House for sale in Obermichelbach, Germany

Property Description Three-family house with three residential units, spread over two floors and an attic. The house has a basement and a total living area of 309 square meters and a usable area of 102 square meters. Additionally, there is a garage building with parking spaces for three cars (53 square meters of usable space), a garden house, and an open shelter. The building was constructed in 1972 and was modernized in the early/mid-1990s (windows) and 1997 (heating system). The layout includes a basement hallway, utility room, laundry room, and four basement rooms. On the ground floor, there is a hallway, guest toilet, four rooms, a bathroom/toilet, kitchen, and a terrace (109 square meters). The upper floor features a hallway, guest toilet, four rooms, a bathroom/toilet, and a balcony (106 square meters). The attic includes a hallway, guest toilet, four rooms, and a bathroom/toilet on 94 square meters. The house is heated by a gas heating system. It offers an average standard and corresponds to its age. Overall, it is well-maintained and in decent condition, although there is some need for repairs and maintenance, especially on the exterior staircase to the entrance and in the basement area where damages are present. Thoughts on Price The property is being auctioned by the local court with a market value of 680,000.00 EUR. There is a possibility of securing a 30% discount on the market value, resulting in a purchase price of only 476,000.00 EUR for the above-mentioned property. Additionally, notary fees and agency commissions are waived. This presents a great opportunity for potential buyers to acquire this property at a reduced price. If you are looking to invest in a property with potential for renovation and customization, this could be a promising option for you.