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Somerset at Lancaster Estates

For Sale House And Lot In Cavite

PRICE ₱ 1,667,520

Property Description

 

 

SOMERSET: QUALITY & AFFORDABLE HOUSE & LOT PROPERTIES FOR SALE IN ALAPAN, IMUS & GENERAL TRIAS, CAVITE

PROJECT OVERVIEW:


Living in a home that symbolizes dreams do come true.

Somerset at Lancaster Estates boasts of its special feature – the linear park – a vast open space specifically designed for residents to enjoy the comforts of a park right next to or behind their homes. At a linear park, there are more reasons to enjoy the outdoors. There’s abundant natural light, good ventilation, not to mention, the proximity to home that makes it a safer playground for kids and the young at heart.

This linear park concept brings back those days when children could romp around freely at a safe distance, without the parents worrying where they are. Here is where you can stroll with your spouse and kids, or teach them games from the good old days when all you needed was time, a playmate and space. Foster friendships with your neighbors as you fancy an outdoor barbecue. Or, simply relax and enjoy the breeze in that park you can call your own.

Somerset is one of the newest enclave within Lancaster Estates strategically accessible CAVITEX and ongoing construction Daang-Hari Extension making access more convenient from other parts of Metropolitan Manila and Laguna.

LOCATION:


Somerset at Lancaster Estates is located at Imus, Gen. Trias and Kawit in Cavite .

  • From Lancaster, most access travel time 30 minutes going to Buendia Roxas Bouevard via CAVITEX Coastal Road thru public utility bus from the point of terminal in Lancaster Estates.

Somerset at Lancaster Estates

FEATURES & AMENITIES:


Amenities such as a secured entrance gate, a swimming pool, basketball court, Country Club and a village chapel will make life more convenient and enjoyable.

  • Entrance Gate
  • Country Club
  • Swimming Pool
  • Basketball court
  • Chapel
  • Landscaped parks and playgrounds
  • Landscaped open spaces
  • Centralized Water system
  • Concrete roads

HOUSE MODELS:


Somerset at Lancaster Estates

Sophie House Floor Plan


House Features:

  • Floor Area: 52 sq. m.
  • Lot Area: 80 sq. m. — 185 sq. m.
  • Two (2) Storey Single Attached
  • Price ranges from Php. 1,544,000 — Php. 2,576,000
  • Three (3) Bedrooms with Partition
  • Two (2) Toilet and Bath
  • Dining Area
  • Kitchen
  • Provision for Lanai
  • Provision for One (1) Car Garage

House Finish:

  • Pre-Painted G.I. Sheets
  • Steel Casement Windows
  • Painted plain cement finish for Exterior & Interior Walls
  • Water Closet
  • Tiled Kitchen Counter with stainless kitchen sink
  • Tiled Toilet and Bath with complete set of bathroom fixtures (inc. tissue & soap holder)
  • Plain cement finish flooring for ground and second floor
  • Provision for CATV, telephone, A/C outlet

Somerset at Lancaster Estates

Colleen House Floor Plan


House Features:

  • Floor Area: 60 sq. m.
  • Lot Area: 80 sq. m. — 172 sq. m.
  • Two (2) Storey Single Attached
  • Price ranges from Php. 1,700,000 — Php. 2,925,000
  • Three (3) Bedrooms with Partition
  • Two (2) Toilet and Bath
  • Living Area
  • Dining Area
  • Kitchen
  • Provision for Lanai
  • Provision for Two (2) Car Garage

House Finish:

  • Tiled Toilet & Bath
  • Tiled Kitchen Counter with stainless kitchen sink
  • Interior and exterior wall paint finish
  • Steel casement windows

Somerset at Lancaster Estates

Margaret House Floor Plan


House Features:

  • Floor Area: 80 sq. m.
  • Lot Area: 100 sq. m. — 244 sq. m.
  • Price ranges from Php. 1,920,000 — Php. 3,561,000
  • Two (2) Storey Single Attached
  • Three (3) Bedrooms with Partition
  • Two (2) Toilet and Bath
  • Living Area
  • Dining Area
  • Kitchen
  • Provision for Lanai
  • Provision for One (1) Car Garage

House Finish:

  • Pre-Painted G.I. Sheets
  • Steel Casement Windows
  • Painted plain cement finish for Exterior & Interior Walls
  • Tiled Kitchen Counter with stainless kitchen sink
  • Tiled Toilet and Bath with complete set of bathroom fixtures (inc. tissue & soap holder)
  • Plain cement finish flooring for ground and second floor
  • Provision for CATV, telephone, A/C outlet

Somerset at Lancaster Estates

Haven House Floor Plan


House Features:

  • Floor Area: 80 sq. m.
  • Lot Area: 85 sq. m. — 102 sq. m.
  • Price ranges from Php. 2,000,000 — Php. 2,133,000
  • Two (2) Storey Single Attached
  • Four (4) Bedrooms with Partition
  • Two (2) Toilet and Bath
  • Living Area
  • Dining Area
  • Kitchen
  • Provision for Lanai
  • Provision for Two (2) Car Garage

House Finish:

  • Tiled Toilet & Bath
  • Tiled Kitchen Counter with stainless kitchen sink
  • Interior and exterior wall paint finish
  • Steel casement windows

