Renovated 5 bedroom Farmhouse for sale with countryside view in Monteriggioni, Tuscany

1,200,000 EUR 1,032,000 GBP 1,296,000 USD

Reference: 239306

Bedrooms: 5
Bathrooms: 5
Floor Size: 413 m2
Plot Size: 3 hectares / 7.41 acres

Features

Fireplace
Possible Extra Dwellings
Outbuildings
Potential for Income
Countryside View
Private
Parking
Good Condition

Details

Nestling in nearly 7.5 acres of glorious land with gardens, pool and olive trees, is this beautifully renovated 3 bedroom farmhouse with two, one bedroom annexes and outbuildings, ideally located between Siena and Florence, near the historic medieval village of Monteriggioni.

This characteristic stone property with two outbuildings is easily reached by a country road of about 1 km in excellent condition.

The main house of 265m2 on two levels comprises of a beautiful living area with fitted kitchen, living room, study, bathroom, laundry and pantry on the ground floor.

The original travertine stairs lead to the upper floor where there is a large living room from which there is access to the three bedrooms and two bathrooms.

Very characteristic is the outdoor area paved in terracotta between the main house and the first annex with the wood-burning oven, the covered loggia of about 20m2 and the small house used as a woodshed / storage area of about 10m2.

ANNEX 1 of about 70m2 consists of a comfortable living room with kitchenette, double bedroom and bathroom.

A large courtyard paved with original terracotta distinguishes and characterises the access to ANNEX 2 of about 78m2, with an open plan kitchen / living room, bedroom on the mezzanine and a bathroom.

The renovation was carried out in 2000. The roof was completely redone in wood with insulation of 10 cm, the heating is LPG in addition to the fireplace and woodburners. The property is served by mains water as well as three rainwater storage tanks.

The farmhouse with the two annexes are three distinct real estate units.

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Italy Property Buying Guide

1. Making the Offer to Purchase (Offerta)

Once you have found the property you wish to purchase you will start the process by making a formal offer to the vendor, the estate agent will act on your behalf and put forward the offer, a deposit will be made available, generally around (10,000 - 20,000 EUR). Once the vendor has accepted the offer it will be formalised in writing to the vendor in both English and Italian. If this is accepted the deposit (Caparra Confirmatoria) will be paid to the vendor. This will form a legally binding contract. Neither party may withdraw at this point, the sale can be forced by either party or a claim for damages can be made. If the purchaser withdraws their deposit will be lost, if the vendor withdraws the purchaser can claim twice the deposit in compensation.

2. Signing the Preliminary Contract (Compromesso or Contratto preliminare)

The next step will take place between 1 and 3 months after the offer has been accepted, this is a formal agreement between the vendor and purchaser to sell and buy the property, this agreement is the Preliminary Contract and will contain the conditions and terms of the sale. It is important at this stage that you have a full understanding of all the details contained in the contract. We would strongly recommend that you appoint a Notary who is fluent in English. This document will include the purchase price, a detailed description of the property including completion date and will cover any obligations placed upon the buyer and the vendor. All information relating to the property including any planning permissions for the property and the cadastral details (a public record, survey, or map of the value, extent, and ownership of land as a basis of taxation). Once the Preliminary Contract (Contratto preliminare) has been signed a further deposit (Caparra Confirmatoria) will be paid, this will generally be 10% - 20% of the purchase price. There will also be an estate agents Commission Fee (Provvigione) which will need to be paid at this point.

3. Signing the Final Deed of Sale (Rogito or Atto Notarile)

The purchaser must have a bank account in order to make the purchase on completion. The signing of the final deed of sale which will authorise the transfer of the property must be overseen by a Notary (Notaio). The buyer will select and hire the Notary, but they are members of an independent body of public/professionals who will draft the purchase deed, they will oversee the passing of the title legally from the vendor to the purchaser. The Notary will also verify the legality of the documentation and registration with the Conservatoria dei Registri Immobiliari and the Local Land Register.

4. Formalities to be observed after Completion

Foreign buyers should obtain a certified copy of the Purchase Deed (Rogito), which the Notary will have lodged with the authorities. Generally this will be available to collect around 2 – 3 weeks after completion. The Notary will also give you a form to complete for the the local authority (Questura) who will have been given formal notice of the purchase. Your Notary will help you to complete this form. You will need to contact the utilities companies to set up new contracts (power, water, telephone, gas etc.). If the property is a flat, the condominium manager (Amministratore del condominio) should be informed of change of ownership of the property.

IMPORTANT - Disclaimer : All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.