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  #1  
Old 06-23-2009, 12:41 PM
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cocoleka Level 1 (10)
Default Cost of land in Santiago

My wife (who is Dominicana) and I are seriously in the market for a small piece of land to build a small house. The two neighborhoods we're interested in are: Los Jardines Metropolitano or Las Zurza.

We purchased a small tereno last year in Samana and have lawyers, engineers, and builders in the family but as we are just beginning to explore these areas in Santiago, we don't know what the cost of land there is.

Can anybody tell me the approximate range of the price to purchase one tarea (629 sq meters, I believe) in these 2 areas.
Prices are sometimes stated in pesos/meter sq and sometimes by other measures.
Any info or contact are much appreciated.
I find these forums on DR1 to be extremely helpful.

Thanks, Cocoleka
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  #2  
Old 06-23-2009, 06:47 PM
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jorgesarduysousa Level 2 (55)
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Los jardines at the moment is all commercial, restaurants, lawyer offices... theirs a lot of houses being sold; 450mt house is worth about $6-7.5 millon pesos. Its not house [20-35years old] but the location your purchasing.

Las Zurza is more residency area, houses run about 7-12 million

In both area empty lots can be counted on one hand
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  #3  
Old 06-23-2009, 09:23 PM
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FOr example I am selling a new(er) 3 BR 2 1/2 bath house on 340 meters of land for 6.1MM. There is one of those 40 year old houses for 4.1 million near here. Our whole property (for commercial use) was appraised at over 17 MM by a bank, and we turned down 20 MM last week...(850 mts, corner etc)

There are NO vacant lots, ie never been built on. There are some lots where the buildings have been razed for new construction. In La Zurza, an area that overhangs the Arroyo Nibaje(?) the lots are small. houses next to each others and expensive, full of overseas Dominicans come back to life. And it is expensive.

HB
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  #4  
Old 06-23-2009, 09:36 PM
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i was going to post about the non-existence of lots.

The Jardines IS going commercial. There are only 7 families along our street and of the 7, only two live in dwelling with no commercial attachment. When we moved here, there were 22 families...and even the side streets are sprouting offices and shops and restaurants.

Good Luck

Hb
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  #5  
Old 06-23-2009, 11:13 PM
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Quote:
Originally Posted by Hillbilly View Post
i was going to post about the non-existence of lots.

The Jardines IS going commercial. There are only 7 families along our street and of the 7, only two live in dwelling with no commercial attachment. When we moved here, there were 22 families...and even the side streets are sprouting offices and shops and restaurants.

Good Luck

Hb
Same thing happening in Villa Olga! The main avenue looks more like Calle del Sol than a residential one...

The last lot left for sale, I think was asking about the same as a house here. What's happening is that many single family homes are being razed to build multiple floor ones. The only people that don't sell to these developers are us the old residents, too attached to the Villa to move to someplace you know nobody around.

But things are changing too rapidly as of late and the trend is to ask as much as your soul feels will satisfy the loss and move on...

I can count old residents like us with my two hands, soon to be done with one and a lot of free fingers while at it.

I'm strongly thinking about using my genius and building that long ago promised home to myself, in our empty lot in los cerros de gurabo. But again, a home is looking too big for me at this point in time for the future. Where the heck do old farts like us live our golden (extra time) years?

Every time we make the trip to Casa de Campo, it feels more like work than rest at a resort. I know many will think I'm crazy, but it does feel like you're living in a hotel and not "home".

Buying land in Santiago is like pulling a perfectly healthy tooth out, that's w/o any pain numbing shot...

I think that the best thing to do for anybody is to rent for some time before you buy and get stuck someplace, which could turn into a nightmare later for your family.

As the poster indicated above, Jardines Metropolitanos is turning into a commercial sector more than not. Hardly a place you want to invest into a home for living a family style.

I can still recall the only commercial stores in Villa Olga! The Supermercado Familiar (or Fello's supermarket as we called it). The farmacia Villa Olga. The Colmado San Martin between Calle 2 and 3. The Colmado El Puntico in between called 10 and 11. Another mini market on Calle 11 going towards the Villa Los Hidalgos and the mini supermarket on calle 10 roundabout with Rincon Largo street. There were two more colmados one in calle 9(going towards rincon largo) and the other one briefly on calle 10.
That's the streets behind the Familiar Supermarket.

Today is almost impossible to count the biz in Villa Olga, they seem to pop up out of nowhere all the time!

Who could forget the "Verbenas" at the San Martin de Porres church!!!

All that nice family living is gone with the wind!

La Zurza has forever been identified as the place for returning Dominicans to settle. So much so that I can recall they nicknamed it "Dominicanyorkland"!!! Some of the early house designs seemed taken from an episode of the hillbillies...
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  #6  
Old 06-24-2009, 01:01 AM
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cocoleka Level 1 (10)
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Wow thanks for all the excellent feedback. After speaking with my wife and family we've concluded that these two areas (which she knows only by reputation and casual visits there over the years) may not be the best location for a famiy-oriented barrio (urbanizacion). Does anyone have any suggestions as to what might still be a safe and convenient area in Santiago where lots may still be available. We do not want really to purchase a house only the lot, but might consider the house if it were to meet all our quirky requirements. Thanks for all your help We'll be back in Santiago in Dec.
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  #7  
Old 06-24-2009, 01:13 AM
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Quote:
Originally Posted by cocoleka View Post
Wow thanks for all the excellent feedback. After speaking with my wife and family we've concluded that these two areas (which she knows only by reputation and casual visits there over the years) may not be the best location for a famiy-oriented barrio (urbanizacion). Does anyone have any suggestions as to what might still be a safe and convenient area in Santiago where lots may still be available. We do not want really to purchase a house only the lot, but might consider the house if it were to meet all our quirky requirements. Thanks for all your help We'll be back in Santiago in Dec.
Cerros de Gurabo...
Quintas de Rincon Largo...
Los Alamos...
La Espanola...
Reparto Monumental...
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  #8  
Old 06-25-2009, 10:50 PM
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cocoleka Level 1 (10)
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Pichardo, thanks for your feedback. I've always thought Cerros de Gurabo (behind Nacional, right?) was a GREAT area. Also, los Alamos which I forgot about is also really nice--but isn't it onthe outskirts of town?
I'm not familiar with the other areas by name but will start exploring the possibilities. Thanks again.

If anyone else has any overlooked areas to recommend, please chime in!
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  #9  
Old 06-26-2009, 12:47 AM
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Lucille Level 2 (59)
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Quote:
Originally Posted by cocoleka View Post
Wow thanks for all the excellent feedback. After speaking with my wife and family we've concluded that these two areas (which she knows only by reputation and casual visits there over the years) may not be the best location for a famiy-oriented barrio (urbanizacion). Does anyone have any suggestions as to what might still be a safe and convenient area in Santiago where lots may still be available. We do not want really to purchase a house only the lot, but might consider the house if it were to meet all our quirky requirements. Thanks for all your help We'll be back in Santiago in Dec.
There is a big lot for sale in Reparto Universitario. close to (PUCMM) ...
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  #10  
Old 06-26-2009, 11:26 PM
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cocoleka Level 1 (10)
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Thanks... Can you tell me how he can find it? My brother in law says he'll pass by and see what he can find out. I'll post any relevant info here.
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