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PHP 5,500,000

1628 Don Quijote Extension, Sampaloc Manila 8-Door Apartment for Sale


  • Transaction Type: For Sale
  • Property Address: 1628 Don Quijote Extension, Sampaloc Manila
  • Number of Units: 8
  • Floor Area: 480
  • Lot Area: 180

Property Description

REAL ESTATE OVERVIEW (This is a Direct to Owner Listing Property) NO BROKERS OR AGENTS PLEASE!

  • Address/Location: 1628Don Quijote Street Extn. near corner Fajardo Street Sampaloc City of Manila (view map below)  

  • Nearby Establishment/Landmarks: near UST Hospital & School approx. 100-150 meters & near Lacson Ave approx. 50 meters

  • Subdivision/Village Name: N/A

  • Property Type: 3-storeyOldAparment, 4 unit 1BR and 4 unit 2BR 2-storey aparment

  • Asking Price: P 5,500,000.00

  • Lot Area: 180 sq.m or 6,555 sq.ft

  • Floor Area: approx. 480 sq.m or 2,152 sq.ft

PRICING INFORMATION

  • PhP 5,500,000.00  

  • Terms: Cash or Bank Financing only (if Bank Financing buyer pays for the appraisal fee)

OTHER FEES:

  • Documentary Stamp: 1.5% of the Selling Price

  • Registration Fee: 0.75% of the Selling Price

  • Transfer Tax: 0.5% of the Selling Price

PROPERTY DESCRIPTION

  • Income earning property

  • 3-storey 15 year Old apartment

  • 4 door 1 bedroom

  • 4 door 2-storey 2 BEDROOM apartment

  • Located in a extension street

  • No parking for cars

  • Monthly Earning Income P58,000-60,000/month

REASON FOR SELLING:

  • Unit owner already living in UK and will be staying for good

AREA DETAILS

  • This property is in a open community with 24 hour transportation.

  • Absolutely No flood along the Street

  • Semi commercial area can put up a dormitory

  • No Squatters

  • Few steps to Jeepneys bound to Lealtad-Sampaloc, Quiapo-University Belt & Lacson-Tondo

PROPERTY DETAILS

  • Year Built: 1975

  • Renovated: 2005

  • Status: Currently Tenanted All doors

  • No cars can enter the street because its a very narrow only passable to motorcyle. No parking here, this property is very ideal only for your income earning, you can maintain the whole property or renovate it. All doors are fully occupied.

Building Structure

  • 3-storey type

  • Construction: Concrete & Woods

Parking

  • Carport (Covered) – N/A

Rooms

  • No. of Bedrooms: 8

  • No. of Bathrooms: 8 (Toilet + Bath)

  • Servants Quarters: N/A

  • Sala: 8

  • Kitchen: 8

Amenities

  • No Amenities


Website link for more info of the property
http://resalepropertiesph.weebly.com/don-quijote-st-sampaloc-manila–p65m.html

TERMS AND CONDITIONS:
CASH BUYERS:

  • Buyer pays for the earnest money or deposit at least P100,000.00 either in cash, dated check or managers check (payable to seller or owner)  to hold the property and for the owner not to accept other interested buyer/s. DEPOSITS OR EARNEST MONEY NOT REFUNDABLE!

  • Remaining balance payable in minimum of 7 working days and maximum of 15 working days

  • Sellers pays for the Capital Gains Tax to BIR office and brokers fee

  • Buyer pays for the Doc stamps (1.5%), Registration fee (0.75%) & Transfer tax (0.5%) of the agreed selling price

FINANCING BUYERS:

  • Buyer pays for the earnest money or deposit at least P100,000.00 either in cash, dated check or managers check (payable to seller or owner) to hold the property and for the owner not to accept other interested buyer/s.

  • The deposit or earnest money is NOT REFUNDABLE EVEN IF THE BUYER IS NOT APPROVE BY THE BANK! Why? because the it will take 5-8 working days before the bank comes out with the loan report and if the buyer was not approve within that period of time a owner or seller is loosing a supposedly a “potential buyer/s”

  • Buyer chooses his/her preferred bank, we can also suggest a bank as other options

  • Buyer pays for the appraisal fee around P3,000-4,000

  • Bank will appraise first the property and will come out with the appraisal report, what ever the appraisal amount of the bank will be the final

  • Appraisal Price of the bank is not guaranteed as the price above, it can be the same selling price or lower or higher than the price

  • Buyer puts up a cash out of 20%-30% (20% equity is not a guarantee but we will try with the bank, 30% is the usual required equity)

Buyer Requirements for Housing loan:click here

DOCUMENTS AND REQUIREMENTS NEEDED:
(Broker or agent normally prepares for all the documents of the both party, the seller and buyer)

  • Before proceeding with the legal documents the seller and brokers must have the necessary requirements below;

  1. Original Copy of Title (TCT or CCT for condominiums) if the title was mortgaged before an original copy of cancellation of mortgages

  2. Latest Certified True copy of title from Registered of Deeds

  3. Latest Real property tax receipt

  4. Latest Tax clearance

  5. Tax declarations for Land and Building

  6. Certification of non improvements if the property is only LOT

  7. Vicinity or lot plan

  8. Photo copy of valid ID’s of the seller/s and broker or agent

  • Deed of Conditional Sale (DOCS) contract, if the buyer is already paying the earnest money or deposit to the owner/seller

  • Deed of Absolute Sale (DOAS) contract, if the buyer is already paying the full amount of the property

CONTACT PERSON:
Name: Richard G.
Email Address: resaleph@gmail.com
Mobile No/s: 0917-5557427 Globe
Landline No./s: (02)512-1746




  


PROPERTY SUMMARY

This real estate property located at 1628 Don Quijote Extension, Sampaloc Manila is For Sale and was listed on ApartmentForSalePhilippines.com on October 2, 2011 for PHP 5,500,000.

LISTING DISCLAIMER

NOTE: All information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective real estate properties consumers may be interested in purchasing. The information on each property listing are deemed reliable but not guaranteed and are subject to change, therefore; should be verified by the purchaser. ApartmentForSalePhilippines.com assumes no responsibility for typographical errors, misprints or misinformation.

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