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$200,000

2505 Velma Terrace

Leesburg, FL 34748

Listing updated: June 24, 2026 at 7:06 PM ET

Active

Listing courtesy of Opendoor Brokerage Llc · Karen Albright · MLS #O6411487 · Active · 480-462-5392

Beds

Bath

1,118

Sq Ft

0.21

Acres

1982

Built

◆$179/sqft◆360° tour

Single Family Residence

Property type

1982

Year built

9,321 sqft

Lot size

$179

Price / sq ft

No HOA

HOA dues

Days on market

Garage space

Flood zone

About this home

Imagine 2505 Velma Ter, a residence where new flooring throughout the home and fresh interior paint present a renewed environment. The property further includes a new hvac system for year-round comfort, and double closets in the primary bedroom provide ample organized storage, alongside a pleasant patio for outdoor living. This move-in ready residence provides comfort, style, and practical living. Included 100-Day Home Warranty with buyer activation

Estimated monthly payment

Principal & interest$1,011

Property taxes$203

Home insurance (est.)$92

Down payment

20%

$40,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history27 days on market

Status: Active
May 28, 2026
Listed$204,000
May 28, 2026
Price reduced$200,000

Facts & features

Property type: Residential
Sub type: Single Family Residence
Status: Active
Days on market: 27
Subdivision: Acreage Or Unrec
County: Lake
Year built: 1982
Living area: 1,118 sq ft
Price/sq ft: $179
Lot size: 9,321 sq ft
Lot category: 0 to less than 1/4
Flood zone: X (12069C0308E)
Garage: 1 spaces
Annual taxes: $2,431 (2025)
Parcel #: 21-19-24-0004-000-13612
Zoning: R-6
MLS #: O6411487

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Interior Details

Bedrooms: 3
Full bathrooms: 1
Flooring: Vinyl
Appliances: Other, Range Hood
Interior features: L Dining, Primary Bedroom Main Floor
Laundry: Laundry Room
Stories / Levels: One
Direction faces: North

Heating & Cooling

Heating: Central
Cooling: Central Air

Parking

Garage spaces: 1
Attached garage: Yes
Parking features: None

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Min lease term: No Minimum
Listing terms: Cash, Conventional, VA Loan
Ownership: Fee Simple
Available for lease: No
Lease restrictions: Yes
Additional lease restrictions: Buyer to verify.
Approval process: Buyer to verify.

Exterior & Construction

Exterior features: Other
Construction materials: Stucco
Roof: Shingle
Foundation: Slab
Road surface: Dirt

Utilities

Sewer: Septic Tank
Water source: Well
Utilities: Electricity Available, Natural Gas Available, Water Available

Room Details

Room	Level	Dimensions
Kitchen	First
Living Room	First
Primary Bedroom	First

Listing Details

Listing date: 2026-05-28
On market date: 2026-05-28
Original list price: $204,000
Occupant type: Vacant
MLS area: 34748 - Leesburg
Listing AOR: Orlando Regional
Status changed: 2026-05-28
Tax legal description: FROM NW COR OF SW 1/4 OF NE 1/4 OF SE 1/4 RUN S 230 FT E 330 FT FOR POB E 75 FT S 125 FT W 75 FT N 125 FT TO POB ORB 724 PG 1192 ORB 3875 PG 2314

Flood risk

Minimal riskFEMA Zone XPanel 12069C0308E

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From US 27 and US 441. Head east on Thomas Ave. Turn left onto Virginia Dr and continue onto Merridale Ave. Turn right onto Velma Ter. The destination is on the right.

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Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 24, 2026 at 7:06 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA