House for sale in Dresden, Germany

Property Description: This detached single-family house with two floors and a basement has 156 square meters of living space and 130 square meters of usable space. It also features an annex, which is a single-story building that is also basemented and used as a garage. The main building dates back to approximately 1930, but the exact year of construction is unknown. Unfortunately, the property is in poor structural condition and in need of maintenance. Evidence of vandalism damage is present, as well as significant amounts of waste and disorder inside the building. With a listing price of 340,000 EUR, this property is being auctioned by the local district court. However, there is an opportunity to secure a 30% discount on the appraised value, bringing the price down to 238,000 EUR. In addition, notary fees and agent commission are waived for this transaction, making it an even more attractive investment opportunity. This property is just one of many interesting real estate opportunities featured in our monthly IMMOBILIENVERSTEIGERUNGS-KATALOG (real estate auction catalog). For more information on this property or to explore other affordable properties, please contact us at 0221-97459790 during our business hours. Thoughts on the Price: Given the condition of the property and the potential for a significant discount on the appraised value, the listed price of 340,000 EUR offers a unique opportunity for investors or buyers looking to acquire a property in the sought-after location of 01259 Dresden. The discounted price of 238,000 EUR presents a compelling value proposition, especially considering the waived additional costs. With some renovation and maintenance work, this property has the potential to be a valuable asset for its future owner.