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Sosua Center - attractive new condos starting at 77,400 USD financing - no qualifying! Price: US $ 73,700 Location: Sosua Status: Active Contact Agent Previous    Play Pause    Next Bedrooms: 1 Bathrooms: 1.5 : : Living area (m2): 55 Living area (sq feet): 592 : Floors: 3 Year Built: 2009 Distance to beach (miles) : 0.3 Monthly maintenance fee: US $ 180 Distance to airport (miles) : 5 Distance to supermarket (miles): 0.3 Noise Level 1=very quiet: 2 Home Features Air Condition Cable/Satellite TV Close to the Beach Gated Community Internet available Laundry Room Owner Financing available Pool Project Generator Security Telephone Line available Description: Sosua Center : NEW CONDOMINIUM IN THE HEART OF SOSUA Walk to everthing - Owner Financing - no qualifying! 25,000 Down at 7 % per year! First phase of 48 apartments In the middle of Sosua Center the doors will be opening to a beautiful and unique condominiums you will find on the North Coast of the Dominican Republic. Walking distance to beaches, supermarkets, banks, restaurants, etc. This first phase of 43 one bedroom, 3 two bedroom units and 2 penthouses will be completed and ready to move into in August 2009. A 25,000 USD deposit ensures you the first and best picks. The developer pays 6% interest on that deposit until the title is issued in the buyers name. The condo offers a games room with pool table, air hockey, several domino tables, card tables and bingo! The restaurant area with outdoor BBQ and full kitchen facilities completes the vast selection of all amenities you can wish for. Whats included with the units: Stove and extractor hood 50 gallon propane tank Refridgerator A/C in the bedrooms Mirrored Closets doors Ceiling Fans Window Moscito Screens Security pins in the sliding doors Shower curtain rods 2 balcony chairs and a small table WHATS OT INCLUDED Furniture Curtains, Curtains rods and Valences Contact Agent Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend More Description: Prices : 1 beds, 1,5 bathrooms starting at 77,400 USD ( 55 m2; 592 sq. feet ) 43 units , 25 sold 6 reserved 2 beds, 1 bath starting at 112,000 USD to 113,200 ( 72 m2; 775 sq. feet ) only 3 units 1 sold Penthouse US$171,000. 84m2 / 904 SqFt ....only 1 unit Penthouse US$184,000. 99m2 / 1065 SqFt ....only 1 unit FINANCING AVAILABLE US$25,000 DOWN - 5 YEARS AT 7% PER YEAR If Financed the Balance due on closing will be financed over 5 years at 7%pa. Eg: Purchase a pre-completion one bedroom at $77,400. and make $25,000. deposit. On receipt of title the balance of $52,400. will be paid (or financed over 5 years at 7% which equals payments of US$1037.58) Swimming Pool Gated Residential Community On site Laundry On Site Management Generator Partly Furnished Top Grade Stove and Fridge Microwave Oven Imported Porcelain Floor Tiles Granite Counter Tops American hot water heater Air Conditioning in bedroom All terraces overlook the pool Parking Phone / Internet Pre-completion Sale (some Financing available) Units are over 90% finished Located in the heart of Sosua with a very large pool, 24 hour electric, on site laundromat, cable TV, parking and full administration. Walking distance to 2 beaches, a large variety of restaurants, bars, shops, night life etc. Only 20 minutes from the Puerto Plata airport. The Garden Condos are being totally rebuilt and updated by an American contractor and are over 90% complete. You can take a tour through and choose your favorite. Units will be equipped with good grade stove, exhaust hood, refrigerator, ceramic floor tiles, granite counter tops, bedrooms with A/C units & His & Her Closets with Sliding Mirrored glass doors & window & sliding door screens. Units are not furnished. Most Terrace/balconies overlook the huge pool....and financing available...no qualifying. (also incl. are ceiling fans & propane gas tank for the stove.) ONE & TWO BEDROOM UNITS -first 38 Units coming available NOW. 10 more soon ** Large discount for Cash Sale on all units until July 2010)** Monthly Maintenance Fees: 1B/1b US$180.00 : 2b/1b US$210.00 **All one bedroom units can be financed... see below. (2 bedroom units will not be financed) These Pre-completion units will be sold with $20,000. down Balance payable on receipt of Title. Prices: 1B/1.5B....US$73,700. to US$75,900. 55m2 / 592 SqFt ..only 43 units 18 sold, 6 reserved 2B/1B.....US$106,700. to US$108,900. 72m2 / 775 SqFt .....only 3 units 1 sold Penthouse US$163,000. 84m2 / 904 SqFt .....only 1 unit 1 sold (This PH Sold Furnished) Penthouse US$175,000. 99m2 / 1065 SqFt ....only 1 unit If Financed the Balance due on closing will be financed over 5 years at 7%pa. Purchase a pre-completion one bedroom at $73,700. and make $20,000USD deposit. On receipt of title the balance of $53,700. will be paid (or financed over 5 years at 7% which equals payments of US$1,063.32) Listed by: Default Admin This listing has been viewed 1949 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