BajaNomad - Bahia Asuncion BIG drop in Price for this Home SOLD

Bahia Asuncion BIG drop in Price for this Home SOLD

DianaT - 3-19-2009 at 05:00 PM

I started a new thread for this because of the HUGE drop in price.

THE PRICE HAS DROPPED FROM $40,000.00 DOLLARS TO $25,000.

This is being posted strictly as a favor for a very good friend, Armando Verduzco. We are not involved in any way with this house, and if it sells, we will not receive anything from the seller or buyer---not even a beer. We just want to help our friend.

It is a two bedroom house on a small lot, 16 by 20 meters. The three houses houses built at the same time. The pink house on the far left of the photo is being kept by the builder as a vacation rental. (a good vacation rental) The middle house is owned by an American who also owns a home in La Paz---Bahia Asuncion is a great place to escape the summer heat of the other side. House for sale is on the right.

The Three Houses. The first picture was taken from the back of Lauriboats property---that is her water faucet. The second picture was taken from the back of our property and shows our created driveway. In the future, there will be a street in front of the three houses and one behind our house.

This is the front of the house for sale.

This is the back of the house

And this picture shows where the neighbor had Armando build a bodega on top of the septic---good idea.

A couple of current views from the front porch. The first one shows the lot stake---I painted it black in photoshop.

Looking toward the island

Looking down at two very nice neighbors. :lol:

As I said before, someday there will be a street in front and one behind our house and there are two lots between the streets

The inside pictures were taken in the morning with light pouring in the windows---making picture taking difficult and the colors are not true. The house is painted link pink on the inside.

Living Room---all floors will be covered with tile---included in the price.

Bedroom where the closet is going to be---included in the price

Other bedroom---pretty much the same size, but will not have the closet.

Bathroom that will be completed with sink toliet and shower fixtures---lights, of course will also be completed.

Kitchen---cupboards will be built under the sink---included in the price.

Looking from the kitchen into the living room.

Laundry Room

Price again, $25,000.00 US dollars. It is NOT leased land, so you will need a bank trust.

The owner is Armando Verduzco. His phone number at his office is 615 160-00298---or his Hotel is 615 160 0004. I will check again on his cell number, or if Laurieboats reads this right away, please e-mail me his cell number and I will add it.

E-mail is avg_17@hotmail.com

Armando speaks and understands a little English---but he has a nephew in town who owns the store, Ultramarino San Diego, Jesus Manuel who speaks English quite well.

Also, we really believe that the best way if someone is interested is to visit Bahia Asuncion and see everything in person---some people love it here, and others do not!

Once in town, Armando can be found---it is difficult to explain where is office is, but the hotel is on the main road and part of his family run the resturant there----they can always find him, and besides, it is a very good place to eat. :yes:

Or, if we or Lauriboats are are in town, we will find him.

Armando is a very reputable person and he is familar with what is needed for a fidiocamiso (sp) and or for a corporation. Besides being our friend, he was the builder and owner of our home and he also built the home for Laurieboats, so they have also dealt with Armando.

Utilities----The water is a flat 90 pesos a month, and the electricity seems cheaper here than in other places.

Again, this is being done strictly as a favor for a friend.

Diane and John

[Edited on 4-25-2009 by jdtrotter]

Bajahowodd - 3-19-2009 at 05:34 PM

It's an amazing price. But, I suspect that there will eventually be houses in front, obscuring any ocean view. Am I right?

DianaT - 3-19-2009 at 05:37 PM

Quote:

Originally posted by Bajahowodd
It's an amazing price. But, I suspect that there will eventually be houses in front, obscuring any ocean view. Am I right?

Eventually, there probably will be houses in front that may or may not take away the view. It will, definitely take away some of the view, but it is up a hill which helps. It is a pretty good slope---one needs to see it in person. These pictures do not show the slope of the land. It is not quite a high as the home Bajagypsy is building, but it is not far away.

A good price, IMHO.

Diane

[Edited on 3-20-2009 by jdtrotter]

Bajaboy - 3-19-2009 at 05:38 PM

I'd at least ask for a beer.

