Condominium (leasehold apartment right, Wohnungserbbaurecht) in need of refurbishment
Ringstr. 10a, 58091 Hagen, Nordrhein-Westfalen
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
€61,500
Auction date
13 November 2026
09:00
Appraised value
€61,500
Minimum bid: below €30,750 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €43,050 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.
Auction date
13 November 2026 · 09:00
Local court
Auction venue
Amtsgericht Hagen, Hauptgebäude, Heinitzstr. 42/44, 58097 Hagen, Etage 1, Sitzungssaal 143
Case number
0031 K 0047/2025
Next steps
Friday, 6 November 2026
- €6,150 (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)
Friday, 13 November 2026
- 09:00
- Amtsgericht Hagen in Nordrhein-Westfalen
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
€46,139
€43,000 purchase price + €3,139 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. €2,180 (~5.1%)
Estimates. They create no legal claim.
Key facts
Property type
Eigentumswohnung
Living area
70.67 m²
Price per m²
€870
Year built
1971
Rooms
3
Occupancy
Let
Town
58091 Hagen
Property description
Ground-floor right condominium in the multi-family house Ringstraße 10b in Hagen-Rummenohl, built 1971/72. The building is part of a two-storey residential complex with a total of 16 residential units and was constructed as a solid twin block with basement and four levels.
The flat offers a living room, bedroom, room, kitchen, bathroom, guest WC, hallway and an associated cellar room. The flat is let as at the valuation date. A parking space does not belong to the condominium; the property has eight parking spaces available for general use.
The condominium is structured as a leasehold apartment right (Wohnungserbbaurecht). The condition of the building shows facade render damage and discolouration. An internal inspection was not possible; the valuation is based on external impression and inspection of the building files.
Klaava Pro
What Pro adds for this property
- 2 findings from the appraisal
- Valuation: Income approach, Property yield rate
- Land register: Sheet, Cadastral district
- Energy: Heating type, Energy source
- More key facts: Remaining useful life and 2 more
- 10 more photos of this property
Official property description
The court’s wording
Laut Gutachten: Am Bewertungsstichtag vermietete Eigentumswohnung (Wohnungserbbaurecht) im EG rechts des Hauses Ringstr. 10b mit einer Größe von 70,67 m² im Hagener OT Rummenohl in einer Eigentumswohnanlage mit insgesamt 16 Wohnungen. Bj. ca. 1971/1072. Die Wohnung verfügt über Diele/Abstellkammer/Flur, Gäste-WC, Küche, Zimmer, Bad, Schlafzimmer, Wohnzimmer und Keller. Zum Objekt gehört keine Garage/keinStellplatz. Es sind Baumängel/Bauschäden vorhanden. Eine Innenbesichtigung war dem Sachverständigen nicht möglich.
Bei dem betreibenden Gläubiger handelt es sich um eine Behörde. Ein Ansprechpartner ist daher nicht zu benennen, da dieser weder weitere Auskünfte erteilen, Verkaufsgespräche führen, noch eine Besichtigung vermitteln kann.
English translation
According to the report: Condominium (leasehold apartment right, Wohnungserbbaurecht) let as at the valuation date, on the ground floor right of the house Ringstr. 10b with a size of 70.67 m² in the Hagen district of Rummenohl in a condominium complex with a total of 16 flats. Built approx. 1971/1072. The flat has a hallway/storage room/passage, guest WC, kitchen, room, bathroom, bedroom, living room and cellar. No garage/parking space belongs to the property. Building defects/damage are present. An internal inspection was not possible for the expert.
The enforcing creditor is a public authority. A contact person is therefore not to be named, as this authority can neither provide further information, conduct sales discussions, nor arrange a viewing.
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
Construction
Massiver Gebäudekomplex bestehend aus zwei aneinandergebauten Mehrfamilienhäusern mit Kellergeschoss, Erdgeschoss und drei Obergeschossen. Mauerwerk teilweise mit Leichttrennwänden, Stahlbetondecken, massives Treppenhaus. Fassaden z.T. verputzt, z.T. bekleidet. Kunststofffenster mit Isolierverglasung, teilweise mit Rollläden. Öl-Zentralheizung mit Warmwasserversorgung.
Findings of the surveyor · 2 findings
- Facade
- Interior fit-out
Read out of the market value report written by the court-appointed surveyor.
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