House for sale in Neckargemund, Germany

Property Description: This 1- to 2-family house is spread over one floor with a basement and converted attic, offering a total living space of 202 m² and a usable area of 84 m², including an extension and a garage with 32 m² of space. Originally built in 1935, with expansions and renovations in 1963, 1970, and 1973. The layout of the rooms includes various spaces such as bedrooms, bathrooms, kitchen, living room, terrace, and balcony. The property is heated and provides hot water through an oil central heating system. The outdoor area is currently in a neglected state and not used for gardening. Due to its proximity to the Neckar river and flood areas during high water, there are noticeable moisture damage on the basement walls. Additionally, there are issues such as algae formation on the balcony floor and cracks on the north facade. Price Thoughts: The property is listed for sale at a price of 218,000 EUR, but there is an opportunity to secure a 30% discount on the appraised value, bringing the cost down to 152,600 EUR. This could potentially make it a more attractive investment for buyers willing to address the existing maintenance issues and make necessary repairs. Additionally, there are no additional notary fees or agent commissions involved in the purchase, making it a cost-effective option for those looking to acquire a property at a reduced price.