$110,000
$114,900
4.3%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
735 SqFt
SOLD DATE : 11/27/2023
Key Details
Sold Price $110,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 735 sqft
Price per Sqft $149
Subdivision Govt Lease Lt Round Lake
MLS Listing ID OM657107
Sold Date 11/27/23
Bedrooms 1
Full Baths 1
HOA Y/N No
Originating Board Stellar MLS
Year Built 1967
Annual Tax Amount $92
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions 175x200
Property Description
This Lakefront Oasis from that mad world out there is where you, your friends and family will make memories to last lifetimes and generations!! Nestled in the Ocala National Forest located 20 minutes east of Silver Springs, Fl on Tomahawk Lake with morning views of sunrises that rival the best in the world! Nature Lovers dream of places like this. Hiking in any direction from your front door may surprise you with an animal encounter that will delight you. Birds abound! Eagles, osprey, owls, turkey, sandhill cranes and blue herons. Critters abound! Deer, Bear, Foxes, Bobcats, Racoons top the list of many more animals to be seen and enjoyed. Swim and fish Tomahawk Lake, no water skiing though, the Forestry Service limits boats to under 10HP! Enough of one of the most beautiful and desirable locations in Central Florida, let’s get to the Cabin! Check out the photos, cute cute cute! Its little, almost 800 sq ft with Hardwood and Pecky Cypress everywhere. Windows all around optimizes outdoor views from almost every room in the house. That’s why you came out here, right? Windows, Windows and more Windows. About US Forest Service Leases – The land is leased from US Forestry Service via a special use permit. Full time residency is not allowed. Buyer is responsible for annual property taxes and the annual Forestry lease fee. The Taxes and Forest fees for 2022 equaled $1873 total. The way this works is the cottage, and any personal property is purchased 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)- $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 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 Round Lake
Zoning R1
Interior
Interior Features Other
Heating Electric
Cooling Mini-Split Unit(s)
Flooring Wood
Fireplace false
Appliance Range, Refrigerator
Exterior
Exterior Feature Other
Utilities Available Other
Waterfront true
Waterfront Description Lake
View Y/N 1
Water Access 1
Water Access Desc Lake
Roof Type Metal
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Crawlspace
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Well
Structure Type Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with FONTANA REALTY EAST OCALA
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