Home » Foreclosed Properties » (SOLD!!!) Foreclosed Ponte Verde, BF Resort Village Las Pinas townhouses (further reduced prices + video)

(SOLD!!!) Foreclosed Ponte Verde, BF Resort Village Las Pinas townhouses (further reduced prices + video)

*Update as of December 27, 2012 – The seller has approved offers for all four units and they have already received a downpayment, thus all four units are considered sold. Please be guided accordingly and thank you to all who inquired.

This is a follow-up for my recent post about foreclosed townhouses for sale located at Ponte Verde, BF Resort Village, Las Pinas City. I recently visited the units myself to get more details and I also took a walk-through video, along with more pictures. I have also included a vicinity map, and pricing of comparable properties for easy reference.

By the way, I just got an updated pricelist from the GFI that owns these foreclosed properties and noticed that prices have been reduced further! Check them out below!

Property details

The following are common features for units at Lot 15, Lot 16, Lot 17, and Lot 18:

  • 3 bedrooms
  • 3 Toilets and baths
  • 1 parking slot
  • w/ maid’s quarters (or storage room) at the ground floor
  • w/ walk-in closet at Master’s bedroom
  • all bedrooms have a provision for a window-type airconditioner
  • w/ Meralco connection
  • w/ Maynilad connection
  • Well maintained and brand new condition, never been occupied
  • Units are approximately 4 to 5 years old (according the the officer-in-charge)
  • Ceramic tiles for living room, kitchen, and all bathrooms.
  • Apo vinyl tiles for bedrooms, second floor hallway
  • 24-hour security for your peace of mind. Ponte Verde is a village within a village (BF Resort Village, Las Pinas City).
  • Titles are consolidated (properties are under the name of the entity that foreclosed them)
  • It appears lighting fixtures have never been installed (refer to video below)
  • Update added on August 30, 2012: Monthly association dues is PHP140.00/unit per month
  • Update added on September 4, 2012: Capital Gains Tax will be shouldered by the seller, all other transfer costs will be shouldered by the buyer.
The following only applies to the unit at lot 17:
  • With attic (refer to video below)
  • Apo vinyl tiles for attic flooring

Note: Ponte Verde is confirmed flood free during the recent monsoon rains (August 2012)! Same goes for Ondoy (September 2009).

Updated price list (now at further reduced prices!)

Property ID Description of Townhouse Units located at Ponte Verde, BF Resort Village, Las Piñas City Indicative Price (PHP)
5A Lot 15, Block 1 Verde Drive; Lot Area = 75 sq.m.; Floor Area = 110 sq.m. 2,800,000.00
5B Lot 16, Block 1 Verde Drive; Lot Area = 75 sq.m.; Floor Area = 110 sq.m. 2,800,000.00
5C Lot 17, Block 1 Verde Drive; Lot Area = 75 sq.m.; Floor Area = 127 sq.m. (with attic) 3,100,000.00
5D Lot 18, Block 1 Verde Drive; Lot Area = 75 sq.m.; Floor Area = 110 sq.m. 2,800,000.00

Payment terms

Payment terms for these properties is cash basis only. However, if  a buyer can get bank financing plus enough downpayment to cover the whole selling price, this MIGHT be considered as good as cash. Contact me so I can explain further.

YouTube Video walk-through

The following video is a walk-through of the ground and second floor of the unit at Lot 16. The other units have virtually the same features for the ground and second floors. For RSS readers who can’t see the video, you may watch through this link: http://youtu.be/Sl3bNr8eROU )

The following is a walk-through video for the attic of the unit located at Lot 17. It is the only unit with an attic. For RSS readers who can’t see the video, you may watch through this link: http://youtu.be/f2HmYheVGrU )

More pictures

Google map

View Ponte Verde Townhouses for sale in BF Resort Village, Las Pinas City in a larger map

Comparable properties

I was looking for other comparable properties within Ponte Verde to get reference pricing and I only found the following. If anyone out there knows of any that are for resale or for sale by owner, please let us know by leaving a comment below.

*as always, our standard disclaimer applies

Who is the developer of Ponte Verde?

I believe the following link is the official website of the developer (BF CITI land Corporation). Please feel free to check it out to get more details about Ponte Verde

Rental rates

As mentioned in a recent comment, I could not find a unit for rent within Ponte Verde (I tried looking both online and offline).

However, I do know a number of townhouses nearby that are also within BF Resort Village Las Pinas with a rental rate of Php10,000 per month. This is for a small townhouse that approximate has a floor area of 75sqm and with 1 parking slot. If I will use the floor area alone, that would translate to about  Php142.86/sqm per month.

