7 bedroom Castle for sale with panoramic view in Passignano sul Trasimeno, Umbria

4,000,000 EUR 3,440,000 GBP 4,320,000 USD

Reference: 204441

Bedrooms: 7
Bathrooms: 8
Floor Size: 534 m2
Plot Size: 0.65 hectares / 1.61 acres

Features

Terrace
Fruit Trees
Possible Extra Dwellings
Potential for Income
Panoramic View
Private
Good Condition

Details

Only 25kms from Passignano, Umbria, this splendid castle with watch tower is located in a dominant position on a hill and with the resultant uninterrupted panoramic views of the surrounding countryside and distant hills.

This stunning historical property part of which is a ruin has magnificent surrounding walls and Passignano is one of the most beautiful villages by Lake Trasimeno. Also within easy reach of important tourist towns in Umbria and Tuscany, such as Perugia, Cortona, Assisi, Gubbio and Arezzo. The nearest airport is in Perugia, only 40 km away.

In 217 B.C. a battle between the Romans and the Carthaginians took place in the vicinity of Passignano sul Trasimeno; one of the most important battles of the Second Punic War. This area has always been strictly connected to Perugia and was of strategic importance, since it is located close to Lake Trasimeno, the Upper Tiber Valley and the Val di Chiana.
Passignano in the 11th century belonged partially to some monks and partially to a noble family, then it was plundered by the Florentine army and later it was annexed to the States of the Church.

The tower and the castle ruin present a total surface area of 534.25 square metres. The sandstone quadrangular tower has pointed windows and is laid out on six levels. In the tower there are pigeonholes, which were used to catch birds, and on the top of it there are brick brackets.

The castle is laid out on two levels with sandstone and calcareous walls. According to the restoration project, which has already been approved, the property will be composed as follows.

Basement/ground floor: hall, bathroom, internal pool, bedroom with en suite bathroom. Kitchen, living room and bedroom with en suite bathroom. Storeroom and utility room.

Ground/first floor: eat-in kitchen, cantina, loggia, terrace, dining room/kitchen, two bedrooms with en suite bathrooms.

First floor: bedroom with en suite bathroom, bedroom with en suite bathroom and terrace.

Second floor: kitchen.

Third floor: living room.

Fourth floor: living room.

Fifth floor: corridor, bathroom and laundry room.

Sixth floor: bedroom.

At present the castle is finished to a builder’s finish, the tower and part of the castle have been finished, while the frontal part has been rebuilt. The origins of the property are uncertain, probably the largest part of the building dates back to the 11th-12th centuries, while we know for sure that in 1313 the walls were restored.

The property is surrounded by 6,500 square metres of land with olive grove.

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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.