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7 bed villa for sale in Arona, Spain, 550 m²

7 bed villa for sale in Arona, Spain, 550 m² - photo 1
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Price€3,900,000
TypeVilla
Covered area550 m²
Land area7000 m²
Beds7
Bath7
Rooms8
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Environment

7 Bedroom Villa

Exclusive design and layout of the villa with 3 separate houses located in the Parque de la Reina is the Diamond of High Standar of Living, until the mid-90s was the most exotic construction in the south of the island. Until today, this object is special and in fact quite unique. The total area of ​​the “Las Mananitas” complex is -0,859 hectares. Area of the main villa-350 m2. Room with an office and a toilet and a stairway leading to the living room with a bathroom and shower, a library, a fully equipped kitchen extra-suite with a storage room, bedroom leads to large dressing room and a covered terrace, bathroom All rooms have air conditioning.
House: 114m2, includes a room with a living room and a large dining room with a covered terrace, kitchen, bathroom, bedroom with bathroom, interior storage 600m2 space, located between the villa and the house has a 77m2 pool, Jacuzzi and showers, a bar with a mini kitchen, a covered terrace, tropical hut for rest, toilet.
Garden of 7000m2. It has 2 terraces and a pond, it is one of the Most beautiful private gardens in Tenerife.
Technical facilities: Deck, 3 parking spaces, garden pond, a technical room for the garden, with shower and toilet office, laundry area.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
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