5 Bedroom Historic Chiquita Plantation Home in Panama

$185,000
5
3
2,200
sq. ft.
$84
per sq ft
Heated sq ft: 2,200 sq ft
Avg Nightly Rate:
Home Legally Sleeps: 0
Occupancy Rate: 0 weeks
Annual Gross Income : Inquire
Annual Net Operating Income : Inquire
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: No
Furnishings Included: No
For Sale By: Broker
Seller Financing: No
Niche: Nature
New Construction: Inquire
Days on Vrolio: 174

Property Description

This home was renovated extensively: Exterior and interior walls are all new. New electrical wiring and plumbing. Bathrooms remodeled with floor to ceiling tile. Replaced wood flooring and closets with new teak. Handmade hardwood doors throughout. Painted inside and out. A large and spacious home with 4 bedrooms and 2 bathrooms upstairs and a studio apartment downstairs, which could be a private guest room or potential rental. Beautiful teak flooring in the open living room~dining room area and all bedrooms. Eat-in kitchen. Ten foot high ceilings lend to the feeling of space along with windows all around with views of jungle and greenery. There is a large deck in the private backyard to enjoy a cocktail, a quiet meal, or read a book outside in the fresh air. Underneath, there is a secured carport, apartment, laundry area, and large utility room. The lot is a gently sloped acre plus parcel with mature mango, avocado, and citrus trees. The entire property is fenced and backs up to a small river and jungle on one side for added privacy. It is located on top of a slight hill. The house in on town water and sewer, with cable TV, internet, and telephone services available. Las Palmas is the exclusive area of Puerto Armuelles that once housed the executives of Chiquita Banana Company. There is an opt-in Homeowner’s association, Tennis Court, and community swimming pool nearby. Today’s owners are mostly expats from the US and Canada, and upper middle class Panamanians who have carried on the tradition by restoring many of these homes.The value of these homes keeps going up year after year. The lots are large and there is no through traffic. Walking distance to downtown Puerto Armuelles, yet has a country feel.

Presented by:
Agent:
Moises Medina
Inside Panama
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 0
Low: 0
Peak: 0
Special Event: 0
Avarage: 0.00
Furniture Age
Inquire
Est Value of Furnishings
Inquire
Peak & High Seasons
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Yes
Reason for Selling
Moved back to the USA
Foreign national buyer restrictions from government?
No
Gross Annual Income
Inquire
Net Operating Income
Inquire
Stories
2
Additional Indoor Rooms
Attached Garage for No car, Attached In Law Suite, Family Room, Living Room
Appliances
Full stove, Refrigerator
Heating/Cooling
No A/C, No Heat
Floor Coverings
Real Hardwood
Security
Yes
Security Description
Fencing. Wrought Iron bars surround downstairs and wrought iron security doors.
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
1940
Outdoor Features
Deck, Fenced/Gated Yard, Porch - Not screened, Private Gated Driveway, Walk Out Balcony
View
Wooded Area
Backyard Exposure
Southwest
Lot Size
54450 square feet, about 1 1/4 acre with mature fruit trees. Borders a small cabreda and jungle. Lots of birds, monkeys, and wildlife. Large grassy lawn.
Community Features
Bar, Basketball Court, Bike Rentals, Community Pool(s), Fitness Center, Media/Business Center, Nature Trails/Walking Path, Ocean Access, Restaurant(s), Stores
Tax Amount/Year
$93
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Bar, Basketball Court, Bike Rentals, Community Pool(s), Fitness Center, Media/Business Center, Nature Trails/Walking Path, Ocean Access, Restaurant(s), Stores
Mandatory HOA
Inquire
Home Legally Sleeps:
0
Onsite Parking
1 car enclosed garage, with room for up to 8 cars inside the yard.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$0.07
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
No
Established Rental History
Inquire
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Inquire
Managed By
Not in a Management Program
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Property has never had any paid bookings on the home becase The home has been occupied as a primary residence
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$30.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$7.20
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$540.00
Water/Sewer (Annual)
$48.00
Cable/Interbet (Annual)
$540.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$92.50
Homeowner's Insurance (Annual)
$90.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Inside Panama, 507-730-8301

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