Casita La Ermita La Ermita

San Carlos, Panama, Panama

Property ID: #94113 // RESIDENTIAL
- ft²
11.1 acres
11 beds
7 baths
  • Title
    Casita La Ermita La Ermita
  • City
    San Carlos
  • State
    Panama
  • Country
    Panama
  • Property Type
    Residential
  • Additional Types
    Hospitality, Investment, Residential, Special Purpose
  • Year Built
    2016
  • Lot Size
    11.1 Acres
  • Beds
    11
  • Full Baths
    7.00
PROPERTY INFORMATION

 

Great turn-key opportunity! Casita La Ermita is a private residence and hospitality complex that was built in 2016, situated within a 4.5 hectare fruit farm full of local wildlife, all included in this sale. The centerpiece of the small complex is a beautiful 100 square meter L-shaped swimming pool surrounded by sun loungers and shaded by fruit trees. The property offers 4 casitas which are built around the pool for easy access. Casita 1 is a 3 bedroom house that sleeps up to 14 people, Casita 2 is a large open plan studio that sleeps up to 11 people, Casita 3 is a large open plan studio that sleeps up to 12 people, and Casita 4 is a two bedroom, two bathroom house that sleeps up to 16 people. The main owners house is a newly built 208 square meter villa with 4 bedrooms and 2 bathrooms. The layout is open plan with a large kitchen, dining area and living room opening onto an enclosed terrace via sliding glass doors. The open plan living area opens onto the family bathroom and the 4 separate bedrooms with the master bedroom including an en suite bathroom. In addition there is a 2nd large open terrace to the front of the villa overlooking the rental properties and pool. Attached to the rear of the villa is a covered laundry area.


There is ample car parking available on site. The business includes a newly drilled well and a water tank set up (3,840 gallon capacity). The owners villa and a substantial garden are fenced off from the rest of the farm and the rental business. Casita La Ermita is secluded and private offering stunning vistas of the surrounding countryside as well as (distant) sea views. Guests are welcome to explore the farm and to help themselves to and enjoy the fresh tropical fruit from the farm. Seller is in the process of planting in excess of 1,000 grafted avocado trees (mainly Haas variety), which will offer two strong income streams to the business.


La Ermita de San Carlos is a pretty and tranquil agricultural village in the San Carlos region of Panama. Close to the beach (Playa La Ermita) and with a beautiful river running through the Village, there are three well stocked small grocery stores. Panama has exuberant nature and stunningly beautiful beaches. There is already an international airport at Rio Hato (Scarlett Martinez Airport) which is less than a 15 minute drive from La Ermita. This airport already includes flights to and from Canada and Costa Rica, as well as national flights within Panama.


For more detail property information on each Casita, please view the Property Info document. Current income producing property, contact Seller for more information on income.

 

Below are Instagram video links of Casita La Ermita.

- Video #1
- Video #2
- Video #3
- Video #4

DISCLAIMERS & AGENCY DISCLOSURE
  • Buyer's Fee: 0%
  • Earnest Money: 5% of the negotiated purchase price/successful high bid or $500, whichever is greater.
  • Brokers and Agents are fully protected and encouraged to participate.
  • RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.

Read More...

As is true with any major purchase, you should thoroughly investigate your investment before you go through with a real estate transaction. Always do your homework. Although it may be tempting to purchase a property without taking time to dig into it, we do not recommend it. Here are a few suggestions:

  • Read the contract in full.
  • If possible, physically visit the property.
  • If the property is a multi-family, acquire rental history, vacancy rates, etc.
  • Know the area in which you are buying, so you know what to expect of that market.
  • Consult a local broker.
If a buyer is not certain that he or she want to purchase a particular property, then that buyer is advised not to bid on the property. If a buyer has not inspected and/or not performed due diligence on a property and desires to do so before purchasing the property, then that buyer is also advised not to bid on the property. As always, feel free to contact a RealtyHive representative at 888-869-5672 with any further questions.

Tips for Buying a Home

So you’ve decided to buy a home? Congrats, that’s great!
Here are some great tips to get you on your way to home ownership.

1. Determine Your Budget & Save

Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?

2. Secure a Loan

Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.

3. Be Prepared

Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.

4. Stay Informed

Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.

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Online Only Event/Auction:
November 28th 10:00am - 4:00pm CST
List Price:
$1,300,000.00
Sugg. Opening Bid:
$875,000.00
Enter $875,000.00 or more

What is a Pre-Auction Offer? This property can be purchased prior to the auction's start date. If accepted, this property will be removed from the upcoming auction. Benefits to purchasing prior to auction.

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Contact & Showing Info

This property is a For Sale by Owner listing.

Financing

Please contact your local lender