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France, French Fractional Ownership - Elegant 2BR apartment in the Marais

Fractional Ownership

Experience freedom


Price: 90,500 Euros

Listed by steve navaro


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Type: Apartment
Town: Paris
Department: 75 Paris
Location
City Centre
Region: Ile-de-France
Seller: Paris Home Shares LLC
Country: U.S.A
Neighborhood: Marais
Street name: rue Ferdinand Duval
Bedrooms: 2
Baths: 1
Sleeps: 6
Floors: 1
Year Built: pre-1900
View a map of the area
Quarter Share: 271,500 Euros
Price per Share: 90,500 Euros
Estimated Monthly Fees: 100 Euros
Number of Shares: 12
Legal Structure: SCI
Sixth Share: 181,000 Euros
Closing Costs: 0 Euros
Square Metrage: 77
Status: Active


Owner's Description: Our latest project, named Jardin Saint-Paul, features a wonderfully located 2 bedroom 850 sq. ft. apartment in the Marais. Priced at just 90,500 € for a 1/12 ownership, it features original exposed wood beamed ceilings, natural stone walls, fireplace, modern kitchen and bath, and 6 full length windows overlooking a tranquil courtyard garden. We have just closed on the apartment, and renovation will commence in the next few days. We are shooting for a completion date around December 1, 2007. The photos below are of the existing apartment (before the renovation). some photos taken at the pre-closing walkthrough on August 14th.



Located just steps from the popular pedestrian only street of rue des Rosiers, this apartment is literally just a few minutes by foot from the Metro (Saint-Paul), the Seine, Place des Vosges, and several wonderful museums, including the Musée Picasso and Musée Carnavalet. Walk through history as you enjoy the ancient hotels particulier which have been around since the earliest days of the city, like Hotel de Sens and the Hotel Sully. The Marais is truly the heartbeat of Paris!


Services of every kind are just a minutes walk away, including the fresh fruit market, bakery, cafes, and boutique shops of every shape and size.

After a relaxing morning shopping the local markets, enjoy whipping up your own culinary delight in the remodeled kitchen with granite counters, full oven, microwave, and gas cooktop stove. Your efforts will be well presented on gorgeous bone china, accented by a nice bottle of wine served in fine rim crystal stemware. Afterwards, cleanup is a breeze with your top of the line stainless Miele dishwasher. Of course, the granite countertops provide a durable yet elegant work surface that every chef appreciates.

Enjoy dinner with your family in the spacious, high ceilinged dining room, gazing out onto the tranquil garden setting, while you talk about your day's ventures around the City of Light. Afterwards, perhaps a digestif in the sumptous living room, highlighted by plush leather sofas, maybe catching up on world events on your flat screen HD television.. or perhaps the soft Parisian sounds of Edith Piaf in the background on the CD/DVD player with surround sound. Don't worry, it's all right there. Catch up on your e-mail with the provided laptop computer, or grab the cordless phone and call the relatives back home. No need to worry.. it's free!

When you're ready to call it an evening, enjoy the luxurious marble bathroom with it's full walk- in shower, then it's a good night's sleep between the velvety soft Egyptian cotton sheets. Forget about sirens, trash trucks and party revelers keeping you awake.. your abode is a world away overlooking the quiet courtyard.

No one likes doing the laundry. We try to make it easy, utilizing a top quality Siemens front load washer and dryer. No dragging bags of laundry to the laundromat and spending half a day of your valuable time watching the clothes go round and round. Here, you can do it on your schedule, without a worry of clothes disappearing mysteriously.

Your place in Paris. This is the Paris experienced by those in the know. Not the tiny crowded hotel rooms that Paris is famous for; not even the apartment rental with the cheap rental furniture and even cheaper choice of appliances. No, this is your home, your pied-a-terre in Paris. Even better, you didn't have to spend a fortune on it! Welcome to Jardin Saint-Paul.

NOW FOR SOME OF THE NITTY GRITTY

Estimate of Annual Dues per Share:

Taxes fonçiere

580
Taxes Habitation

680
Insurance -Contents

480
Insurance - Structure

200
Utilities (Gas/Electric)

2,400
Bldg HOA dues

1,100
Legal/Accounting

1,200
Guest Turnover

600
Maintenance

2,400
Management

200
Telephone/Cable/DSL

400
Supplies

1,200
Reserves (FFandE)

2,000
TOTAL ANNUAL COST: 13,440€ divided by 12 = 1120 euros per share for the 1st year.
Brief Description: 30 words max
Offer Includes: Price includes everything except annual dues.
Our Opinion: A sensible legal structure, fair annual charges, a good track record.
We believe this is a good buy.
Local Transport: Roissy - Charles de Gaulle International airport is approximately 30 minutes by car.

Property Features
Air Conditioning
Cable/Satellite TV
Central Heating
Dishwasher
Elevator
Fireplace
Fitted Kitchen
Hardwood Floors
Highspeed Internet
Microwave
Secure Entry System
Sound System
Tiled Floors
Washer/Dryer

Community Features
Association Fee
Bike Paths
Controlled Access
Courtyard
Public Transportation


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Re. Elegant 2BR apartment in the Marais, Ref 29

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Listed by: steve navaro