Hagen: Foreclosure auctions of real estate - dates and details

Hagen: Foreclosure auctions of real estate - dates and details

According to a report from www.wp.de, several properties in Hagen are being foreclosed on. These are a two-family house in Hohenlimburg, a residential/commercial building on Buscheystrasse, a condominium on Untere Lindenstrasse and another condominium on Reichsbahnstrasse. The auction dates are scheduled for the end of November and December.

The two-family house in Hohenlimburg has a market value of 239,000 euros and consists of a two-story three-family house with an apartment on the ground floor and a combined apartment on the upper floor and attic. The house is estimated to have been built in 1907. Further details about the condition of the house are not known due to the lack of an inspection.

The residential/commercial building on Buscheystrasse has a market value of 335,000 euros and consists of shops on the ground floor and apartments on the upper floors. The building was estimated to have been built between 1914 and 1919, there are construction defects and structural damage, and there are still development contributions according to the BauGB.

The condominium on Untere Lindenstrasse has a market value of 50,000 euros and consists of a hallway, bedroom, storage room, living room, kitchen, bathroom and loggia. The year of construction of the apartment is estimated to be around 1964, and there is an entry in the suspected contaminated area register.

The condominium on Reichsbahnstrasse has a market value of 61,000 euros and consists of a living/dining room, bedroom, children's room, kitchen, bathroom, hallway and storage room. The apartment was built around the beginning of the 20th century and there is an entry in the building burden register.

These foreclosures could have an impact on the real estate market in Hagen. Prices for comparable properties in the area may be affected as potential buyers may wait for cheaper foreclosures. This could also lead to a higher supply density on the market, which in turn could have a negative impact on prices.

It is also possible for investors to take advantage of this opportunity to purchase properties at a reduced price and then renovate or remodel them to achieve a higher selling price.

Overall, it remains to be seen how these foreclosures will affect the real estate market in Hagen. However, it is likely that they will impact supply and prices in the region.

Source: According to a report from www.wp.de: https://www.wp.de/staedte/hagen/hagen-diese-haeuser-und-wohnungen- Werden-zwangsversteigert-id239874561.html