1 Bed
1 Bath
916 SqFt
1 Bed
1 Bath
916 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 916 sqft
Price per Sqft $163
Subdivision Govt Lease Lt Lake Catherine
MLS Listing ID OM674302
Bedrooms 1
Full Baths 1
HOA Y/N No
Originating Board Stellar MLS
Year Built 1957
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 150x200
Property Description
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!
Location
State FL
County Marion
Community Govt Lease Lt Lake Catherine
Zoning R1
Interior
Interior Features Open Floorplan
Heating Other
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Type Wood Burning
Fireplace true
Appliance Dryer, Freezer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Laundry Outside
Exterior
Exterior Feature Outdoor Grill, Storage
Utilities Available Electricity Connected, Sewer Connected
Waterfront true
Waterfront Description Lake
View Y/N Yes
Water Access Yes
Water Access Desc Lake
View Water
Roof Type Metal
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Pillar/Post/Pier
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Well
Structure Type Wood Frame,Wood Siding
New Construction false
Others
Senior Community No
Ownership Leasehold
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
MORTGAGE CALCULATOR
“Let us guide you through the real estate process of your journey from start to finish. Fill out the form to have an experienced broker contact you to discuss a no-obligation consultation. ”
