032 | $88,960 | $35,230 | $53,730 |
| 2014 | $1,895 | $79,210 | $36,856 | $42,354 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
Jack McLaughlin
Dennis Realty & Investment Corp.
(352) 606-3911
2 Total Sales
-
T
Seller's Agent in 2021
Teri Paduano
RE/MAX
-
E
Seller's Agent in 2019
Edmond Bucks
Tropic Shores Realty
-
Seller's Agent in 2017
Dawn Theroux
ERA American Suncoast Realty
(352) 464-0501
57 in this area
229 Total Sales
-
D
Buyer's Agent in 2017
Deborah "Debbie" Scott
Coldwell Banker Investors Realty
-
S
Buyer's Agent in 2013
Sandra Clodwick
Edgewater Realty, Inc.
Map
Source: REALTORS® Association of Citrus County
MLS Number: 776955
APN: 20E-19S-17-0020-00160-0050
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Information is deemed reliable but not guaranteed.
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