Featured Listing – New Apartment with a Visa Application
Here is the opportunity to get a new apartment with a visa application. The purchase price of this featured listing qualifies the buyer to apply for a 5 year Resident Visa. This project is well located in Laureles, Medellin. It is walking distance to the parks, churchs, banks, grocery stores, restaurants and commercial zones. I have negotiated a commission of 3%. There is only 1 apartment per floor. Each apartment is 125 m2 and has 3 bedrooms and 3 bathrooms, except the 2nd floor which has 4 bedrooms and 3 bathrooms. The second floor has a terrace of approximately 120 m2 and the 10th floor penthouse has full rooftop terrace of approximately 120 m2. These two apartments are more expensive because of their area.
The 3rd to 10th floor apartments have a study as well as the 3 bedrooms. Each Master Bath has a Jacuzzi, with steam bath and multi head shower (juego de chorros).
The building will not have a doorman but instead will have a video porteria with closed circuit TV in each apartment. The kitchen is open and modern. The project will be completed in January or February so there are no projected taxes or HOA but the HOA should be low as there will be no porteros. The payment plan is reasonable flexible. The owner would like an initial deposit and monthly payments but as this is a private project and he understands that foreigners may not be willing to take the risk, he will accept an initial deposit and payment on receipt of the apartment (at least at the time of this article).
The price for the 3 bedroom apartments, including storage room and one parking space (without the terrace) is 428.000.000 p (plus associated notary costs which are approximately 5.200.000 p). This includes all legal costs, title search, promesa, escritura, etc. It also includes the cost of the application for a 5 year Resident Visa and the registration of a Cedula once the visa is received. The price of a regular apartment qualifies the purchaser for the Resident Visa.
The 2nd floor apt. with terrace is priced at 538.000.000 (plus notary costs of approximately 6.400.000 p) and the penthouse is priced at 548.000.000 (plus notary costs of approximately 6.500.000 p) . These too include all legal costs for the purchase and the visa/cedula applications. All legal work will be done by Steckenreiter Serna and Associates which is a separate legal entity and has no affiliation with the builder.
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