House for sale in Wald-Michelbach, Germany

Property Description: Detached single-family house with two floors and a basement, expandable attic, and a living space of 143.9 m². The house features an extension built around 1900, with another extension added in 1961. Renovations have been carried out since 2019, including the renewal of windows, electrical wiring, bathrooms, and general interior finishes. The property also includes an undeveloped garden with southern exposure. The layout consists of a basement with 3 rooms (including a boiler room) totaling 70 m², a ground floor with hallway, bathroom, kitchen, and a large living/dining area of 73 m². The upper floor includes a hallway, a chamber, and 4 rooms totaling 71 m² of living space. Heating is provided by an oil central heating system from 1997, equipped with a burner. There is also underfloor heating, and hot water for the kitchen is generated by an electric water heater. The house receives ample sunlight and natural light. Despite ongoing modernization works, they are not yet completed, and there are structural defects and damages to be addressed. These include unfinished interior finishes (missing floors, wall and ceiling coverings, unassembled sanitary fittings, incomplete electrical renovations), ceilings beams in need of repair, a worn staircase structure without a handrail, windows that have been purchased but not yet installed, and a lack of insulation. Price Thoughts: The property is priced at 251,400 EUR, being offered in a court auction. However, buyers have the potential to secure a 30% discount on the market value, bringing the price down to 175,980 EUR. Additionally, there are no notary fees or agency commissions to be paid. Despite the ongoing renovations and structural issues, this property presents a unique opportunity for buyers looking to acquire a spacious home with room for potential enhancements. With the possibility of obtaining it at a discounted price, this property could be a valuable investment for the right buyer.