10851 SE 190th Court Ocklawaha, FL 32179
Description
OM674302
0.69 acres
Single-Family Home
1957
Water
Marion County
Listed By
STELLAR
Last checked Sep 20 2024 at 9:26 AM GMT+0000
- Full Bathroom: 1
- Open Floorplan
- Appliances: Microwave
- Appliances: Dryer
- Appliances: Freezer
- Appliances: Tankless Water Heater
- Appliances: Range
- Appliances: Refrigerator
- Appliances: Washer
- Govt Lease Lt Lake Catherine
- Fireplace: Wood Burning
- Foundation: Pillar/Post/Pier
- Other
- Wall/Window Unit(s)
- Wood
- Wood Frame
- Wood Siding
- Roof: Metal
- Utilities: Electricity Connected, Sewer Connected, Water Source: Well
- Sewer: Septic Tank
- 1
- 916 sqft
The land is leased from US Forestry Service via a special use permit. Full time residency is not allowed. Cabin sold for cash only, lenders will not finance. The way this works is the cabin, and any personal property is purchased in cash and delivered by “Bill of Sale” and the land lease is transferred to the buyer by the US Forestry Service. This land is under the Federal Recreation Residence program and leased under a special use permit. See docs attached for US Forestry service rules and Regulations. Annual lease fee is currently $1,753 and there is a transfer fee (one time) of $1,350. Basically, the structures on the land are owned by the seller, but the land itself is leased to the seller by the US Forestry Service. This transfer process can take some time. The first order of business is all the funds to close are placed in escrow with the title company and the buyer then makes application with the Forestry Service to transfer the special use permit. The Forestry Service inspects the cabin for compliance to the lease terms, and requires corrections, if any, be performed and re-inspected before moving forward. The transfer is then approved locally and then sent to Tallahassee to be signed and returned, which can take a few weeks, but is well worth waiting for!