Condominium with terrace and garden share
Michaelstraße 37, 09116 Chemnitz, Sachsen
Up for auction: a single apartment inside the building
Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.
Appraised value
€168,000
Auction date
29 October 2026
10:00
Appraised value
€168,000
Minimum bid: below €84,000 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €117,600 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.
Auction date
29 October 2026 · 10:00
Local court
Auction venue
Saal 2.018, Amtsgericht Chemnitz, Gerichtstraße 2, 09112 Chemnitz
Case number
0024 K 0186/2023
Next steps
Thursday, 22 October 2026
- €16,800 (10% of the appraised market value)
- By bank transfer to the court cash office
- The court must have the money before the auction starts
Alternative: a crossed cheque or a bank guarantee at the hearing (§ 69 ZVG)
Thursday, 29 October 2026
- 10:00
- Amtsgericht Chemnitz in Sachsen
approx. December 2026
The court sets the deadline, roughly 6 weeks after the award
Documents
Official court records, free to download.
Klaava Pro reads them for you: condition, defects, land register and valuation.
The ZVG portal only serves case pages inside its own site, so this route goes through Klaava.
The data comes from zvg-portal.de, the official portal of the German federal states.
Closing costs
Bid amount
State
Total investment
€125,434
€118,000 purchase price + €7,434 closing costs
10% of the appraised market value (§ 68 ZVG). You lodge it before the auction date. On award it counts towards your bid, otherwise you get it back. That is why it sits outside the total above.
No estate agent, no notarised purchase contract. Saving against a normal purchase approx. €5,983 (~5.1%)
Estimates. They create no legal claim.
Key facts
Property type
Eigentumswohnung
Living area
92.75 m²
Price per m²
€1,811
Year built
2001
Rooms
3
Occupancy
Let
Town
09116 Chemnitz
Property description
Three-room flat on the ground floor of a high-quality residential complex from 2001 in Chemnitz-Altendorf, approx. 2.5 km west of the town centre in a good residential location with a park-like plot and mature trees. The flat has a living room with open-plan kitchen, two bedrooms, bathroom with tub and shower, guest WC and a south-facing terrace with a view of the park grounds. The flat has been regularly maintained since its year of construction, is fitted with underfloor heating and modern central gas heating, and comes with a garden area and cellar room.
The flat has been let since May 2002 to an original tenant; the service charge (Hausgeld) is 334.00 euros per month including the reserve fund contribution. The residential complex comprises a total of 12 residential units and 19 underground parking spaces with an established maintenance reserve.
The structural condition is well maintained and in good repair, the fittings are to be rated medium to upscale. Amenities, kindergarten, schools and doctors are within walking distance, and transport links are good with a bus stop (approx. 10 minutes' walk) and the A72 motorway (approx. 4 km).
Klaava Pro
What Pro adds for this property
- 7 building elements with their own condition rating
- Land register: Sheet, Cadastral district
- Timeline of modernisation work, with years
- Energy: Final energy consumption, Heating type, Energy source
- 3 more key facts
- 7 more photos of this property
Official property description
The court’s wording
Dreiraumwohnung mit Terrasse und Gartenanteil im EG im Haus Nr. 37, Wohnfläche ca. 93 qm, zum Wohnzimmer offene Küche; in Wohnanlage bestehend aus 2 Mehrfamilienwohnhäusern mit je 6 Wohnungen, Bj. 2001, gute Wohnlage in parkartigem Grundstück, Wohnung in gutem gepflegten Zustand, Ausstattungsstandard mittel - gehoben; Wohnung bei Begutachtung vermietet
English translation
Three-room flat with terrace and garden share on the ground floor in house No. 37, living area approx. 93 m², kitchen open to the living room; in a residential complex comprising 2 multi-family residential buildings with 6 flats each, built 2001, good residential location on a park-like plot, flat in good, well-maintained condition, fittings standard medium to upscale; flat let at the time of inspection
Wording of the local court, taken from the official auction notice.
All information is given without warranty. The information shown was extracted automatically from official documents using AI and can be incomplete or wrong. Klaava accepts no liability for decisions made on the basis of this data. Only the official notices of the competent local court and the valuation report are authoritative.
What the surveyor's report says
Building condition
Good
As at the valuation date, the buildings are in good, well-maintained structural condition with regular upkeep and no identified value-relevant defects.
Read out of the market value report written by the court-appointed surveyor.
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