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1/4 or 1/13 shares, 3 bed, 2 bath, beautiful palazzo (townhouse) in Todi, Umbria, Italy

Username   bkwll Age of sharer 20-something From Canandaigua, NY, USA Wants to share Fractional Ownership - Europe Are you dreaming of a place to call "home" in Italy in 2010? If so, let me know - soon! Finding an affordable move-in ready 3 bedroom, 2 bath home anywhere in Italy has been a goal of mine for some time now. Who know why but prices in Italy seem to be at a premium over similar places in France. Well... hold onto your hat because my travelling partner and I stumbled on the most exquisitely beautiful palazzo (townhouse) in Umbria that one could possibly imagine. It is large (!) 220m2, superbly attired (!) although keep in mind that many of these possessions are generation-old Italian treasures and will need to be replaced with our own things, historic, with ruins from Roman foundations NOW, the question I pose you is this: I'm working on the feasibility of putting together a fractional at Palazzo Berti-Marino. The sellers are quite motivated and want to move ahead quickly. Are you interested in being a part of this?? There are two scenarios I foresee: Offering 13 four-week shares at a price in dollars of $79900 each. As such, your usage month would rotate forward by 3 months each year. For example, if you had January in 2010, you've have April in 2011, July in 2012, October in 2013, etc. The second option would be to find four equal owners, each of whom owned a quarter share of the finished apartment. In that case, the cost per quarter share would run around 150K euros for lifetime ownership. As far as time usage is concerned, I would suggest that each quarter share have the use of two prime time months (April-November ) and then one rotational winter month (from December - March). Right now with the today's rate, you'd be looking at roughly $210K. This is the kind of high end place that should rent out for between $400-500/night and that may be something to explore as well. There are five fireplaces, three fully functional, a fourth utilized for a kitchen wood-burning stove, and the fifth outfitted with an antique English 'electric fire'. Three of the fire surrounds are antique marble, one is handmade terra cotta and the last - in the kitchen - features a stone mantle and Tuscan cap. Todi will enchant you. I know it did me! About half way between Florence and Rome, Todi is a short drive from Pisa. A hilltop town which we accessed via an tram from the main parking lot, the city was alight with Christmas attire, including a lovely ferris wheel and merry-go-round. Located in.. Italy,  Todi Approx total value of asset EUR 600000 The ideal sharing agreement is... Sharing agreement required Joint ownership Share available or share wanted Share available Usage of the shared asset Specific periods Number of sharers up to 4 Price of share or max investment available EUR 150000 About the member advertising Private/Agent Agent View on smoking No answer Contact information If there is no contact information given, click Reply to ad, to register free & reply using our mailbox. Don't forget differences in time zones. Please mention yours2share in your reply. Phone 585 905 0849 Website http://www.frenchpropertyshares.com

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Ad posted  10/01/2010