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Sosua - FIRESALE - Older Oceanview House with 4 Bedrooms on 1,300 m2, 0,32 acre lot Price: US $ 99,000 Location: Sosua Status: Active Contact Agent Previous    Play Pause    Next Bedrooms: 4 Bathrooms: 2 : Lot size (m2): 1,200 Lot size (sq feet): 12,917 Lot size (acre): 0.3 : Living area (m2): 350 Living area (sq feet): 3,767 : Floors: 1 Distance to beach (miles) : 0.4 Monthly maintenance fee: Call For Price Distance to airport (miles) : 6 Distance to supermarket (miles): 0.4 Noise Level 1=very quiet: 1 Home Features Cable/Satellite TV Closed Parking Internet available Laundry Room Maid´s Quarter Ocean View Owner Financing available Private Generator Telephone Line available Description: Sosua : exclusive Listing by dominican-estate REDUCED FROM 230,000 USD to 99,000 USD FIX PRICE! This is a firesale! Please no offers! This is a fixed price! Huge OceanView Terrace. Older Oceanview house with 4 bedrooms, 2 bathrooms and a maid quarter on a huge plot ( from road to road ) in excellent location. Need some renovation, the property comes with a lot of potential and a huge terrase. You can add a second floor or a BBQ entertainment terrasse on the rooftop. Price for lot only is calculated by 78,540 USD! ( 60 USD / m2 ) House is unfurnished but livable. Needs some painting, new doors, new AC´s, new bathroom fixings, kitchen renovation. If you like we can assist you with our ideas to convert this home in a modern design villa. Costs are calculated by 35,000 USD including furniture. Villa Value after renovation and furnishing 350,000 USD! huge Living room. Clear title with legal survey ( deslinde ). We can do the fixer upper job at a fixed price for you! c.vogt@dominican-estate.com 809 571 4755 809 377 0886 Contact Agent Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend More Description: Living Area: 350m2 / 3,767 sq. feet Lot Size: 1,309/ 12,917 sq. feet 0,32 acre There is room for to add a pool. Sold unfurnished and in "as in condition". Telephone and high speed Internet are available here. 10 minutes to the airport, 25 minutes to Puerto Plata and 18 minutes to Cabarete. Listed by: Default Admin Homepage: http://www.dominican-properties.com This listing has been viewed 3145 times.

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Dominican real estate or immovable dominican properties is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real dominican property (also sometimes called realty), in contrast with personal dominican property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. dominican republic real estate

In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes. dominican property