Affordable 5 bedroom house beside SM mall for only P2.16M

Affordable 5 bedroom house beside SM mall for only P2.16M from dreamhousephil

By: dreamhousephil  12/10/2009
Keywords: houses for sale, Multi Purpose Hall, 24 security service

Ridge Crest is a prime residential subdivision located right beside SM Molino in Bacoor, Cavite, that offers American-inspired homes and promises a haven for homeowners through its recreational amenities where residents can rest, relax and revitalize after a long day’s work.

The house model is an 80-square meter unit on a 110-square meter lot, with four bedrooms, three toilets and bath, a living and dining area, a kitchen, a multi-purpose area, a service area, a balcony and a carport .

From an initial area of about six hectares comprised of around 387 housing units, the project is now being expanded in response to the increased market demand for its product offering which is priced at less then two million pesos.

Given the project’s design, location, facilities, land development, and elegant housing units, Ridge Crest can rightfully claim to being a place where homeowners can elevate their quality of life and live the lifestyle they have always dreamed of.




Lot Area:  80 sq. m.
Floor Area: 110 sq. m.

HOUSE FEATURES:

5 bedrooms
three toilets and bath
living and dining area
kitchen
multi-purpose area
service area
balcony and a carport

Amenities and Facilities:

Clubhouse
Swimming Pool
Multi-Purpose Court
Park/Children’s Playground
Jogging Path
Elevated Water Tank
24-Hour Security    


Sample Computations for Ridge Crest
The Madison House Model

In-House Financing Scheme
(Inner Lot)
PRICE STARTS AT PHP 2,380,000.00 AND UP

Typical Selling Price             Php 2,160,000.00
Legal and Miscellaneous Fee     Php 97,200.00
Total Contract Price             Php 2,257,200.00
 
Loanable Amount     Php 1,728,000.00
DP/Equity Payment     Php 529,200.00
Less:Reservation Fee     Php 30,000.00
Net Equity             Php 499,200.00

Monthly Equity Payment
Payablle within (12 months)with 0%     Php 33,280.67

Monthly Amortization
(Exluding MRI/Fire)
6 years to pay with 18% interest     Php 39,411.86
10 years to pay with 21% interest     Php 34,548.19

_________________________________________________________________
Cash Payment Scheme
Inner Lot
legal and miscellaneous fees and reservation fee
not included in the computation of the discount.
PRICE STARTS AT PHP 2,160,000.00 AND UP
Typical Selling Price                    Php 2,160,000.00
Less: Reservation Fee                    Php 30,000.00
Selling Price Net of Reservation Fee   Php 2,130,000.00

10% Discount within 7 days from the date of reservation     Php 1,917,000.00
9.5% Discount within 8 to 30 days from the date of reservation     Php 1,927,650.00
9% Discount within 31 to 60 days from the date of reservation     Php 1,938,300.00
8.5% Discount within 61 to 90 days from the date of reservation     Php 1,948,950.00

_________________________________________________________________
Banking Financing Scheme
Inner lot
PRICE STARTS AT PHP Php 2,160,000.00 AND UP

Typical Selling Price     Php 2,160,000.00
Legal and Miscellaneous Fee     Php 172,800.00
Total Contract Price     Php 2,332,800.00
 
Loanable Amount     Php 1,728,000.00
DP/Equity Payment     Php 604,800.00
Less:Reservation Fee     Php 30,000.00
Net Equity             Php 574,800.00

Monthly Equity Payment
Payablle within (12 months)with 0%     Php 38,320.00

Monthly Amortization

Bank computation is base in your bank of choice and subject to the bank's requirements.
Bank prevailing at the point of take out shall apply
Indicative interest rate shall be used in computing for monthly amortization
5 years to pay with 10.5% interest     Php 37,141.46
10 years to pay with 10.5% interest     Php 23,316.77
15 years to pay with 10.5% interest     Php 19,101.29
20 years to pay with 10,5% interest     Php 17,252.00
25 years to pay with 10,5% interest     Php 16,315.46

Selling is good..but helping clients find their dreamhouse is an accomplishment..

YM id: [email protected]
Website: http://www.dreamhousephil.com/
Cell no: 0912 952 8282
 

Keywords: 24 security service, Brand new House, Good place to start, Good priced house for sale, houses for sale, Multi Purpose Hall, Near churches, Near Malls, Near wet markets, Nice and Beautiful, swimmingpool amenities, very Affordale, Very near,