Monday, July 31, 2006

FACTS AT A GLANCE
Dolce by the Lakes is a condominium conversion consisting of 1, 2 and 3 bedroom homes.
Our seller is Prestige Builders Developers, a recognized builder in Nevada, Arizona, Florida and North Carolina. With over 37 active communities and over 9,500 homes under construction, our buyers feel confident purchasing from such a prominent company.
The look and feel of Dolce is a spa-like, relaxing environment. Our community is unique in that we have an indoor swimming pool and jetted spa inside our clubhouse, along with a sauna, steam room, showers and state-of-the-art fitness center for our homeowner’s enjoyment.
Dolce is located 7 miles from the world-famous Las Vegas Strip, across the street from The Lakes, a prestigious, well-established community and next door to Summerlin, the number one selling master-planned community in the United States for the last 15 years. What this means to you is that anything you want to do – fine dining, shopping, entertainment – is literally right outside your door.
All of our homes include new granite, new maple cabinetry in a Shaker style, new Frigidaire stainless steel appliances (smooth ceramic top range and oven, refrigerator/freezer, dishwasher and microwave), new carpet and padding, wood-grain vinyl flooring, two-tone paint and new 40 gallon hot water heater. Each home includes one covered, assigned parking space, and there is abundant parking available for guests.
There are also two outdoor pools, an outdoor jetted spa, BBQs and picnic areas throughout the community. All homes on the top floor have a wood-burning fireplace.
There are 358 homes and the current base prices are:
1 bedroom - $149,900 (704 sq. ft. including balcony)
2 bedroom - $189,900 (1,016 sq. ft. including balcony)
3 bedroom - $232,000 (1,154 sq. ft. including balcony)
If you purchase an unrefurbished home, seller will make sure existing appliances are in working order, clean or replace countertops and carpeting as necessary, and paint – you can deduct $8,000 from the 1 bedroom price, $9,000 from the 2 bedroom price and $10,000 from the 3 bedroom price.
Pricing options
Pool/Clubhouse - $7,000
Upstairs - $5,000
Corner - $1,500
Greenery - $2,500
Various locations - $3-5,000
Homeowner’s Association Fee:
$140/month (water, sewer and trash billed separately) includes:
Gated entry, 70 channels of DirectTV satellite TV, property insurance (except for the inside of your home), grounds maintenance, pest control (exterior of homes), indoor and outdoor pools (3 total), jetted spas (2), sauna, steam room, fitness center, BBQ and picnic areas
Water, sewer, trash (approximate):
$20/month on 1 bedroom
$25/month on 2 bedroom
$30/month on 3 bedroom
Pet restrictions
2 pets – 80 pound maximum combined weight
Earnest Money Deposits
Depending on how you choose to purchase, this will determine the amount of earnest money required. By using one of our preferred lenders, you enjoy a lower earnest money deposit, as well as a new Frigidaire white-on-white top-loading washer and dryer.
Owner Occupied with our preferred lender - $3,000, washer and dryer and up to 3% contribution of base price towards closing costs
Owner Occupied using an outside lender - $7,000 (no loan contingency)
2nd Home and Investor with our preferred lender – 5% of purchase price, washer and dryer and up to 3% contribution of base price towards closing costs
2nd Home and Investor using an outside lender – 10% of purchase price (no loan contingency)
Rentals
If you purchase as an investor, you can use the following rents for a refurbished home:
1 bedroom - $845
2 bedroom - $950
3 bedroom - $1,070
Add $10/month for third floor homes and adjust for premium locations as well.
Preferred Lenders
Our preferred lenders are Premier Mortgage, Countrywide Home Loans and Meridias Capital and we will be happy to get you prequalifed so you can estimate your monthly payment.