Apartment building (11 residential units) with garage
Schillerstraße 2, 09322 Penig, Sachsen
Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.
Appraised value
€370,000
Auction date
20 October 2026
11:00
Appraised value
€370,000
Minimum bid: below €185,000 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €259,000 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.
Auction date
20 October 2026 · 11:00
Local court
Auction venue
Gerichtsstraße 2, 09112 Chemnitz / Raum: 3.007 Sitzungssaal
Case number
0023 K 0234/2022
Procedure
Foreclosure auction
Next steps
Tuesday, 13 October 2026
- €37,000 (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)
Tuesday, 20 October 2026
- 11:00
- 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
€275,317
€259,000 purchase price + €16,317 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. €13,131 (~5.1%)
Estimates. They create no legal claim.
Key facts
Property type
Mehrfamilienhaus
Living area
638.44 m²
Price per m²
€580
Plot size
500 m²
Year built
1902
Occupancy
Let
Town
09322 Penig
Property description
Apartment building with 11 flats and garage at Schillerstraße 2 in 09322 Penig, built around 1902 with refurbishment and modernisation works around 1997. According to the report, the property lies in a flood-risk area and has a living area of approximately 638 m².
As of the reference date of 1 September 2025, 6 of 11 residential units were let, with net cold rent amounting to 22,327.68 euro per year. Individual flats were renovated and re-let as part of the compulsory administration, including flat no. 4.
According to the surveyor, the condition of the property is marked by the need for renovation, visible among other things in efflorescence in the plinth wall area, worn floor coverings, cracks in the tiled floor and rotten roof window frames. The market value was determined without taking into account any items found on site and without entries in Section II of the land register.
Klaava Pro
What Pro adds for this property
- 6 findings from the appraisal
- Land register: Sheet, Cadastral district
- Timeline of modernisation work, with years
- Energy: Heating type, Energy source
- 3 more key facts
- 32 more photos of this property
Official property description
The court’s wording
Mehrfamilienhaus mit 11 Wohnungen, Bj. um 1902, Sanierung um 1997, unterkellert, Gesamtwohnfläche ca.638 m²; weiter vorhanden: Garage Bj. unbekannt (DDR-Zeiten oder früher); z.Z. der Begutachtung 6 von 11 Wohnungen vermietet
English translation
Apartment building with 11 flats, built around 1902, refurbished around 1997, full basement, total living area approx. 638 m²; also present: garage, year of construction unknown (GDR era or earlier); at the time of the survey 6 of 11 flats were let
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
Findings of the surveyor · 6 findings
- Interior fit-out (2)
- Roof
- Grounds
- Plumbing
- Facade
Read out of the market value report written by the court-appointed surveyor.
