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A Superb Restored Historic Villa with Contemporary Interior
€1,950,000
$2,125,500
€
$
Fauglia, Tuscany
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Ref #: 4668
Massa-Carrara, TuscanyRef #: 4668
Charming villa in Versilia, facing the sea and protected by tall maritime pines that hide a garden full of flowering plants, the swimming pool and the tennis court. The Belle-Epoque charm of the villa remains unchanged and promises a sensory and relaxing journey for those who live there and for those who have the opportunity to be hosted. A house that can be inhabited throughout the year or only in the summer months, perfect for a large family or for those who love to host friends and relatives.
Location
Versilia had its golden age between the 60s and 70s of the 20th century, in full economic boom, a summer holiday destination for entrepreneurs in northern Italy. Numerous clubs and bathing establishments born in that period. National and international singers and bands could not fail to perform at least once at the “Capannina” or at the “Bussola” attracting throngs of fans and people of the international jet-set. Today Versilia seems to have acquired a new identity, a destination for those who love the tranquillity of the golden sandy beaches and who use the coastal towns to increase contacts and knowledge. Versilia has a coastal front of about 25 km, bordered to the north by the chain of the Apuan Alps, the treasure trove of the famous Carrara marble. The beaches, consisting of a wide strip of golden sand, and beyond the pine forests that offer coolness on summer days, as well as conveniently concealing the numerous villas.
Description
The villa is located in the northernmost part of Versilia, in a point free from other houses and where the pine forest is more luxuriant. An independent villa that rises majestically, towering above the bushes that delimit its boundary.
On the ground floor there is the living area. The entrance is large with a beautiful tiled stove, on the right a large living room, at the back the party room or dining room, while on the left a guest bathroom and the majestic staircase leading to the first floor.
Beyond the party room is the kitchen with a large, perfectly equipped central island. In addition to the kitchen, a double bedroom with attached bathroom, a large laundry room and a small apartment complete with bedroom, bathroom, living room with kitchenette, perfect for a couple of caretakers, thanks also to the independent entrance, directly from the outside.
The access staircase to the upper floors, where we find the sleeping area, is one of the examples of the particularity of the house, in the center a spectacular crystal chandelier is embraced by the marble staircase with a sober and refined iron handrail.
The central hallway on the first floor divides the various rooms for greater privacy. On one side, the master part with bedroom, walk-in closet and large bathroom. Than two double bedrooms with a shared bathroom, another bedroom with bathroom and large covered terrace overlooking the sea. Another small part consists of two bedrooms with a shared bathroom and a further sleeping area consists of a bedroom, a sitting room and the covered roof terrace from which you can enjoy the view of the underlying garden and the sea a few meters away.
The second floor is accessed via a wooden staircase, the attic is very high and allows you to take full advantage of this last level as well. In the center, a hallway that has a porthole of light in the center consisting of a coloured glass dome. A living room with terrace, double bedroom, private bathroom and walk-in closet, two other large rooms and various multipurpose rooms.
State and finishes
Built in the 1920s by one of the noble families of Florence as a vacation spot, it is an example of the typical building of the “liberty” period. After years of neglect and partial abandonment, the villa has undergone a thorough as well as thorough and complete renovation. Today with the installation of the heating system, totally absent in the past, the home automation system that regulates the operation of the whole villa, the new fixtures and the totally redone roof it presents a high tech house. The floors in Venetian seminato and fine grit, the decorations on the ceilings made by skilled hands following the elegant indications of the current owners. The villa is in perfect condition, ready to be inhabited.
Territory
One hectare of land surrounds the villa, the front part is kept as a garden, the flower beds with walkways among the bushes of plants are of exquisite workmanship. Access to the villa is via a beaten path that revolves around a hedge of white and pink hydrangeas, while around rose bushes, peonies and other flowers enchant the sight and smell. There are also numerous bushes of succulents. In a reserved area a large covered space where you can park your cars. To the right of the villa is the lawn area with a large gazebo where you can spend summer evenings and hot days outdoors. Entering the pine forest of tall Mediterranean pines you arrive at the swimming pool with the hydromassage area and small water games, the area with games for children and the tennis court at the bottom.
Potential use
The villa that only Versilia can host. The extreme proximity to the sea, clearly visible from the terraces of the house, the protection of the pine forest, the proximity to services to the most important clubs in the area. This and more is what this villa is able to offer for the most demanding people, that would like to find the main residence or summer house by the sea or even look for an investment options for hosting international guests.
Address: Massa-Carrara, Tuscany
Location type: Sea
Condition: Restored
Bedrooms: 13
Bathrooms: 13
Property size: 1126 sq meters
A notary is a qualified lawyer who is employed by the Italian government. When you are buying Italian property, it is a notary who conducts the legal transfer of a property from vendor to buyer, and prepares the deed of sale, checks there are no charges on the property, title issues and with the assistance of a technician such as a geometra or architect, checks the property conforms to all planning issues.
It is always the buyer and not the vendor who pays the purchase taxes due and who pays the notary fees also. This means that it is up to the buyer which notary is used. In practice it is usually one of the local notaries and we can recommend which one to use and which one is cheapest, as notary prices do vary.
