10851 SE 190th COURT, Ocklawaha, FL, 32179 | $150,000

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!

Features

  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: 150 x 200
  • Laundry: Outside
  • Year Built: 1957
  • Heating: Other
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 916
  • Acreage: 0.69
  • Lot Size: 150 x 200
  • Est. Taxes: $0
  • View: Water
  • Appliances: Dryer, Freezer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • MLS#: OM674302
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/OM674302/10851se190thcourt_ocklawaha_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/23/2024 12:57:23 AM)
Listing courtesy of SUN REALTY & ASSOC   Phone: 352-625-2001

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NMLS Mortgage Loan Originator ID 16953

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10851 SE 190th COURT, Ocklawaha, FL, 32179

$150,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $120,000 $120,000 $120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $808 $798 $1,012
Total Monthly Payment $883 $873 $1,087

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.