5500 S CHEROKEE TERRACE, INVERNESS, FL, 34452
Pending160 days on marketListed Mar 3, 2026MLS #W7883538
About this home
5500 S CHEROKEE TERRACE
Looking for a little elbow room and a lot of fresh air? Welcome to 5500 S Cherokee Ter in Inverness, where 1.30 acres of wooded Florida charm are waiting for you. Zoned LDRMH so yes, mobile homes are welcome. Bring the plans, bring the porch swing, and bring the chickens, if that’s your vibe. Tucked away on a dirt road for that peaceful, off the beaten path feel, this property offers the kind of privacy you just cannot fake. Towering pines, natural shade and plenty of space to carve out your perfect homesite. Country feel, room to roam and no cookie cutter vibes here. Come claim your slice of Citrus County and make it yours.
Facts & features
The home at a glance
1.3 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$347 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$347/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Inverness
Get to know Inverness. See the full Inverness guide →
INVERNESS 34452 — neighborhood snapshot
Population
13,729
Median age
46.8
Median income
$58,199
Median home value
$207,200
Avg household
2.35
Households w/ children
1,419
For the school run
Citrus County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Inverness market
$235K → $265K
Inverness median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
Median sold price, Inverness, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 42% below the INVERNESS 34452 median. See the full Inverness market guide →
Paper trail
This home's history
Reality check
What actually sold near 5500 S CHEROKEE TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$52,000
4636 S LOVERING POINT
2 bd · 1 ba · 720 sqft · $72/sqft · 33 DOM
Sold · Nov ’25$170,000
4901 S ARDEN TERRACE
2 bd · 2 ba · 926 sqft · $184/sqft · 28 DOM
Sold · Nov ’25$220,000
5235 S ROMANS AVENUE
2 bd · 2 ba · 1,040 sqft · $212/sqft · 92 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Frantreshia Miller
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 5500 S CHEROKEE TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5500 S CHEROKEE TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Frantreshia's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5500 S CHEROKEE TERRACE FAQs
What would the monthly payment be for 5500 S CHEROKEE TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $347/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5500 S CHEROKEE TERRACE?+
The most recent tax bill on record (2025) was $264. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Inverness?+
At $26,000, this home is listed about 90% below the Inverness median of $256,500. The market section on this page shows how the area is trending.
Which schools are assigned to 5500 S CHEROKEE TERRACE?+
Pleasant Grove Elementary School (elementary), Inverness Middle School (middle), Citrus High School (high) — Citrus County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the INVERNESS 34452 market on paper
$26,000 is 42% below the INVERNESS 34452 median of $45,000.
02Time on market is leverage
160 days on market against a Inverness median of 45 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $40,000, now $26,000 — a $14K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of KELLER WILLIAMS REALTY - ELITE PARTNERS II · Katie Spires, PA. MLS #W7883538.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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