UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 864 sqft
Price per Sqft $133
Subdivision Govt Lease Lt Lake Ker
MLS Listing ID OM705955
Bedrooms 2
Full Baths 1
Construction Status Completed
HOA Y/N No
Year Built 1962
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 132x198
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
**NOTE** This is a United States Forest Service Recreational Residence lease property. Property is “As-Is”, About US Forest Service Recreational Residence Leases -- Full time residency is NOT allowed. Renting the property is NOT allowed. Buyer is responsible for annual property taxes, the annual Forestry lease fee and a one time transfer fee. The way this works is the cottage, and any personal property is purchased cash or conventional and delivered by “Bill of Sale”. The remaining 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 $2,400, the annual taxes are currently $300 and there is a transfer fee (one time)- $1,302. 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 from seller to buyer 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 existing special use permit. The Forestry Service inspects the cabin for compliance to the lease terms, and requires corrections, if any, be performed and reinspected before moving forward. The transfer is then approved locally and then sent to Tallahassee to be signed and returned, which can take weeks. The funds are then disbursed, and keys delivered to buyer when the permit comes back.
Location
State FL
County Marion
Community Govt Lease Lt Lake Ker
Area 32134 - Fort Mc Coy/Salt Springs
Zoning R1
Interior
Interior Features Ceiling Fans(s)
Heating Central, Electric
Cooling Central Air
Flooring Tile, Vinyl
Fireplace false
Appliance Range, Refrigerator
Laundry None
Exterior
Exterior Feature Other
Utilities Available Electricity Connected, Sewer Connected
View Y/N Yes
Water Access Yes
Water Access Desc Lake
View Trees/Woods, Water
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Cleared, Street Dead-End, Unpaved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Well
Structure Type Concrete
New Construction false
Construction Status Completed
Schools
Elementary Schools Fort Mccoy School (K-8)
Middle Schools Ft Mccoy Middle
High Schools North Marion High School
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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