Maria Luisa Estate Park – Lot For Sale – Phase 5

Prime Property

Undoubtedly, it is Cebu’s most sought after residential development not only by locals but foreigners as well. With lots that give you the best views of the surrounding landscape and choice cuts ensconced in gorgeous valleys and hills, Maria Luisa Estate Park remains unsurpassed. A drive through this posh subdivision’s winding roads will reveal why this is so.

The lush landscape gives an instantaneous calming effect to anyone who enters Maria Luisa Estate Park. Away from the maddening city lifestyle, its residents have long found comfort in the tranquility that envelopes the community. For decades, Maria Luisa Estate Park has provided security and safety to everyone who has lived there.

Property Details:

Location: Phase 5, Paseo Don Sergio, Maria Luisa Estate Park, Banilad, Cebu City
Lot Area: 779 sq.m.
Terrain: Sloping
Price: PHP 9,348,000

This lot is for sale by its owner with titles and other documents. The terrain is sloping so it is best to construct a house with a 3-4 storey sloping design to match the sloping terrain. Phase 5 has long been sold out, in fact, the entire Maria Luisa Estate Park is almost sold out.

Sample designs for houses on a sloping terrain:

PHOTO GALLERY:

AMENITIES:

• Clubhouse
• Basketball and Tennis court Facilities
• Jogging Trails
• Three Children’s Playground
• The Emerald Lake Valley
• Uninterrupted Water and Electric Utilities
• The Highland Park & Clubhouse
• Landscape Parks with Picnic Grounds
• 24-hour security

SECURITY & SAFETY:

Security is a priority concern in Maria Luisa Estate Park. The Homeowners’ Association does not take any risk when it comes to this matter. It has hired the services of a total of 33 guards stationed strategically in 8 guard outpost throughout the entire property. Security guards assigned at these outposts are tasked to roam around their respective areas every 2 hours.

Both Banilad and Busay entrance gates have guards imposing strict security measures such as inspection of visitors and vehicles. Aside from this, there are CCTV cameras installed in the entrances to monitor the activities. Phases 9 and 11 also have additional gated entrances with guards. All these are provided to ensure the security and safety of homeowners.

TERMS OF PAYMENT:

Seller pays Capital Gains Tax, Documentary Stamps Tax, Real Estate Tax
Buyer pays Transfer Tax, Registration Fees, Notarial Fees

DISCLOSURE:

Before calling to inquire about this property please be informed that the title of this property is under mortgage under Allied Bank now PNB. PNB’s sister company, a financing firm from Manila bought the bad debts of PNB so the title of this property is currently with that firm. I forgot the name but I have spoken with them together with the owner’s staff. The account manager told us that if the property is to be bought, the signing of the Deed of Sale will be done in Manila at the financing firm’s office and they will issue the document Release of Mortgage so that title will be clean. Part of the payment of the sale will be used to pay the owner’s mortgage. If these conditions are acceptable to you and you are willing to undergo the process please do give us a call or text message so that we can work this out.