As is value $400,000.
This property is 1000 sq meters and about 100 meters from the beach at Nosara, Guanacaste, a popular Costa Rican tourist beach. There are many hotels, restaurants and shops on the same street. An empty lot across the street approximately 2000 sq. meters was sold for $500,000.
The borrower has owned the property for 8 years. He first rented from Municoncha (Hotel Villa Taype) for the first year with the option to buy after this period for $100,000.
