ZIP Code: 60318
City or town: Frankfurt am Main
City district: Nordend-West
Federal country: Hessen
Asking Price: € 585,000.00
Price per sqm living or other space: € 4,795.00
Asking price for parking place: € 25,000.00
Brokerage commission incl. VAT (% of notarized purchase price): 5.95 %
Commission payable by: Buyer
Note on the commission: The buyer pays at the conclusion of the notarial deed a commission in the amount of 5.95% of the authenticated purchase price.
In a nutshell:
High-rise apartment, top Nordend location; to modernize but in this location absolutely worthwhile
Year of construction: 1973
Size of Landplot: 3,504.00 m²
Detailed description of the object:
The apartment is located in a building complex of high-rise architecture of the seventies, with swimming pool, sauna, underground parking. It is located on the 4th floor, has two loggias, and in its current layout two bedrooms, a living room, a dining room, the kitchen, the entrance hall, a cloakroom, a guest toilet and the bathroom. The kitchen is equipped with a fitted kitchen, which can remain in the apartment without extra charge, if desired. The current apartment layout offers scope for some changes and a modern layout.
The bedrooms have their own hallway and the master bedroom has its own loggia. This also has a practical storage room.
Type and age of windows: Plastic double glazing, recently redone
Year of essential refurbishment (Kernsanierung): 2017
Kind and extent of refurbishments: The community of owners has already seen to a number of refurbishments and modernizations, including the swimming pool, and the renovation of the balconies in 2016-2017. See the protocols for more information. The necessary special contributions have been paid. The work has been completed.
Parking in underground garage
Comments regarding parking situation:
The apartment has a parking space on the upper level of the underground car park; the driveway is in Schwarzburgstraße.
Stepless access: Yes
Description of location:
The location is absolutely great. Nordendstraße is one of the best residential areas in Frankfurt, where prices have skyrocketed in the last 10 years. In four minutes you are in Holzhausenpark. The underground line 5 stops 100m away. The Deutsche Bibliothek can be reached in 5 minutes; the Bürgerhospital as well. Eckenheimer Landstraße, located around the corner, offers supermarkets, restaurants, pizzerias, cafes, small shops; in the immediate vicinity are Schwarzburgschule (elementary school), Musterschule, the University of Applied Sciences, numerous kindergartens. The Holzhausen Park and the Glauburgpark always invite one with their recreational values and playgrounds as well as occasional events or parties.
Public transport connection: With the underground line 5 you are in a few minutes on the pulse of the international business world, which is represented in Frankfurt.
Connection to traffic routes by car:
By car, you are quickly on the highway 66 or 661.
General noise level of location: Alive
Supplement to noise level:
The apartment itself is quiet.
Child friendliness of the location: The Nordend is the most popular district of families and very child-friendly designed.
Development of bicycle routes: In Northrend numerous bike paths are developed.
Date of Energy Performance Certificate: 5 Feb. 2009
Type of energy performance certificate: Residential building consumption certificate
Residential Building - Final Energy Value: 188 kW/m²*a
Energy consumption for hot water included: included
Main energy source: Natural gas
Year of Construction of the Heating System: 1973
Type of heating and warm water preparation: Gas
More options on heating: The two boilers of the heating as well as the control were renewed in 2009/2010. The burners are BJ
Living area: 122.00 m²
Source or reference to the floor space information: The living space was determined on the basis of the submitted floor plan.
Owner used: Yes
Rented out (details):
Type of Condo: Apartment
Co-ownership shares: 164/10.000 MEA
Share of property on the land in %: 1.64 %
Monthly housing fee: € 829.00
How much (in EUR) of sinking fund payment already included in housing fee: € 341.66
In case of renting out: Payable amount by tenant: € 330.00
Source of these informations: Business plan 2018
Sinking fund amount approx.: € 150,942.24
Reserve fund amount is per: 31.12.2017
(More) informations on maintenance reserve fund: In 2017, almost 1 million € (966.238,69) was withdrawn from the reserve for necessary refurbishment measures in and around the building. Further repairs concern the modernization of the lifts which are estimated at about 100.000,- €. The flat is sharing 1.64% of all costs of the common property.
Number of rooms (German counting): 4.00
Number of bathrooms: 1
Guest WC (powder room): 1
In which floor (groundfloor=0): 4
Kitchen built in: Yes
Notes regarding built-in kitchen: No new kitchen
Renovations to be done in the flat:
Comprehensive modernization or renovation is recommended
Balcony, Terrace, Loggia: Yes, 2
Special use rights: 1 parking space in underground garage (no dupex parking!)
Number of flats in the block: 45
Further hint regarding other than apartment units: The property consists of three blocks of buildings. The total property comprises 111 units, of which 6 are commercial units.
Type of Land plot: Development land
Further redevelopment of community property is planned (eg elevators), hence the high payment to the maintenance reserve
Status at handover: vacant
Available as of: immediately
Annual land tax: € 629.76
Heating cost p.yr.: € 1,300.00
Other operating costs p. yr.: € 4,541.00
Comment to the cost positions: The billing for the year 2016 and 2017 and the business plan 2018 are available and can be made available. By the way, a larger refund was paid to the owner in the recent cost balancings.
Land value per sqmeter: € 4,300.00
Comments or hints concerning building or planning rights:
Ground reference value is by land value card of the Expert Committee Frankfurt on 1.1.2018.
Public encumbrances: There are no building charges (Baulasten) (according to online information)
What is the outstanding feature of this property:
Location, location, location
About reason for sale: Age reasons
Appointments for viewings: At any time possible, as the apartment is not inhabited and we have keys