Using the same rental rate for a 110sqm townhouse, that would translate to Php15,714.28 per month.

*as always, our standard disclaimer applies

Property inspection/viewing

These units have no caretakers and are locked which means we will have to coordinate with the person-in-charge who holds the keys.

Viewing can only be done on weekdays.

Please request for viewing at least 2 days in advance for proper scheduling.

The fine print

As usual, all of these properties are for sale on an as is where is basis. Prices and property availability are subject to change without prior notice. As always, our standard disclaimer applies.

How to inquire

Interested buyers may inquire by leaving a comment below. Please include a valid email address (this will not be published).

We will contact you as soon as possible to confirm your inquiry and provide information you requested, along with possible payment terms. If you want to proceed, we will then assist you with the purchase of the property.

By inquiring through us, you acknowledge us as your real estate brokers (at no additional cost to you).

Happy hunting!

~~~

To our success and financial freedom!

Jay Castillo

Real Estate Investor
PRC Real Estate Broker License No. 3194 
Blog: https://www.foreclosurephilippines.com
Connect with us – Facebook | Twitter | Blog RSS | Google +

Text by Jay Castillo and Cherry Castillo. Copyright © 2008 – 2012 All rights reserved.

Full disclosure: We are accredited real estate brokers of the GFI who owns these foreclosed properties.

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About Jay Castillo
People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]
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Leave a Comment

57 thoughts on “(SOLD!!!) Foreclosed Ponte Verde, BF Resort Village Las Pinas townhouses (further reduced prices + video)”

  1. *Update as of December 27, 2012 – The seller has approved offers for all four units and they have already received initial payment, thus all four units are considered sold. Please be guided accordingly and thank you to all who inquired.

    Reply
  2. Hi Jay, are these still available. Kelan po pwedeng magpa schedule po viewing. Kindly send sample computation. Thank you.

    Reply
  3. seems to be a lot out there that are interested but are unsuccessful. is there a catch here? what does it take to buy any of these units? what is the indicative price? would like to visit, it that possible? thanks

    Reply
    • Hi Alley, offers have been submitted, but none have been accepted, because the offered price is too far away from the listed price here. So far, the challenge has been viewing can only be done during weekdays, during office hours. Another thing, as posted above, these units are for sale on a cash basis only, although bank financing can be as good as cash as explained above.

      A lot of people who want to view the units have not been able to. Please stay tuned for further developments as I am are working on borrowing the keys… so that viewing can be done on weekends as well. In the meantime viewing can be done on weekdays at 10:30am to 3pm, but we need to schedule this at least 2 days in advance with the seller.

      Reply
      • Hi! I’m interested in the property. Is this still available? Also, you mentioned the offered price is too far away from the listed price… can you give an idea about more or less the acceptable price…

        Many thanks!!! God bless!

        Reply
        • Hi Reinan, sorry for the late reply as these properties are already sold. Anyway, for your reference, a discount of 5% to 10% is considered acceptable in this case. Thanks for the inquiry.

          Reply
  4. Hi Jay,

    Can you also send me computations if terms are via loans/financing? When will be the next viewing schedule of these units?

    Thanks in advance!

    Reply
    • Hi Ms. Jocelyn, no offers have been accepted as of now so these are still available. I’ll send the computations asap through email. Thanks for the inquiry!

      Reply
  5. Hi jay,

    Just like to confirm on how they evaluate the offers. I bet there are a lot of offers now and I just want to know if they evaluate on a first come basis similar with buena mano. If you have estimates on the transfer fees could you send me details. Thank you so much.

    Reply
    • Hi Jeff, they have a committee who evaluates the offers and the main criteria is price, although they don’t have a formal first-come-first-serve policy in place like that of Buena Mano. Transfer fees would be approximately 2.5% to 4.5% of the selling price. I’ll send you a sample computation through email.

      Reply
    • Hi Ms. Thel, yes, these are still available as no offers have been approved yet. will send you sample computations through email shortly. Thanks for the inquiry!

      Reply
  6. Hi Sir Jay!
    I’m interested in the said units.
    Is it still available?
    Can you also email me the details e.g. prices, payment terms, floor plan and the like.
    Hope for your soonest reply.
    Thanks.

    Reply
    • Hi Eds, yes, these are all still available as no offers have been approved yet. will send you sample computations and other details through email shortly. Thanks for the inquiry!

      Reply
    • Hi sir Ronaldo, yes these units are still available. The seller is willing to accept a Bank Guaranty to finance the purchase. I will email you separately the sample computations. Thanks!

      Reply
