Listing Details for MLS # OM674302
10851 Se 190th Court, Ocklawaha, Fl 32179

Residential Property - Single Family Residence in Ocklawaha

Listing Price: $150,000Days on Market: 4

Description of Property

SECLUDED LAKEFRONT CABIN SITTING ON A PENINSULA ! Beautiful cozy cabin for your friends and family to make memories to last lifetimes and generations! Fully furnished includes Security cameras, 12x14 shed, washer/dryer, chest freezer, tankless hot water heater, Weboost signal booster antenna and modem for cell phones, Nestled in the Ocala National Forest, these Properties are rare and hard to get your hands on. Don't let this opportunity pass you by. Cabin is a 1-bedroom 1-bath with a large family room and brick fireplace. The fireplace caps off the cabin feeling which truly is a remarkable sight. Pictures do not do this justice. All the essentials are just a few miles down the road while giving you the feeling that your still secluded. 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!This is the only 1 bedroom/1 bath single family residence between $100,000 and $200,000 currently listed for sale in this Zip code.