DianaT - 3-19-2009 at 05:39 PM

Quote:

Originally posted by Bajaboy
I'd at least ask for a beer.

No, he and his family have been very good to us and done a lot for us.

Diane

[Edited on 3-20-2009 by jdtrotter]

Bajahowodd - 3-19-2009 at 05:43 PM

Thanks Diane. Not a humble opinion. It is a deal. I do agree with you that Asuncion is a sort of love it or hate it place. What may be lacking in greenery, is more than made for by the wonderful people.

fdt - 3-19-2009 at 06:03 PM

Quote:

Originally posted by jdtrotter

Quote:

Originally posted by Bajaboy
I'd at least ask for a beer.

No, he and his family have been very good to us and done a lot for us.

Let him buy you a beer, please. :saint:

fdt - 3-19-2009 at 06:08 PM

I'm sure the beer is very cold here

Bajahowodd - 3-19-2009 at 07:56 PM

I might offer him an extra thousand if he got rid of the pink paint. :lol:

DianaT - 3-20-2009 at 11:28 AM

Yes, Ferna, the beer is VERY cold at that store :lol:

and that is Armando's nephew who speaks pretty good English.

Thanks Laurie for sending me Armando's cell number --- 615 10 37146

Now if someone calls him from out of the area , but in Mexico, you need to call 045 and then the number.

From the US, one needs to dial 011-52-1 and then the number.

Diane

capt. mike - 3-20-2009 at 12:51 PM

good deal for someone, it is a nice start. needs some finish tho.
but jeeze........for the cost of an RV, cheap one at that....ummmm

wish i were closer to being able to go south for the whole summer.

who cares about view - just build a deck up high!

tripledigitken - 3-20-2009 at 02:59 PM

Quote:

Originally posted by capt. mike
good deal for someone, it is a nice start. needs some finish tho.
but jeeze........for the cost of an RV, cheap one at that....ummmm

wish i were closer to being able to go south for the whole summer.

who cares about view - just build a deck up high!

Looks like a great view sitting on the pila! :tumble:

Udo - 3-22-2009 at 09:42 AM

How many liters in that PILA?

rts551 - 3-22-2009 at 09:54 AM

For that price you could afford a larger Tinaco if you desired. They do have running water though and the Tinaco is only for those frequent emergencies.- is that right Diane?

Diver - 3-22-2009 at 10:09 AM

Yes the Asuncion has city water.
There are still pressure fluctuations and occassional outages.

shari - 3-22-2009 at 10:58 AM

we had 5 days with no city water last week...so bigger tinaco the better!!! (Also glad we kept our outhouse)

DianaT - 3-22-2009 at 04:09 PM

Quote:

Originally posted by rts551
For that price you could afford a larger Tinaco if you desired. They do have running water though and the Tinaco is only for those frequent emergencies.- is that right Diane?

We have two tinacos which is a good idea since the city water can and does go out for days at a time. Álso, it is a good idea to make sure that there is an outside water faucet that is hooked directly up to the city water so one can check to see if it is off.

When they know the water is going to be shut down due to problems, the police ride around and announce it, but we do not always hear it---so before we do laundry, we check the water outside everyday. If it is off---no laundry and we have no problem.

Diane

rts551 - 3-22-2009 at 04:39 PM

What a buy. and water too. Most people spend more than this on their car!

oldjack - 3-23-2009 at 08:30 AM

what would the estimated fees be for buying this house... i.e the trust and notario(?)... I was told by a facilitator here in Los Barriles that it would be about $5000 usd?????

Russ - 3-23-2009 at 09:08 AM

$5000 for a fido.... that's a deal! Around here they're over $10,000us

Diver - 3-23-2009 at 09:23 AM

Most folks I know have paid closer to $5K.
I have never heard of $10K for a fido - must be more to your situation ?

Bajaboy - 3-23-2009 at 09:28 AM

I think it all depends....last I heard for BA was in the $8k range. It's outrageous how expensive this process is when you think about what is involved.

