Semi-detached Rustic House for Sale in Santa Margalida

Just two minutes from Santa Margalida, on the way to the beach, we find this property with a land area of 7,048 m2 and buildings totaling 318 m2. The property is deeded, has its own well, and electricity generated by solar panels. On the ground floor, there is a 32 m2 porch, a living room of about 20 m2 with a fireplace, an adjacent room of about 9 m2, and at the back, a dining room of 13 m2 that opens onto a large west-facing terrace. The kitchen is about 5 m2, and there is a 12 m2 bedroom. On the first floor, there is a living room, a bedroom, and an attic. On the side of the house, there is a 32 m2 garage and a bathroom adjoining the neighbor’s house. Although semi-detached, the house has no direct line of sight to the neighbor since it is an old house that was divided among heirs many years ago, each with windows facing their respective sides. The garden includes a pool of about 30 m2 and storage rooms of 39 m2. The house is deeded due to its age; the georeferencing is done, the house dates before 1956, and the last renovation was in 2000.

Our company has approximately 30 years of professional experience in the northeast area of Mallorca, offering real estate services with dedication, transparency, and local market knowledge.
Furthermore, it is stated that Gabriel Pascual Font is registered with the Balearic Association of Real Estate Advisors under number 1260 and is listed in the Real Estate Agents Registry of the Balearic Islands (RAIIB) with number GOIBE787033/2024, thus complying with the legal and professional requirements for the activity.
Legal Information and Economic Transparency.

INFORMATION NOTE ACCORDING TO ART. 20 TRLGDCU
The published sale price does not constitute a binding offer and does not include purchase-related expenses and taxes.
The property presented here is from before 1956; it is deeded, but there are later additions like the pool, irrigation system, garage, and porch roof that need legalization to be renovated. Note that these two roofs must have been replaced during a house renovation. The cost of regularizing the extensions, including construction, will be around €130,000 (construction costs being the most significant). Then the house needs to be renovated to be livable. A total budget of €200,000 should be considered for legalization and renovation.
Taxation: The operation is initially subject to Transfer Tax (ITP).

Approximate acquisition costs:
ITP (8% – 10%): here €35,150
Notary and Registry: approximately €1,200
Agency fees: €500
Total approximate: €38,000

In furnished home sales, it’s possible to include a detailed inventory of furniture and items delivered to the buyer. This inventory can be attached as an annex to the public deed on the day of signing.

When the value of the furniture does not exceed 10% of the total property value, the tax administration usually considers this valuation reasonable and proportionate.

Furniture included in the transaction is not part of the real estate transfer and therefore is not subject to the Transfer Tax (ITP) applicable to real estate. Instead, it is taxed as personal property transfer at a 4% rate, borne by the buyer.

For the seller, the transfer of household furniture does not generate capital gain for Personal Income Tax purposes, according to article 33.4 of the Personal Income Tax Law.
Agency fees are paid by the seller unless otherwise agreed by the parties.
The final price including taxes might depend on the buyer’s tax situation. The municipal capital gains tax is paid by the seller. Property tax (IBI) and garbage tax are prorated based on the purchase date.