We provide a detailed list of all fees and taxes (including the notary’s quote) before you sign any contracts.
Translator – if you do not speak fluent, enough to understand detailed legal contracts, you will need to have a translator at the notary deed. Your agent or the notary will usually arrange this so you don’t need to worry about it. The cost varies but is often 200-300 euros. This can sometimes be shared with the vendor if they are also non fluent in Italian.
This depends firstly on two things.
A. Are you buying as a resident or a non resident?
B. Are you buying from private individuals or from a company?
If you are buying from private individuals, then the taxes you pay are based on the cadastral value – a nominal value which each property has and which depends on its size, location, standard etc – nothing to do with the market value.
Example 1:
House price agreed €100,000.
Property belongs to private sellers.
Cadastral value of the property €32,000.
Let’s say you intend buying the house as a non resident (.ie. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 9% on cadastral value €32,000 so €2,880 plus a few smaller fixed taxes.
Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy;
Taxes payable are 2% on cadastral value €32,000 so €640 plus a few smaller fixed taxes. A minimum figure may be payable.
Please note, you could buy the house as a resident and pay the lower rate of tax if you intend moving there and obtaining residency within the next 18 months. Don’t be tempted to do this unless you are definitely sure you will become a resident. If you then do not, you need to pay the difference in taxes plus a penalty of around 30%.
If there is substantial land (not just a garden) with the property, then 15% is payable on the value attributed to the land, which can be quite low, eg a value of €15,000 could be attributed to the land so 15% of 15,000 = €2,250 would be the tax on the land.
Example 2:
House price €100,000
Property is being sold by a company
Cadastral value of the property is €32,000
Let’s say you intend buying the house as a non resident (i.e. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 10% VAT on full market price €100,000 so €10,000 plus a few smaller fixed taxes.
Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy,
Taxes payable are 4% VAT on €100,000 so €4,000 plus a few smaller fixed taxes.
Once we know
– which house you want to buy, its cadastral value and who owns it (company/individual)
– whether you intend to buy as a resident/non resident and if it’s your first property in Italy
only then can we ask the notary to provide a quote for the precise taxes payable.
Other circumstances
Then of course there are other scenarios.
If the value of the property you want to buy is very low (eg €50,000) then purchase costs are likely to be a higher percentage as there are set minimums to pay for all fees and taxes. So on a €50,000 house, you are likely to pay 12-15% instead of 10% (non resident).
You might want to buy a property (being sold by private individuals) with your company. Taxes are considerably higher in this case, as they would be 9% on the sale price (not on the cadastral value). So it’s cheaper to buy a privately owned property as a private individual, not as a company.
But, in the case of a country property which is a farm/winery/agriturismo, these are often owned by a farming company (azienda agricola) , which has considerable tax advantages as you can buy the farm and pay just 0-1% (depending on the circumstances) on the purchase price in tax.
Taxes would be different for a commercial purchase, eg if your company is buying an Italian company (ie a farm or other company). Buying the shares of a company usually meets zero taxes, just a few fixed fees, and notary and accountancy fees.
The above is a guide, and once you have found a property you are interested in buying, we can obtain a notary quote for you, with a full breakdown of the taxes and fees due.
Notary fees – approx 1-2%, more for a lower priced property due to some fixed taxes.
Agency fees – in Italy both buyer and seller pay the agent. These are payable to the Italian agent (one of our partners) you view the house with at compromesso (preliminary contract) stage and for each party are usually 3% plus VAT. VAT is 22% in Italy. Minimums apply. Nothing is payable to Casa Tuscany so you will not pay double the fees, you will just have double the assistance!
Compromesso registration fees – approx €380 plus a part payment of taxes which is deducted from the total taxes due at completion.
Translator for the deed signing at the notary’s office. Required if you do not speak Italian well enough to understand legal deeds. Approx cost €250 – €350 depending on the notary.
Technical report for the notary. Checks all the planning issues of the property, making sure it matches the official plans, no works have been carried out without permission, gathers all previous permits, checks the house is sellable and not illegal in any way. Carried out by a geometra, architect or engineer and costs vary considerably, a minimum of €761 including VAT/ Please note this report is NOT a structural survey, that is an optional additional report you may wish to instruct.
Local council tax – IMU (formerly ICI) – payable only by non residents. This needs to be paid twice a year at the post office – no bill is sent. Most people use a local accountant or property manager to calculate it.
Refuse tax (TARI)
In some areas, mountain community tax.
If you buy a property which is part of a condominium, e.g. with shared pool and grounds, lighting etc, then there will be annual condominium fees to pay which usually range from about €200 to €1000/year unless it is a particularly luxurious property with many amenities in which case costs could be higher.
Utilities
You don’t really need an Italian bank account for buying a property in Italy any more as money is usually sent by bank transfer, although some notaries insist the funds are sent from an Italian account set up by you.
You could of course open an account to handle bills but bear in mind that some utilities companies refuse to arrange direct debits for non resident accounts, and some bills cannot be paid by direct debit.
You could always pay your bills online or if you have a property manager then send them the funds for settling all the bills.
If you do intend opening an Italian bank account, bear in mind that Italian bank charges are high . Usually there is a monthly fee to pay, plus charges for receiving money, paying bills, sending statements, etc etc.