BajaGringo - 3-23-2009 at 10:02 AM

Whether you create a banktrust or are able to obtain escrituras, much of the costs are tax; a percentage based on the sale price of the property and the notario fees. The next biggest chunk of change will go to the person who performs the tramite for you. It may seem like a simple process when you only look at the docs but if you have ever gone through the process it may involve many, many hours of time and many calls, trips back and forth and waiting in line. A friend of mine does these tramites up here in Rosarito and I know how hard she works to get each one done.

I have seen many who have delayed their paperwork because of the costs thinking they could just sit on their sales contract safely until some time in the future. I think that is a big risk and if anything ever happens to the seller in the meantime you run a big risk of losing the property.

YMMV

[Edited on 3-23-2009 by BajaGringo]

Bajaboy - 3-23-2009 at 10:21 AM

Quote:

Originally posted by BajaGringo
Whether you create a banktrust or are able to obtain escrituras, much of the costs are tax; a percentage based on the sale price of the property and the notario fees. The next biggest chunk of change will go to the person who performs the tramite for you. It may seem like a simple process when you only look at the docs but if you have ever gone through the process it may involve many, many hours of time and many calls, trips back and forth and waiting in line. A friend of mine does these tramites up here in Rosarito and I know how hard she works to get each one done.

I have seen many who have delayed their paperwork because of the costs thinking they could just sit on their sales contract safely until some time in the future. I think that is a big risk and if anything ever happens to the seller in the meantime you run a big risk of losing the property.

YMMV

[Edited on 3-23-2009 by BajaGringo]

That's exactly my point....simplify the process, reduce the costs, and you'll see a more efficient real estate market.

BajaGringo - 3-23-2009 at 10:24 AM

Quote:

Originally posted by Bajaboy

That's exactly my point....simplify the process, reduce the costs, and you'll see a more efficient real estate market.

No argument from me there...

DianaT - 3-23-2009 at 05:32 PM

Gees, less that two years ago our bank trust cost us about $5500.00 and from what we have heard, it is not much more than that now----some may depend on who one uses.

Our agent was quite reasonable.

Diane

Bajajack - 3-23-2009 at 06:50 PM

No matter how you look at, it's still a Rip-Off.

and??

capt. mike - 3-24-2009 at 06:31 AM

Quote:

Originally posted by jdtrotter
Gees, less that two years ago our bank trust cost us about $5500.00 and from what we have heard, it is not much more than that now----some may depend on who one uses.

Our agent was quite reasonable.

Diane

what are the annual maintenance fees for keeping the Fideo commiso?

i figured from friends to add about 25% to the purchase price to cover closing costs depending on price and locale?

Osprey - 3-24-2009 at 07:01 AM

Yep, it's a rip off. Don't pay it. Don't fall for that stuff. Don't buy anything. Sleep on the beach if you come to Baja California. Keep moving. Some real good realty buys in Costa Rica.

DianaT - 3-24-2009 at 01:59 PM

Quote:

Originally posted by capt. mike

Quote:

what are the annual maintenance fees for keeping the Fideo commiso?

i figured from friends to add about 25% to the purchase price to cover closing costs depending on price and locale?

I think so much depends on where you buy in Baja and from whom. Things here are a lot more casual in many ways.

We only had a simple purchase agreement written in English which would have never stood up in court. So much of our purchase was done on a handshake and lots of trust. Laurieboats deal was done much the same way with the same seller.

Even getting our bank trust was done on trust---we signed over a power of attorney to our agent in La Paz and deposited money in his sister's bank account in San Diego.

Besides the bank trust, we had no other closing costs. Our yearly fee for the bank trust is, I believe about $350.00---I will check at home again---but it will go up.

Also, our bank trust took a little over 4 months which is fast, we think.

It is true that there are different rules down here---just the way it is.

Diane

Diver - 3-24-2009 at 05:02 PM

We used the same agent as Trotters and also signed a power of attorney.
We deposited money in his sister's account in San Diego and he did the rest.
It was quite a learning experience but I think he did a great job.
Of course, Shari's recommendation gave us a level of confidence before we started the process.
She was right on the money !!

