Beautiful Apartment for Sale in El Poblado, Medellin - Price lowered to 199,000,000 Pesos

englishman says on Nov 17, 2009, 09:00:

Yes, I have just lowered the price by 20 million.

See previous post: http://poorbuthappy.com/colombia/post/beautiful-apartment-for-sale-in-...

http://www.apartments-medellin.com http://www.themedellinmap.com

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luck4unme says on Nov 17, 2009, 10:22:

I've looked at a lots apartments in the last year and this looks like a great deal. Great location too!

Kind of sorry that I just moved into my new place. If this had been available when I was looking I definitely would have been interested!

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vallenato says on Nov 17, 2009, 11:04:

Wish this was in Bogota. Beautiful place.

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tasco66 says on Nov 17, 2009, 11:12:

How old is the building?

Newsweek on Uribe: "he's delivered the trifecta of peace, security, and prosperity"

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CakeDesigner-wannabe says on Nov 17, 2009, 11:20:

Hello Englishman, seems you are desperate to sell it. At $220m, it is still a good price from what I have seen inside your building!!

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makopp5 says on Nov 17, 2009, 11:34:

CAKE
how do you come to 2.2millon if the price is 199 millon for 137 sqm

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CakeDesigner-wannabe says on Nov 17, 2009, 11:42:

I meant 220 million lol

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mosvar says on Nov 17, 2009, 11:44:

That's a 100 grand, must be serious.

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Catfish35 says on Nov 17, 2009, 19:47:

admin? I didn't see that mentioned. but great price.

Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."

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bickerss says on Nov 17, 2009, 23:11:

Great area and very nice apartment - very well constructed, especially when compared to the newer options.

Investment Strategy - buying when others are crying!! Offloading when others are gloating!!!

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Robert Jorge says on Nov 17, 2009, 23:45:

If you are in the market, and want a real quality place in el pablado, you have to be stupid not to jump on this deal. I wish I had the money.

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utopiacowboy says on Nov 18, 2009, 04:14:

Why is he lowering the price? The way some of the PBHers talk he should be jacking it up daily as the real estate boom goes up and up and up and....

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

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kenblanquito says on Nov 18, 2009, 07:03:

It seems that property is more disposable in Colombia and not an appreciating asset, unlike many countries.
The reason for that appears to be that people move into a place, live in it without really doing any maintenance or upgrades and then sell it off cheap several years later in order to partially fund the next place. A bit like cars in Europe, which depreciate quickly unless they are high quality makes.
The ever-ending property-boom continues in Medellin, regardless of the existence of "a recession". Perhaps the middle classes are not particularly affected by this recession, rather the poor.
I think englishman is looking realistically at what is going on around him and feels that in order to compete favourably with the endless new projects being built at present, he needs to attract people to his second-hand apartment by lowering the price more. A shame really; it looks like a very decent, well finished apartment in a well sought-after zone and I personally think the price of less than 1.5 million Pesos per square meter is fantastic. If I wanted an apartment at this moment, I would seriously think about this one: a real bargain!!!!
englishman, how old is the building? Which agents are you using or are you the agent?
Good luck englishman if it is yours!

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Tim777 says on Nov 18, 2009, 07:53:

With the apto description it would be nice to include property taxes and monthly administration fees, which could add up to a noticeble amount depending on the area and the building.

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tasco66 says on Nov 18, 2009, 08:04:

It would be good to see the rental history too (annual revenues)

Newsweek on Uribe: "he's delivered the trifecta of peace, security, and prosperity"

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lpdiver says on Nov 23, 2009, 16:56:

Tim777,

I agree, it is much like automobile ownership in the USA. Paying the car note is often the smallest portion of the equation. Often the insurance is much more than the cost of the auto. Taxes and administration fees would be nice to know; as well as the status of other tenants timely payment of admin fees. Also is there some new construction that is going to drastically change the beautiful vistas?

Having said all that and having looked into several properties in Medellin in November...it would seem to be a good deal. Wish I was in a positon to look into it myself.

I looked into a property in one of the towers near Cerro Volador for 125,000,000 that was smaller but very similar in construction. This would appear to be a better value if one has the extra 75,000,000 assuming the admin fees and taxes are reasonable.

ts

Remember what the monkey says, "Fuck money it's free"

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englishman says on Nov 23, 2009, 17:17:

Administration: 303,000 (Monthly)
Taxes: 320,000 (Quarterly)

Thanks for the interest.

http://www.apartments-medellin.com http://www.themedellinmap.com

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