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4 bed villa for sale in Majorca, Spain, 240 m²

4 bed villa for sale in Majorca, Spain, 240 m² - photo 1
4 bed villa for sale in Majorca, Spain, 240 m² - photo 2
4 bed villa for sale in Majorca, Spain, 240 m² - photo 3
4 bed villa for sale in Majorca, Spain, 240 m² - photo 4
4 bed villa for sale in Majorca, Spain, 240 m² - photo 5
4 bed villa for sale in Majorca, Spain, 240 m² - photo 6
4 bed villa for sale in Majorca, Spain, 240 m² - photo 7
4 bed villa for sale in Majorca, Spain, 240 m² - photo 8
4 bed villa for sale in Majorca, Spain, 240 m² - photo 9
4 bed villa for sale in Majorca, Spain, 240 m² - photo 10
4 bed villa for sale in Majorca, Spain, 240 m² - photo 11
4 bed villa for sale in Majorca, Spain, 240 m² - photo 12
4 bed villa for sale in Majorca, Spain, 240 m² - photo 13
4 bed villa for sale in Majorca, Spain, 240 m² - photo 14
Price€800,000
TypeVilla
Covered area240 m²
Land area600 m²
Beds4
Bath3
Rooms5
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Description

Luxury property in urbanization of Genova, within walking distance from the centre of Palma this is a great chance to buy high-end Villa close to the sea. In the immediate vicinity – has gorgeous beaches, a port, a respectable educational institution with international status and a Golf of several clubs.

Quiet, cozy neighborhood with little vehicle traffic. In the residential ensemble of five buildings. For property owners in a closed area with swimming pool, green garden in Mediterranean style Solarium and car Parking. Sold the building faces South, so the rooms are always excellent natural light.

The total area of land plot – 600 square meters, the Villa area of 240 square meters, excluding the terrace. The apartment has a large room for entertaining with dining area and direct access to the garden, hall, spacious kitchen, toilet for visitors, main bedroom with EN-Suite bathroom and dressing room, and three bedrooms and two bathrooms. You have the option of mounting the Elevator shaft and the fireplace.

The price of residential property is 800 thousand euros.

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
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Company Representatives
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