Lauriboats - 3-24-2009 at 05:09 PM

Our bank trust in Bahia Asuncion is in process now, we were quoted $7,000.00 US. Should be completed next month.

msteve1014 - 3-24-2009 at 05:16 PM

I was also quoted $7000 a few months ago, to have the fido done in Santa Rosalia. Sounds like that is the going rate at this time.

Pescador - 3-25-2009 at 12:23 PM

Quote:

Originally posted by Osprey
Yep, it's a rip off. Don't pay it. Don't fall for that stuff. Don't buy anything. Sleep on the beach if you come to Baja California. Keep moving. Some real good realty buys in Costa Rica.

Not only that but Panama has some great buys right now and they have lots of fish and no danger from the drug cartels. Mexico should be outlawed. Columbia is where the real tightwads should go and buy land.

DianaT - 3-25-2009 at 04:19 PM

Quote:

Originally posted by Pescador

Quote:

But I am sure there are laws and rules in those countries that some may not like. :yes:

msteve1014 - 3-25-2009 at 04:24 PM

Just keep pointing south,they will find a place to squat,and call home.

vacaenbaja - 4-5-2009 at 09:00 PM

What costs etc. are involved if the buyer is a mexican national?

Hook - 4-5-2009 at 09:45 PM

The trust on our 1312 square meter lot in San Carlos cost us 3500.00 including the first year's fees of 460.00. This included the notarios fees as well as getting a power of attorney for our real estate agent. One notario in San Carlos wanted 200.00 just for the P of A alone. We found one in Guaymas for 60.00, so it does pay to shop around.

This annual fee is a fixed, per year amount for the life of the trust. We'll see. It was through Banco Interracciones. We had the paperwork back from Mexico City in about 6 weeks, if you can believe it.

Our first year's taxes ran about 75.00...........but this is on bare land. We do have municipal water, power and telephone/Slim internet to the property and our roads are graded when they get bad (yep, dirt). Municipal sewer service is supposedly coming "soon" so our builder is recommending having the septic system up near the road so it will be an easy connection.

All prices converted to dollars.

Construction starts the week after Semana Santa. Pretty much a glorified Tripui layout, except that we will have a 16x22 bedroom, bath, laundry bodega complex next to the 35 foot trailer and shade structure. And a 32 x38 garage/workshop.

Workshop.........who am I kidding? It will be a man room with my radio shack, flat screen TV, fishing chit, etc. Dammit, I am putting in a urinal out there, as well as an outdoor shower!!!

Gaucho - 4-5-2009 at 09:50 PM

Quote:

Originally posted by vacaenbaja
What costs etc. are involved if the buyer is a mexican national?

We have an escritura and "all in" it was about 10% of the purchase price. This included everything.

wilderone - 4-6-2009 at 09:49 AM

"But I am sure there are laws and rules in those countries that some may not like"

Panama wants foreigners to come and has special tax breaks for them. Lots of coastline, islands, fish. The drug industry built Panama City and does "good" things. Different dynamic - no feuding/opposing cartel wars.

captain4tuna - 11-26-2009 at 09:23 AM

Sorry for any perceived ignorance, but this is still available, what is the sq footage?
Thanks

DianaT - 11-26-2009 at 09:53 AM

Hi,

These sold quite a while ago.

If you want to be in contact with this builder for another similar one he may have, or for possible other properties, send us a U2U and we will give you his information.

Diane And John

capt. mike - 11-26-2009 at 09:59 AM

Hook - ?!
"Dammit, I am putting in a urinal out there, as well as an outdoor shower!!! "

why do both? they can be the same if you do an outside shower! :spingrin:

how did your place come out?
i love San Carlos.

i need to get something in BA before Pompano buys the town.

woody with a view - 11-26-2009 at 10:03 AM

Mike, Hook, Pompano

howzabout a timeshare split 3-4 ways. i can't justify the 2-3 weeks a year to buy outright. this kid still has to earn a living!

anyone?

capt. mike - 11-26-2009 at 12:59 PM

i'm in....i want a summer heat escape.

