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PHP 5,000,000

681 Geronimo St., Sampaloc, Manila 9-Door Apartment for Sale


  • This property has been sold
  • Transaction Type: SOLD
  • Property Address: 681 Geronimo St., Sampaloc, Manila
  • Number of Units: 9
  • Floor Area: 550
  • Lot Area: 265
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Property Description

REAL ESTATE OVERVIEW
(This is a Direct to Owner Listing Property)
Address/Location: 681 Geronimo St., Sampaloc, Manila City (view map below)

Nearby Establishment/Landmarks: near Fajardo St & Lacson Ave approx. 50 meters & UST approx. 100-150 meters,

Subdivision/Village Name: N/A

Property Type:  3-storey single house/apartment

Asking Price: P 5,000,000

Lot Area: 265 sqm

Floor Area: approx. 600-700 sqm up & down

PRICING INFORMATION

PhP 5,000,000.00 or P18,867.92

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

Abandoned originally 9-doors apartment, first 5 doors along Geronimo St & 2nd 4 doors at the back entrance along Don Quijote st (alley road)

The first 5 doors infront is already converted to a warehouse of a softdrinks dealer

It needs major renovations but the structure is still intact made of concrete

If you renovate the property your projected average income per month P60,000-80,000/month

Separate Electric Meters & Water meters

Property was loan before to a rural bank in bulacan and was paid already, owner already has already cancelled the mortgage at the back of the title

REASON FOR SELLING:

Unit owner cannot maintain this property because they already living in Pandi, Bulacan

AREA DETAILS

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

No flood if its ordinary downpour of rains, if its heavy rains like ondoy flood is 2 feet, but easily subside in 30 minutes or less

Almost infront of Ospital ng Sampaloc

Populated area there is a few squatters at the other side of the street but not visible along the street where the property is located

Few meters to Jeepneys bound to University Belt schools & Quiapo

PROPERTY DETAILS

Year Built: 1970’s

Renovated: N/A

Status: Door # 3Currently Tenanted by the caretaker

Building Structure

Height 3 floors

Construction: All Concrete on Ground level, 2nd & 3rd level

Parking

Carport (Open) – 1

Rooms

No. of Bedrooms: 6

No. of Bathrooms: 3 (Toilet + Bath)

Servants Quarters: None

Sala

Kitchen

Laundry area

Amenities

No Amenities

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;

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

Latest Certified True copy of title from Registered of Deeds

Latest Real property tax receipt

Latest Tax clearance

Tax declarations for Land and Building

Certification of non improvements if the property is only LOT

Vicinity or lot plan

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




  


PROPERTY SUMMARY

This real estate property located at 681 Geronimo St., Sampaloc, Manila is SOLD and was listed on ApartmentForSalePhilippines.com on October 2, 2011 for PHP 5,000,000.

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.

One Response to “681 Geronimo St., Sampaloc, Manila 9-Door Apartment for Sale”

  1. frank on @

    how much is it earning as is?

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