House for sale in Saalfeld/Saale, Germany

Property description: A Renaissance castle with 10 apartments, living and usable areas of 890/1,070 m², including a terrace and winter garden. Also included is a gatehouse with a living area of 117 m², outbuildings, a barn, and 10 parking spaces. The building dates back to 1534, is listed as a historical monument, and was renovated before 2000. The property also includes wooded areas. Heating is provided by a wood stove, partially by electric heaters and oil stoves, while the gatehouse uses an oil central heating system. Due to the nature of the property, a physical inspection was not possible. Renovation work is necessary, including heavily damaged exterior plaster and wide, significant vertical cracks in the facade. Thoughts on price: The property is being auctioned by the relevant local court with a market value of 274,700.00 EUR. Buyers have the potential to secure a 30% discount on the market value, thus paying only 192,290.00 EUR for the property mentioned above. Notary fees and agency fees are also waived in this transaction. This property presents a unique opportunity for buyers looking to acquire a historical property with potential for restoration and development at a discounted price. Contact us for more information and to receive our monthly real estate auction catalog.