TheColoradoDude - 11-26-2009 at 01:17 PM

Quote:

Originally posted by woody in ob
Mike, Hook, Pompano

howzabout a timeshare split 3-4 ways. i can't justify the 2-3 weeks a year to buy outright. this kid still has to earn a living!

anyone?

I'm in!

Bajaboy - 11-26-2009 at 02:05 PM

Plenty of places to stay/rent without having to buy a place.... :yes:

Just ask around and I'm sure something can be worked out.

DianaT - 11-26-2009 at 02:24 PM

Quote:

Originally posted by Bajaboy
Plenty of places to stay/rent without having to buy a place.... :yes:

Just ask around and I'm sure something can be worked out.

While expensive daily and weekly rentals are available, we have had no luck finding a long term reasonable rental-- we have friends who would like to rent for probably several months to see if they like it there and they cannot afford the daily and weekly rentals.

If you hear of anything long term, please pass it on. So far we have not been able to find anything.

woody with a view - 11-26-2009 at 02:31 PM

my thoughts too, Diane. if i could own/share for 5-6k then the weeks over the years would be worth it. otherwise, we're doing what we've always done. which ain't so bad.....

[Edited on 11-26-2009 by woody in ob]

DianaT - 11-26-2009 at 02:40 PM

Quote:

Originally posted by woody in ob
my thoughts too, Diane. if i could own/share for 5-6k then the weeks over the years would be worth it. otherwise, we're doing what we've always done. which ain't so bad.....

[Edited on 11-26-2009 by woody in ob]

Well, not sure you can get a place as fancy as the camp you set up---you sure set up a nice camp! :yes:

Right now the cost of ownership with the extras is still really quite reasonable.

Water----90 pesos a month
Electricity----our VERY highest was under 400 pesos for a month when we were there the whole month, ran a freezer, two refrigerators, two electric water heaters, and a space heater a few times.

Property taxes this year---finally were able to pay them, were $218.00 pesos.

Maintenance being close to the water---continual----even plastic rusts. :biggrin:

woody with a view - 11-26-2009 at 02:54 PM

yep! we'd miss our old friends..... maybe have to rethink the whole being in one spot thing?

edit: Erika, Israel, Sra Mercedes = good Baja folks!

[Edited on 11-26-2009 by woody in ob]

woody with a view - 11-26-2009 at 02:58 PM

okay, i'm out.... too many spots to hang and so little vacation time!

DianaT - 11-26-2009 at 03:05 PM

Quote:

Originally posted by woody in ob
.. maybe have to rethink the whole being in one spot thing?

That is a real downside to owning a place.

It is one of the reasons we have considered selling, but since we are retired and keeping the place costs us so little, we are beginning to once again explore other areas again and are rethinking the idea of selling.

Just returned from the Sierra Nevada and hope to spend at least 2 months on the Mexico mainland this summer.

But, when you are still working, it is a BIG consideration.

vgabndo - 11-26-2009 at 07:00 PM

Just a little something out of my heart. Even though it isn't much money to invest, I would not fall prey again to the idea that I have so little to lose. I had so much more heart invested in San Nicolas than I had money, and in the end I should have treasured the experience more, and insured that the location was sustainable; that it wouldn't wash away. I mean by this that I should have spent more money and got out of the arroyo. This old Marine has shed more than a few tears over pictures of the little place we built with our own hands and which we could "walk away from if we had to". We had to. We did. And, the wounds have been far deeper than I'd have imagined. (There is a pain in my heart from the looting too.)

[Edited on 11-27-2009 by vgabndo]

DianaT - 11-26-2009 at 08:58 PM

Quote:

Originally posted by vgabndo
Just a little something out of my heart. Even though it isn't much money to invest, I would not fall prey again to the idea that I have so little to lose. I had so much more heart invested in San Nicolas than I had money, and in the end I should have treasured the experience more, and insured that the location was sustainable; that it wouldn't wash away. I mean by this that I should have spent more money and got out of the arroyo. This old Marine has shed more than a few tears over pictures of the little place we built with our own hands and which we could "walk away from if we had to". We had to. We did. And, the wounds have been far deeper than I'd have imagined. (There is a pain in my heart from the looting too.)

