Four people (three European expats and one Canadian) ended up with the typical stucco villa in Italy’s Garibaldi capital of Padua for the sum of $399,000 after they got their first reading. “In the apartment blocks next door you can find $1 million houses,” says U.S. expat Ray Smith who was the brains behind the project.
Like others who are active on real estate sites, the group apparently registered a property with a real estate agent the day before the purchase. As the interior designer Tarla Dalva says, “The agent didn’t check out what kind of character it had, it’s a house for the community. It’s hard to come by a big house for the price of what we did.” What they actually bought in Turati is currently valued by the Italian estate agency at 250,000 Euros (more than $300,000 USD). (Their selling price was 45,000 Euros, or around $50,000.)
Here are more images:
Photos: Tarla Dalva
Country in Italy: Italy
Type of Land in Italy: Preserve: Woodlands/The countryside
Vertical Development: Village: 4+ apartments
Area: 34 hectares
Area: 2 dwellings
Architects: Dalva Architecture & Design, Italy
Implantation: Acrylic and Concrete
A-Frame (: )
Braces: Pin and Brace –
Driveway: Retro-
No. of Units: 10 (1 room with approximately 8 sq ft.)
Price Per Unit: 500 Euros ($567 USD)
TOTAL SITE: $299,000 ($399,000)
Location: El Pescador
Neighborhood: Garibaldi
Project Focused on: “The Unique Palazzo”
Appointment: March 13 – April 2
Contact: Emily Farrow and Jomana Sabbah
[email protected] / 954-758-8206; [email protected] / 954-758-8174