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Ridge Crest: House and Lot for Sale Right Beside SM Molino

For Sale House And Lot In Cavite

PRICE ₱ 2,596,320

Property Description

 

 

RIDGE CREST: HOUSE & LOT FOR SALE RIGHT BESIDE SM MOLINO

PROJECT OVERVIEW:


Now the dreaming is worth living for less!

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.

LOCATION:


Ridge Crest is located along Daang Hari at Molino, Bacoor, Cavite right beside SM Molino

  • Strategic location near schools, hospitals and churches
  • Only 5 to 10 minutes from Alabang
  • Has access to transport teminals to Dasmariñas, Imus, Bacoor. Lawton, Ortigas and Makati

Ridge Crest

FEATURES & AMENITIES:


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.

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

HOUSEMODEL:


Ridge Crest

Madison Floor Plan

House Features:

  • Single Attached House
  • Lot Area: 80 sqm
  • Usable Floor Area: 110 sqm
  • Price starts at Php. 2,596,320
  • Three (3) Storey
  • Four (4) Bedrooms
  • Three (3) Toilet & Bath
  • Living Area
  • Dining Area
  • Kitchen
  • Multi-Purpose Area
  • Service Area
  • Balcony
  • Carport

House Finish:

  • Painted Exterior/Interior Walls
  • Tiled Toilet & Bath
  • Tiled Kitchen Counter with Stainless Kitchen Sink
  • Powder Coated Cathedral Window
  • Decorative Accent Stones
  • Provision for CATV, Telephone and Air-Conditioning Units

INVESTMENT TERMS


  • BANK FINANCING:
    • 20% Initial Investment payable up to 24 months at 0% interest
    • Turnover on the 16th month (with Bank Loan Guarantee)
    • Bank financing through accredited banks are developer assisted
    • Indicative interest rate shall be used in computing for monthly amortization
  • IN HOUSE FINANCING:
    • 30% Initial Investment payable up to 24 months at 0% interest
    • Turnover on the 16th month
    • Interest Rate is 18% for 5 years
    • Interest Rate is 21% for 10 years
  • Reservation Fee: Php. 30,000
  • Processing Fee: apprx. 8% of Selling Price

SAMPLE COMPUTATION:


DESCRIPTION: BANK FINANCING (20%): IN-HOUSE FINANCING (30%):
SELLING PRICE: Php. 2,404,000
LEGAL AND MISC. FEES: (8%) Php. 192,320 (4.5%) Php. 108,180
TOTAL INVESTMENT VALUE: Php. 2,596,320 Php. 2,512,180
RESERVATION FEE: Php. 30,000
INITIAL INVESTMENT IN 24 MOS.: Php. 20,386 Php. 30,152
MONTHLY AMORTIZATION:
5 years @ 7.88%*: Php. 41,996 @18%: Php. 44,655
10 years @ 7.88%*: Php. 25,069 @21%: Php. 35,158
15 years @ 7.88%*: Php. 19,706
*Fixed Rate for 1 year; yearly repricing after the fixing period.

Important:

  • Fire and MRI insurance are not included.
  • Move-in on the 16th to 18th month or after paying full downpayment (RFO units)
  • Monthly Amortization payments will start on the 25th Month or a month after the last Down Payment.
  • Processing Fees includes Transfer of Title. Transfer of Title cost not included for In-House.
DOCUMENTARY REQUIREMENTS
  • 2 Government Issued ID’s
  • Cedula (Community Tax Cert.) or Passport
  • Tax Identification Number (TIN)
  • Marriage Contract (married); Birth Cert. (single)
  • Annulment/Divorce paper (separated)
  • Postdated Checks (PDCs)

If Applicant Is Locally Employed:

  • Latest Certificate of Employment and Compensation
  • Latest BIR form 2316 or ITR
  • Latest 3 months Payslip

If Applicant Is Self-Employed:

  • Business Registration from DTI or SEC
  • Articles of Incorporated and by-laws (if Corp.)
  • Financial Statements / Latest 2 years ITR
  • Latest 6 months Bank Statements

If Applicant Is Self-Employed:

  • Authenticated Certificate of Employment / Job Contract
  • Latest Inland Revenue ITR (for immigrant)
  • Latest 3 months proof of remittance or latest 3 months payslip

Property Details

₱ 2,596,320
N/A
110 sqm
80
Cavite
House And Lot
4
3
1

Disclaimer: The information found herein are subject to change without prior notice. Interested parties are requested to verify all information relating to the property prior to purchase.


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