[Edited on 11-27-2009 by vgabndo]

Thanks---so honest and good food for thought. Another thing to think about be for anyone buys.

Crusoe - 11-26-2009 at 11:10 PM

Thank You for such an honest heartfelt post Vagabondo. What a sharp looking little dream house.I had a very similar expierience/loss which ripped my insides out. I regrouped, learned from my mistakes and rebuilt,reorganized and planned better. And now I am enjoying those fruits of my hard fought labor.Sometimes (and more often than we like) life is just not fair. It makes no difference how much money you have or what your specific situation is or where your heart is. Every one has to deal with lifes negative twists. If you really to want bad enough, you can easily rebuild something simmilar again out of the flood zone. In 1985 we met a man in San Nicholas named Clemente, a fisherman. We thought he might have been a large land owner there. A gem of a man. He was building a road with a pick and shovel out to Punta Pulpito by hand. He was very good to us (another long story). Is he still there? Good luck. ++C++

vgabndo - 11-27-2009 at 12:16 AM

Thanks all, sorry that was before my time. We didn't get to San Nic until '93.

k-rico - 11-27-2009 at 08:03 AM

Quote:

Originally posted by DianaT

Quote:

Originally posted by woody in ob
.. maybe have to rethink the whole being in one spot thing?

That is a real downside to owning a place.

A nice piece of "wheel estate" is an excellent compromise. Just don't get too elaborate and for Baja keep it dirt roadable.

woody with a view - 11-27-2009 at 08:16 AM

Quote:

Originally posted by k-rico

Quote:

Originally posted by DianaT

Quote:

Originally posted by woody in ob
.. maybe have to rethink the whole being in one spot thing?

That is a real downside to owning a place.

A nice piece of "wheel estate" is an excellent compromise. Just don't get too elaborate and for Baja keep it dirt roadable.

OKAY!!! i'm out! :biggrin:

another bump in the road.....

Two Questions:

arroyoflyer - 11-27-2009 at 09:35 PM

Are those 'Pila towers' shown in original post considered sturdy??

What is a Tinaco?

Thanks

BajaGringo - 11-27-2009 at 10:00 PM

Quote:

Originally posted by arroyoflyer
Are those 'Pila towers' shown in original post considered sturdy??

What is a Tinaco?

Thanks

A Tinaco is the black water tank you see elevated in the photos. A pila is in/on the ground - not suspended in the air.

Is it sturdy? Who besides the builder really knows but not a design I would have followed. But what do I know???

DianaT - 11-28-2009 at 12:33 AM

Quote:

Originally posted by BajaGringo

Quote:

Originally posted by arroyoflyer
Are those 'Pila towers' shown in original post considered sturdy??

What is a Tinaco?

Thanks

I do prefer the way our tinacos are set which is quite different. However, in our town, the design showed here seems to be the most common and I do not think any have fallen in the earthquakes or the winds.

Then again, next earthquake or wind storm, I hope I won't be standing anywhere near any of them. :lol:

One more ?

arroyoflyer - 11-28-2009 at 09:22 AM

ok great. thanks for that.
Final question... what's the 'good idea' behind building a bodega atopa the septic??

DianaT - 11-28-2009 at 03:53 PM

Quote:

Originally posted by lencho

Quote:

Originally posted by DianaT
Then again, next earthquake or wind storm, I hope I won't be standing anywhere near any of them. :lol:

I wouldn't be overly concerned about winds, but wouldn't have much confidence for those things in the photos, to handle major horizontal surface movement if the right kind of earthquake hit. It's like an inverted pendulum... :lol:

[Edited on 11-28-2009 by lencho]

Good thing the local quakes have been very loud, but not been major in movement. I can just visualize one of those starting to sway---yikes!