Zweifamilienhaus in Olfen
Finkenbacher Straße 19, 64760 Olfen, Hessen
Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.
Appraised value
€110,000
Auction date
21 October 2026
11:00
Appraised value
€110,000
Minimum bid: below €55,000 (50% of the appraised value, five tenths in the wording of the statute) the court cannot award the property. Below €77,000 (70%, seven tenths) a party to the proceedings, a bank for instance, can block it.
Auction date
21 October 2026 · 11:00
Local court
Auction venue
Amtsgericht Michelstadt, Erbacher Straße 47, Saal 128
Case number
0023 K 0028/2023
Procedure
Foreclosure auction
Next steps
Wednesday, 14 October 2026
- €11,000 (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)
Wednesday, 21 October 2026
- 11:00
- Amtsgericht Michelstadt in Hessen
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
€82,236
€77,000 purchase price + €5,236 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. €3,904 (~5.1%)
Estimates. They create no legal claim.
Key facts
Property type
Zweifamilienhaus
Living area
185 m²
Price per m²
€595
Plot size
1,131 m²
Year built
1965
Occupancy
Owner-occupied
Town
64760 Olfen
Property description
Detached two-family house with three garages in Oberzent-Olfen, a district with around 325 inhabitants in the Odenwaldkreis. The building has a basement, ground, upper and attic storey on a 1,131 m² plot and is fully cellared. The ground floor is occupied by one co-owner, the upper and attic storeys are inhabited by another co-owner with her family. The residential units are not fully structurally separated.
The property shows considerable need for refurbishment: the structural condition is assessed as predominantly severely neglected with extensive modernisation and completion backlog in nearly all areas. Particularly problematic are inadequate horizontal and vertical damp-proofing in the basement with moisture damage, possible dry rot (Hausschwamm), worn interior fittings, outdated building services and a poorly conceived room layout with pass-through rooms. The basement is only of limited usability due to accumulated rubbish.
Klaava Pro
What Pro adds for this property
- 8 findings from the appraisal, 4 of them rated severe
- Valuation: Cost approach, Income approach, Property yield rate
- 1 entry in section II, meaning encumbrances and restrictions
- 3 units with floor area, actual rent and market rent
- Timeline of modernisation work, with years
- Energy: Heating type, Energy source
- More key facts: Remaining useful life and 2 more
- 24 more photos of this property
Official property description
The court’s wording
Zweifamilienhaus mit einem Zweifamilienhaus und drei Garagen bebautes Grundstück
English translation
Two-family house, plot built on with a two-family house and three garages
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
Untergeschoss aus Natursteinmauerwerk, teils mit Feuchteschäden. Zimmermannsmäßiges Satteldach mit Dachziegeln aus Beton. Kunststofffenster, doppelt verglast, mit Vorsatzläden.
Findings of the surveyor · 8 findings
- Basement (3)
- Interior fit-out
- Electrics
- Heating
- Facade
- Grounds
Read out of the market value report written by the court-appointed surveyor.
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