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64720 Michelstadt - Hessen
Property Description Are you looking for a house with plenty of space and many rooms? Do you have some handyman skills and can do a lot of things yourself? Then take a closer look at this large house. Built in 1980 in solid construction on a leasehold plot owned by the Evangelical Church, the house has approximately 213 m² of living space according to the building permit. Over the years, an additional 115 m² of existing usable space has been converted into living space. Most recently, 4 residential units were used: 2 large apartments on the first and second floors, a small apartment on the top floor, and a medium-sized apartment in the basement. The residential units have water and electricity meters as well as heat meters. In addition, there are basement rooms, 4 garages, and 4 parking spaces. The property is already free of rent and will be vacated shortly. Please note that this is a leasehold property. The annual ground rent for this property will be approximately €2,616 from 2025 (approximately €218 per month). Price Thoughts Considering the size of the property, the number of rooms, and the additional living space that has been created over the years, the asking price of €389,000 seems reasonable. However, potential buyers should take into account the leasehold status of the property and the annual ground rent that will need to be paid starting in 2025. It is important to weigh the benefits of the property against the long-term financial commitment required by the leasehold agreement.
64720 Michelstadt - Hessen