70% massive price reduction on new Disney vacation homes
REF TPS1 - 70% massive price reduction,
- Disney vacation Townhomes.Bank foreclosure bargains, never been lived in.
- Prices$89,900/£58,000/€69,183 plus $1,200 closing costs
- Sold for $275,000 to $345,000 between 2007 and 2008 Unbelievable price
- Ideal holiday home2.5 miles to Disney& 15 miles to Orlando international Airport
- Beautiful semi rural location but close to everything.
- 3 bedroom, 3 bathrooms, Balcony, sun terrace with splash pool
- Low HOA fees & taxes, nice setting with views.
Price:$89,900/£58,000/€69,183
Original prices; $275,000 to $345,000 between 2007 and 2008
Closing costs : $1,200
Sale type : Bank foreclosure
Holding deposit required: $2,000 + proof of funds
Annual property taxes: $1,115-47
Community fees: $175-00 monthly.
Key points:
- Price: $94,900/£61,225/€73,000.
- Original prices $275,000 to $345,000 between 2007 and 2008
- Can be bought for 30% of their original price
- Three bed & three bath, splash pool, balcony.
- 12 houses available, allocated parking.
- 2,085 to 2,324 total Sq ft built 2007
- Zoned for long & short-term rentals.
- Approximately 8%-10% net return with long-term tenant
- 2.5 miles to Disney in beautiful setting.
- Use as holiday home & investment
- Can be fully furnished for $8,000 this includes everything needed including setting up the televisions so all you would have to do is start living there Full management & purchase service provided
- Management: We will provide full or partial management and tenants if required for this property on request.
Our comments; This is an unbelievable opportunity to buy a beautiful home and investment property at a fraction of their original cost, although built in 2007 they have never been lived in so you are buying a new home. These homes are situated in an attractive location surrounded by lots of greenery but in turn very close to all local amenities, theme parks and numerous golf courses, the developer has said that when all the houses are sold they intend to build a Club House but this will be in a predicted two years time. Rented to a long-term tenant you can expect a 8% - 10% return after running costs there are 12 houses available and we are currently negotiating with the bank for a release of a further 13.
Finance: These properties are cash sales but the next phase will be started shortly with prices between $125,000 - $145,000 and these will be coming with a finance option subject to status with a 30% down payment with a mortgage over thirty years at a predicted interest rate of 6%.
Location: Situated about 2.5 miles to the west of Disneyworld also close to Epcot center, Universal Studios the property is situated near the main highways that gives easy access to all locations. Management; Full management service provided with this property upon request.
Property Room sizes in feet; ( FOR SMALLER INTERNAL UNIT) Living room: 17 x13 ft Bedroom 2: 13' X 10 ft Terrace 17 x 10 ft Lanai 144 sq ft Bedroom 3: 11 X 10 ft 1st fl Balcony of master bed 17 x 8 ft Kitchen: 13 x 11 ft Pool area 270 sq ft Total Built size: 2,085 sq ft Master Bedroom: 11 X 13 ft Lot size: 1,455 sq ft
Exchange rates; Please note that with the ever changing exchange rates we have used £1=$1.55 & €1= $1.30 for guidance only, as all property prices are set in USD.
Buying Procedure: The buying procedure is very simple, you will be represented by an attorney with many years experience at every stage of your purchase, the deeds will be filed in your name and you will receive a copy by courier. The day you complete on your purchase the property management company will pick up the keys and start looking after your property for you. The whole process is designed to be run from any part of the world and you do not have to travel to the USA to make a purchase, unless you wish to. Contact us today for details how to reserve this property
Property Sourcing Service: Does this property meet your requirements or budget? If not, we invite you to contact us. If you let us know your budget, the location and type of property you are looking for, we will find the exact property to meet your requirements. We provide a complete purchasing service and will introduce the management that will maintain the property and collect the rent on your behalf.