Listing Details for MLS #OM705955
13668 Ne 226th Avenue Road, Fort Mc Coy, Fl

Residential Property - Single Family Residence in Fort Mc Coy

Listing Price: $115,000 (Mortgage Calculator →)Days on Market: 16

Description of Property

Escape to the serene beauty of Salt Springs and Lake Kerr. Nature Lovers dream of places like this. Birds abound! Eagles, osprey, owls, turkey, sandhill cranes and blue herons. Discover this charming 2-bedroom, 1-bath single-family home nestled on .60 acres including Lake Kerr access lot in walking distance of the property and lots of trees providing great serenity. This concrete block home features 864 square feet of living space, offering a comfortable layout with a spacious family room including 2 large picture frame windows, and a kitchen with breakfast bar, range and refrigerator. Also comes partially furnished. The property features septic, well, and electric HVAC with a heat pump. There’s plenty of space to expand or personalize the lot’s .60 acres with no HOA restrictions and no annual association fees. **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.The average asking price for a 2 bedroom/1 bath single family residence in this Zip code is $156,557. This single family residence is listed at about 73% of the average asking price. There are 5 2 bedroom/1 bath homes between $100,000 and $200,000 currently listed for sale in this Zip code. See other listings like this one »