Multi-family house in need of renovation
Dr.-Külz-Straße 8, 01589 Riesa, Sachsen
Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.
Appraised value
€122,000
Auction date
12 October 2026
13:00
Appraised value
€122,000
Minimum bid: below €61,000 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €85,400 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.
Auction date
12 October 2026 · 13:00
Local court
Auction venue
Saal N 1.18, Amtsgericht Dresden, Roßbachstraße 6, 01069 Dresden
Case number
0520 K 0028/2024
Next steps
Monday, 5 October 2026
- €12,200 (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)
Monday, 12 October 2026
- 13:00
- Amtsgericht Dresden in Sachsen
approx. November 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
€90,355
€85,000 purchase price + €5,355 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. €4,310 (~5.1%)
Estimates. They create no legal claim.
Key facts
Property type
Mehrfamilienhaus
Living area
214.25 m²
Price per m²
€569
Plot size
510 m²
Year built
1920
Occupancy
Owner-occupied
Town
01589 Riesa
Property description
Small multi-family residential building of solid construction, estimated year of construction 1920, centrally located in the town centre of Riesa on Dr.-Külz-Straße, near Rathausplatz, Stadtpark and Elblandklinikum. The three-storey building with a fully developed basement and flat roof was partially renovated around 2000 and was most recently used as a small guesthouse.
The house comprises five small residential units: a 4-room apartment on the ground floor with kitchen and shower/WC, and four 2-room apartments with kitchenette on the upper floors. The property is completely vacant as of the valuation date, with no rental or lease agreements in place.
There is a need for repair and modernisation, among other things to the heating system, electrics and interior fittings, and rising damp in the masonry has also been found in the basement and the ground-floor apartment. The central town-centre location offers potential for re-letting in the lower price segment once the necessary renovation works have been carried out.
Klaava Pro
What Pro adds for this property
- 6 findings from the appraisal
- Valuation: Cost approach, Income approach, Property yield rate
- 1 entry in section II, meaning encumbrances and restrictions
- 6 units with floor area, actual rent and market rent
- Timeline of modernisation work, with years
- Energy: Energy rating, Final energy consumption, Heating type, Energy source
- 3 more key facts
- 7 more photos of this property
Official property description
The court’s wording
kleines teilsaniertes Mehrfamilienwohnhaus in Massivbauweise mit 5 Wohneinheiten, Wäscheboden und bitumengedeckten Flachdach, Baujahr geschätzt 1920, Teilsanierungen um 2000, 2020, mit der Nachfolgenutzung als kleine einfach ausgestattete Pension, Gebäude voll unterkellert, Erdgeschoss 4-Raum-Wohnung mit 68,63 qm, 1.OG links 2-Raum-Wohnung mit 36,49 qm, 1.OG rechts 2-Raum-Wohnung mit 36,32 qm, 2.OG links 2-Raum-Wohnung mit 36,49 qm, 2.OG rechts 2-Raum-Wohnung mit 36,32 qm
English translation
small partially renovated multi-family residential building of solid construction with 5 residential units, laundry loft and bitumen-covered flat roof, year of construction estimated 1920, partial renovations around 2000, 2020, with subsequent use as a small, simply equipped guesthouse, building with a fully developed basement, ground floor 4-room apartment with 68.63 sqm, 1st floor left 2-room apartment with 36.49 sqm, 1st floor right 2-room apartment with 36.32 sqm, 2nd floor left 2-room apartment with 36.49 sqm, 2nd floor right 2-room apartment with 36.32 sqm
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
Average
The building was partially renovated around 2000; since then the front door and the bitumen roof covering were renewed in 2020.
Construction
Massivbau, voll unterkellert. Flachdach mit Bitumeneindeckung, zuletzt erneuert 2020. Vorrangig Kunststofffenster mit Isolierverglasung, teils noch alte Holzfenster.
Findings of the surveyor · 6 findings
- Basement
- Electrics
- Heating
- Roof
- Interior fit-out
- Grounds
Read out of the market value report written by the court-appointed surveyor.