INVESTMENT TERMS


  • BANK FINANCING:
    • 12.5% Initial Investment payable up to 15 months
    • Reservation Fee: Php. 20,000
    • Processing & Legal Fees: apprx. 8% of Selling Price
  • IN HOUSE FINANCING:
    • 30% Initial Investment payable up to 24 months at 0% interest
    • Interest Rate is 18% for 5 years
    • Interest Rate is 21% for 10 years
    • Reservation Fee: Php. Php. 20,000
    • Processing & Legal Fees: apprx. 4.5% of Selling Price

SAMPLE COMPUTATION:


DESCRIPTION: BANK FINANCING (12.5%): IN HOUSE FINANCING (30%):
SOPHIE HOUSE MODEL
SELLING PRICE: Php. 1,544,000
LEGAL AND MISC. FEES: (8%) Php. 123,520 (4.5%) Php. 69,480
TOTAL INVESTMENT VALUE: Php. 1,667,520 Php. 1,613,480
RESERVATION FEE: Php. 20,000
INITIAL INVESTMENT Php. 12,563 in 15 months: Php. 19,335 in 24 months:
LOANABLE AMOUNT: Php. 1,459,080 Php. 1,129,436
MONTHLY AMORTIZATION:
5 years @ 7.88%*: Php. 29,501 @ 18%: Php. 28,680
10 years @ 7.88%*: Php. 17,610 @ 21%: Php. 22,581
15 years @ 7.88%*: Php. 13,843
*Fixed Rate for 1 year; yearly repricing after the fixing period.

 

DESCRIPTION: BANK FINANCING (12.5%): IN HOUSE FINANCING (30%):
COLLEEN HOUSE MODEL
SELLING PRICE: Php. 1,700,000
LEGAL AND MISC. FEES: (8%) Php. 136,000 (4.5%) Php. 76,500
TOTAL INVESTMENT VALUE: Php. 1,836,000 Php. 1,776,500
RESERVATION FEE: Php. 20,000
INITIAL INVESTMENT Php. 13,967 in 15 months: Php. 21,373 in 24 months:
LOANABLE AMOUNT: Php. 1,606,500 Php. 1,243,500
MONTHLY AMORTIZATION:
5 years @ 7.88%*: Php. 32,481 @ 18%: Php. 31,577
10 years @ 7.88%*: Php. 19,390 @ 21%: Php. 24,861
15 years @ 7.88%*: Php. 15,241
*Fixed Rate for 1 year; yearly repricing after the fixing period.

 

DESCRIPTION: BANK FINANCING (12.5%): IN HOUSE FINANCING (30%):
MARGARET HOUSE MODEL
SELLING PRICE: Php. 1,920,000
LEGAL AND MISC. FEES: (8%) Php. 153,600 (4.5%) Php. 86,400
TOTAL INVESTMENT VALUE: Php. 2,073,600 Php. 2,006,400
RESERVATION FEE: Php. 20,000
INITIAL INVESTMENT Php. 15,947 in 15 months: Php. 24,247 in 24 months:
LOANABLE AMOUNT: Php. 1,814,400 Php. 1,404,480
MONTHLY AMORTIZATION:
5 years @ 7.88%*: Php. 36,685 @ 18%: Php. 35,665
10 years @ 7.88%*: Php. 21,899 @ 21%: Php. 28,080
15 years @ 7.88%*: Php. 17,214
*Fixed Rate for 1 year; yearly repricing after the fixing period.

 

DESCRIPTION: BANK FINANCING (12.5%): IN HOUSE FINANCING (30%):
HAVEN HOUSE MODEL
SELLING PRICE: Php. 2,000,000
LEGAL AND MISC. FEES: (8%) Php. 160,000 (4.5%) Php. 90,000
TOTAL INVESTMENT VALUE: Php. 2,160,000 Php. 2,090,000
RESERVATION FEE: Php. 20,000
INITIAL INVESTMENT Php. 16,667 in 15 months: Php. 25,292 in 24 months:
LOANABLE AMOUNT: Php. 1,890,000 Php. 1,463,000
MONTHLY AMORTIZATION:
5 years @ 7.88%*: Php. 38,214 @ 18%: Php. 37,151
10 years @ 7.88%*: Php. 22,811 @ 21%: Php. 29,250
15 years @ 7.88%*: Php. 17,931
*Fixed Rate for 1 year; yearly repricing after the fixing period.

Important:

  • Mortgage and Redemption Insurance (MRI) and FIRE insurance are not yet included in the computation.
  • Move-in after 15 months.
  • Maximum terms of loan varies depending Buyer's age.
  • Loan must be paid before Buyer reaches 65 yrs. old.
  • Processing Fees for Bank includes Transfer of Title, Advance One Year Fire/MRI insurance.
  • One year advance property tax and other blueprints.
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)
  • 3 pcs. ID picture 1x1 (applicant)
  • MSVS - Membership Status Verification Slip from Pag-ibig
  • Pag-ibig Counselling from the Developer
  • Proof of Billing Address or Certification from Owner if Renting
  • 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

₱ 1,667,520
N/A
52 sqm
80
Cavite
House And Lot
3
2
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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