      • Hi sir Ronaldo, I already sent an e-mail with sample computations. I have also requested for a viewing on Friday morning, September 14, 2012, at 10:00am. Please confirm sir if you can come. Thanks!

        Reply
    • Hi Ms. Jennifer, as of today no offers have been accepted yet so all the units are still available. We can continue discussing privately through e-mail as you prefer. Thanks.

      Reply
  7. Hi jay,
    I’m a seafarer and I’m interested of investing my money where I work so hard for it. Please send me computation if I’m planning it to pay for 3years. Thanks and God bless

    Reply
    • Hi Richard, thanks a lot for the interest, I have already sent you the sample computations through email. Please check. Thanks again!

      Reply
  8. Hello everyone! I managed to set a viewing of the Ponte Verde units with the person-in-charge on September 6, 2012, Thursday, 2:00pm. For those who are available, you may want to come so you can personally view the said units. Just let me know if you are coming by calling/texting me at 09178843882. I hope to see you there!

    Reply
  9. hello! looks like everyone is interested on these properties. kindly email me the same info that everyone is asking – terms of payment, amount of cash out, etc. tnx

    Reply
  10. Hi Sir Jay,
    You have mentioned it requires downpayment to hold the unit/property.
    Could you please let me know the required downpayment amount?
    How many days/months I can hold the property?
    Thanks in advance.
    Regards/ Calbert

    > I would very much appreciated if you can email me directly. Again thank you.

    Reply
  11. Hello,
    I am interested for investment but I want to know some more information if you don’t mind. Location is good for me. What do you think of the rent prospects in that area?
    Feel free to email me privately.
    Thanks
    Gina

    Reply
    • Hi Ma’am Gina, I have talked to an agent who specializes in rentals and he said rental rates within Ponte Verde and BF Resort Village Las Pinas for big townhouse units like these would range from 15K to 20K per month.

      Reply
      • Thank you. Can you send me the calculations (dp/amortization) including the other charges I need to pay relevant to the purchase. I know there are incidental charges on top.

        Reply
  12. Hi Jay,
    I am interested in one of the houses, can you please send me a sample computation thru bank financing to my email. Is it accessible to schools, supermarket, sorry I don’t know las pinas that much. I’ve been staying here in Doha for quite sometime now. Thanks and regards.

    Reply
    • Hi Ma’am Shiela, I already sent a sample computation through e-mail. Please check, thanks! Yes ma’am, BF Resort Village las Pinas is very close to schools like Elizabeth Seton School, Perpetual Help Las Pinas, etc. Supermarkets nearby are Puregold, SM Center, SM Hypermart, and a lot of convenience stores (7-11 and ministop).

      Reply
  13. Sir,

    Would just like to ask if the water in that area is strong and was not affected by flood brought by Ondoy or habagat.

    Thanks & more power!

    Reply
    • Hi Ma’am Marie Ann,

      Yes, it is confirmed that Ponte Verde was not affected by the recent floods caused by the habagat or monsoon rains. Same goes for Ondoy, it was not affected at all.

      Thank you also!

      Reply
  14. hi jay,

    thanks for this post. me and my wife liked what we saw on the video. and we are very much interested to tender purchase offer on one of the units available.

    we wish we could avail of bank financing, however, the problem is we are residing here in Saudi. is there a way you could help us on this aspect?

    thanks.

    Reply
    • Hi sir Rhodel,

      You’re welcome! Yes of course, I can assist you with bank financing with one of the banks I am accredited with (no additional cost for you). Let me first check what are the requirements to get a loan for OFW’s and I’ll get back to you directly through email.

      As mentioned above, The terms are cash so aside from the loan proceeds, you will have a cash-out equivalent to balance (selling price less loan proceeds) which should be good as cash.

      Let’s continue communicating directly through e-mail. Thanks!

      Reply
  15. Thanks for posting. Are all 4 units mentioned above still available? I’m working overseas. How does it work? Could I ask someone to see the units and pay the reservation? After I pay for the reservation, would you gave me enough time for me to travel home and see the townhouse myself before I pay in full (cash) and ofcourse to sign all necessary documents? If yes, how many days would you allow to keep my reservation?

    Also, I’m just wondering if you could gave me an idea on how much all additional costs (estimate) I should pay until title is transferred to my name? Thanks in advance.

    Best Regards,
    Calbert

    Reply
    • Hi sir Calbert,

      yes, all four units are still available as of August 30, 2012. I already asked on your behalf and was informed that the best way to hold a unit would be to make a downpayment or earnest money, which unfortunately is non-refundable in case you back-out.

      As to the transfer costs that the buyer will shoulder, let me prepare this and get back to you (I will also post the transfer cost sample computation for everyone’s reference).

      We can continue communicating directly through email. Thanks!

      Reply

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