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Wohn-/Geschäftshaus in Magdeburg

Reichweinstraße 18, 39122 Magdeburg, Sachsen-Anhalt

Auction in 103 days

Court notices and appraisals are published in German by the local court. Original wording is shown unchanged.

Appraised value

€170,000

Auction date

17 February 2027

10:00

Satellite view of the location
Satellite view of the location, no photo of the property available

Appraised value

€170,000

By comparison: 40% below the median appraised value of the 133 apartment buildings currently up for auction in Germany (€282,000).

Bidding thresholds
50%70%
85,000119,000

At the first hearing: below €85,000 the court refuses the award; below €119,000 a creditor can apply to have it refused.

Auction date

17 February 2027 · 10:00

Auction venue

Amtsgericht Magdeburg, Saal 1

Case number

0038 a K 0001/2025

Next steps

Bid deposit

Wednesday, 10 February 2027

  • €17,000 (10% of the appraised market value)
  • By bank transfer (arriving before the auction) or as a cheque at the hearing (§ 69 ZVG)
Auction

Wednesday, 17 February 2027

  • 10:00
  • Amtsgericht Magdeburg in Sachsen-Anhalt
Payment of the purchase price

approx. March 2027

The court sets the deadline.

Documents

Official court records, free to download.

Auctia Pro reads them for you.

Read the official auction notice

Via Auctia, because the portal blocks direct links.

The data comes from zvg-portal.de, the official portal of the German federal states.

Closing costs

Bid amount

€
of the appraised market value

State

Saxony-Anhalt · transfer tax 5.0%

Property transfer tax5.0%€5,950
Court fee for the award (§ 54 GKG)approx. 0.5%€595
Land register entryapprox. 0.3%€357
Total closing costs€6,902(5.8%)

Total investment

€125,902

€119,000 purchase price + €6,902 closing costs

Bid deposit€17,000

Not a cost: it counts towards your bid on award (§ 68 ZVG).

No estate agent, no notarised purchase contract. Saving against a normal purchase approx. €6,033 (~5.1%)

Estimates. They create no legal claim.

Key facts

Property type

Wohn-/Geschäftshaus

Town

39122 Magdeburg

Official property description

Bebautes Grundstück (zwei Gebäude, Baujahr 1921 bzw. 1947, und zwei Garagen. Alle sämtlich sanierungs- und modernisierungsbedürftig und leerstehend). Bezüglich der Bebaubarkeit wird auf die Ausführungen im Gutachten verwiesen. Es bestehen weder Baulasten noch Altlastenverdacht. Weitere Details, Exposé und Gtuachten (Download) unter www.zvg.com.

Wording of the local court, taken from the official auction notice.

Analysis of the valuation report

No valuation report exists for this property. Condition, defects, land register and valuation therefore cannot be analysed.

Only the official auction notice and the auction date at the local court are authoritative.

All information is given without warranty. The information shown was extracted automatically from official documents using AI and can be incomplete or wrong. Auctia 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.