ZIP Code: 60318
City or town: Frankfurt am Main
City district: Nordend-West
Federal country: Hessen
Asking Price: € 510,000.00
Comment on purchase price: Price lowered significantly!
Price per sqm living or other space: € 4,180.00
Parking possibility: Underground car park
Asking price for parking : € 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:
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, two bedrooms, a living room, a hallway, kitchen, the hall, cloakroom, guest bathroom and bathroom.
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, renewed just a few years ago
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.
Other data to the property:
The location is unique. Everything for daily needs is available within walking distance.
Disabled accessible: Yes
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. The airport Rhein-Main International is about 20 minutes drive.
General noise level of location: Medium
Supplement to noise level:
The apartment 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: 2010
Year of system installation comment: The central heating system was renewed by a few years.
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.
Age of heating system (approx): 8 years
Billing for heating and hot water: The billing is done by an external company.
In which floor (groundfloor=0): 4
Total number of floors with GF and possibly DG: 8
Approx. 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):
Number of rooms (German counting): 4.00
Number of bathrooms: 1
Guest WC (powder room): 1
Height of rooms (in m): 2.50 m
Balcony, Terrace, Loggia: Yes, 2
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
Note: A total of € 410 of the monthly home allowance is earmarked for maintenance reserve account and repairs.
In case of renting out: Payable amount by tenant: € 330.00
Source of these informations: Business plan 2019
Sinking fund amount approx.: € 150,942.24
(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.
Reserve fund amount is per: 31.12.2017
Renovations to be done in the flat:
Comprehensive modernization or renovation is recommended
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.
General information on the renting situation: The apartment is not rented. It has been used since construction by the owners themselves.
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
Comment to the cost positions: The billing for the year 2016 and 2017 and the business plan 2019 are available and can be made available. By the way, a larger refund was paid to the owner in the recent cost balancings.
Freehold or Leasehold: Freehold
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:
The location is the salient feature of the property.
About reason for sale: Age reasons
Appointments for viewings: At any time possible, as the apartment is not inhabited