Portofino Heights – Investment Alert PhilHome Philippines Real Estate – CELEBRITY CRISTINE REYES Portofino Heights Vista Alabang House for Sale 40million – House featured on TV and magazines.
SPECIAL NOTE : Portofino Brittany Lot Value is now at P95k/sqm and house Construction rate is now at minimum 35k/sqm .
|LOT AREA (SQM) :||554|
|LOT VALUE (95K/SQM) :||₱52,630,000.00|
|FLOOR AREA :||370|
|CONSTRUCTION COST (35K/SQM) :||₱12,950,000.00|
|OTHERS: Landscaping,Perimeter walls , Garage Gate,aircons & other interior upgrade||₱1,500,000.00|
|TOTAL MARKET VALUE :||₱67,080,000.00|
|SELLING PRICE :||₱40,000,000.00|
|TOTAL SAVINGS :||₱27,080,000.00|
Portofino Heights – Investment Alert PhilHome Philippines Real Estate
PhilHome has investigated this property and has made an evaluation that this is an incredible investment opportunity. As you can see by the graph above, this property to purchase the lot and to build the house would cost approximately 67,000,000 Million. The selling price is PHP40,000,000 Million. Upon purchase, the buyer walks into a Php27,000,000 equity meaning a buyer could turn around and sell the property for PHP67,000,000 million.
Why is this property discounted?
This Portofino Heights Property is discounted because it had a water leak in the bathroom on the second floor. This leak caused all the synthetic flooring on the second floor to buckle. The whole second floor will need a complete tile job. Some of the ceilings on the ground floor will need to be replaced. Also, when the celebrity moved out, she took all the aircon units. The seller does not want to do the repairs but rather include the repairs in the cost of purchasing this house. Thus, the major discount because renovation could take 2-3 months.
The Good News to Investors:
The purchase price includes full renovation of of the leak damage with choice of tile (some restrictions apply) by the buyer. It also includes installing brand new inverter split type aircons in all the locations where the ac units have been removed. The buyer will walk into a newly renovated house with brand new aircons and a humongous walk in equity of Php27,000,000 Million. This is a super deal! All renovations are FREE to the buyer! The 40M selling price covers all renovation.
Why invest in Portofino Villages?
Value of properties in Portofino will double in a few years due to the upcoming Vista land development of University Town (UP ALABANG) , Hospital hubs , Business IT HUB , River walk with boutique hotels and more developments of Vista malls . Click here for Reasons why Portofino properties are great investment —— why invest in Portofino properties
See this listing in PhilHome where you can see the walk through video of this Portofino Heights Village Investment. Portifino Heights Village Investment Alert
- VIDEO HOUSE TOUR :
- DETAILS & PICTURES :
- CATEGORY: 2 STOREY HOUSE AND LOT W/ ATTIC
- VILLAGE NAME: PORTOFINO HEIGHTS SUBDIVISION VISTA ALABANG
- SELLING PRICE: ₱40,000,000.00 (40M)
- LOT AREA: 554 SQM
- FLOOR AREA: 370 SQM
- NO. OF BEDROOMS: 3
- NO. OF BATHROOMS: 3
- NO. OF CAR GARAGE: 8
- MAID’S ROOM: YES
- DRIVER’S ROOM: YES
- YEAR BUILT: 2012
- CONDITION: PRE-OWNED
Special NOTE : PRICE INCLUDES DAMAGE RENOVATION COST AND NEW AIRCONS
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