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4 bed villa for sale in La Orotava, Spain

4 bed villa for sale in La Orotava, Spain - photo 1
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PriceCall for Price
TypeVilla
Beds4
Bath4
Rooms5
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Modern villa la Orotava

Environment
This extraordinary property is set on a hillside in the area known as "Los Gomez", quiet and private but at the same time, in a strategic position near all the major cities and touristic areas of Northern Tenerife as La Orotava with its historic center, Puerto de la Cruz, Garachico, and the Orotava Valley, in the foothills of the highest mountain of Spain, Mount Teide. In the evergreen Valley, the vegetation freshness summarize all your pores and where the clouds look down just to feel the pleasure of slipping on their way to the sea, breathe the purest of Tenerife.
Building
Beautiful four bedroom villa in La Orotava with spectacular views! The house comprises of lounge area on two levels, dining area, independent kitchen, elegant four bedrooms with en-suite bathrooms and lounge, a large basement with the laundry area, office with lounge, large-car garage up to four cars. The beautiful colonial garden of 5.000 m2 size enjoy a heated swimming pool with amazing views overlooking the ocean (Total size of the plot: 11.000 m2).

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%
Helga
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