Apartment for sale in Colinas del Arroyo II, Santo Domingo Norte, Santo Domingo

Apartment from 5,450,000 Jacobo Majluta

≈ US$ 87,134(RD$ 5,350,000)

Overview

Apartment for sale in Colinas del Arroyo II, Santo Domingo Norte, Santo Domingo. Price: RD$ 5,350,000. Includes water cistern.

Features

Water cistern

Full listing description

Residencial NAE-II is structured as a low-cost housing trust (Fideicomiso de vivienda de bajo costo). It will consist of a total of 32 apartment units across 4 levels, with 2 apartments per level, for a total of 8 apartments per building. It will be built in 2 stages. Delivery projection: Once the start of construction is notified, the estimated delivery dates would be: 1st Stage (Buildings B and C) October 2026, and 2nd Stage (Buildings A and D) April 2027. Apartment layout: 3 bedrooms 2 bathrooms Combined living and dining room 1 kitchen 1 laundry area 1 parking space, plus 2 parking spaces for the 4th-level units in Buildings A, C and D. Porcelain tile floors or similar Melamine door or similar Melamine kitchen cabinets or similar Air conditioning pre-installation Sliding windows General water cistern General electric entrance gate Guardhouse for general security personnel Entire project built in block masonry PAYMENT TERMS: - Reservation deposit: RD$ 100,000.00 (minimum amount). - Down payment: 25% to 30% of the property's sale price. The percentage will depend on the buyer's bank pre-qualification. - Deadline to complete the down payment: Must be paid in monthly installments until the projected delivery date of the property (amounts and exact deadline will be determined when the Purchase Option Contract is signed). - May qualify for the First-Home Bonus: If eligible, the bonus will only be applied to the financing amount obtained from the bank, or refunded after the full purchase balance is paid if no financing is used. FIRST-HOME BONUS: Requirements to qualify for the bonus: 1) The applicant must be Dominican or, if foreign, be married to a Dominican citizen. It must be the first home the applicant will acquire. 3) Bonus amount: To be determined. 4) Properties exceeding the low-cost housing value limit will not qualify for the bonus.