House in Arrecife

El Sara, Arrecife, Las Palmas • Ref: #8983CC57

€546,000

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Size

327 m²

Price / m²

€1,670

Rooms

OccupancyUnconfirmed

Photo: Altamira

1 / 13

AI visual analysis

Automated analysis · physical condition

13 of 13 photos analyzed

Physical condition

Needs work

Photo quality

Good

Model observations

•La fachada presenta grietas y desconchones en la pintura, indicando necesidad de mantenimiento.
•Las ventanas y balcones muestran un estilo antiguo y cierto desgaste, sugiriendo una estética dated.
•El exterior del edificio tiene plantas y vallas de madera que, aunque decorativas, no ocultan el estado general de la estructura.

Description

Chalet en Cl Sara El, 5, Arrecife, Las Palmas. Superficie: 327 m², 5 habitaciones, 2 baños.

Characteristics

Bathrooms

Elevator

Terrace

Parking

Year built

1985

Pool

Air conditioning

Heating

Storage room

Garden

Legal & cadastral analysis

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Cadastral data

Unverified

Cadastral reference located automatically from the coordinates; not verified against the official Catastro. Confirm it before acting.

Cadastral ref.

1346919DS4014N

Cadastral area

337 m²

Year built

1985

Cadastral use

Residential

How to buy this asset from the bank

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1Contact the servicer from the official listing (or from Atalaya) and ask for availability and a viewing.
2Visit the property and verify real condition, possession and access. Ask for the habitability certificate and the energy certificate.
3Request a nota simple from the Land Registry (~€10) and the community-debt certificate.
4Submit your offer in writing. Servicers take it to committee: expect days to weeks. Offering below asking is standard practice.
5Once accepted: deposit contract (require 'free of occupants and belongings'), financing and deed before a notary.

handshakeThis asset has been listed for 340 days. In bank stock, high age usually means real negotiation margin: offers 10-20% below asking get considered.

Minimum due diligence before offering

check_box_outline_blankRegistry nota simple: ownership, charges, liens (registradores.org, ~€10).
check_box_outline_blankCommunity-debt certificate and approved special levies.
check_box_outline_blankIBI and waste tax: outstanding bills at the town hall.
check_box_outline_blankOn-site possession check: is it really vacant? Are water/power supplies active?
check_box_outline_blankHabitability certificate and licences (essential for mortgage and utilities).

Debts that transfer with the property

Community debt for the current year plus the previous 3 follows the property (art. 9.1.e LPH), as do unexpired IBI and approved levies. Always request the certificates before signing: it's the classic €3,000-10,000 surprise in bank purchases.

Financing

Many servicers finance their own stock at aggressive terms (high LTV) through the parent bank — ask on first contact. Note: a property without a functional kitchen or bathroom may not be mortgageable as-is, and the appraisal can come in below price on heavily distressed assets.

General informative content, not legal or investment advice. Verify every point with your advisor before committing.

Alpha Rating

ANALYZE

49/100

Confidence: Low

Score breakdown

Zone delta: 8/30
Possession: —
Physical state: 14/25
Legal liens: 10/15
Zone liquidity: 10/15

Vivienda de 327.00m² en Arrecife a 612€/m² (mediana zona 1878€/m², delta -67.4%). Estado Mejorable. Posesión desconocida. Zona baja, 315 días en mercado.

Strengths

+Descuento del -67.4% frente a la mediana zonal (1878€/m²)

Case file

Operation pipeline

You are not pursuing this asset yet

Start a case when you want to turn an opportunity into a real operation: contact, visit, documents, due diligence and offer.

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Location

El Sara, Arrecife, Las Palmas

Price analysis

Two anchors: real free-market (Idealista / MITMA) and the median of other bank-owned assets in the same area. The first tells you whether REO is worth entering at all; the second, which REO listing is the best deal.

vs free market

-32.0%Strong opportunity

Scope: Municipality
Zone median: €2,455 /m²
This asset: €1,670 /m²
Period: octubre 2026
Source: Idealista

vs other bank assets

-15.5%Good price

Scope: Postal code
Zone median: €1,976 /m²
This asset: €1,670 /m²
Samples: 16
Source: Atalaya (bank inventory)

Estimated acquisition costs

Asset price€546,000

Transfer tax (ITP) 6.5% — Canarias€35,490

Notary (est.)€819

Land Registry (est.)€546

Admin agency (est.)€1,911

Estimated total investment€584,766

Estimated refurbishment (state: mejorable)€131,000 – €229,000

Indicative estimate for a resale purchase at the general ITP rate. Auctions, new builds or reduced rates are taxed differently. The refurbishment figure is an indicative band based on the AI-detected condition. Verify with your advisor.

Price history

The price has dropped 1 time(s). This suggests a motivated seller profile with strong negotiation potential below the list price.

14 Oct 2026

€200,000arrow_forward€546,000-173%

Listing intel

SourceAltamira

On the market sinceNov 2025 (340 days)

On Atalaya since11 Apr 2026

Last updated24 Oct 2026

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Aggregated data from public sources and servicer Altamira. Atalaya is an informational analytics platform; we are not a real estate agent and do not intermediate in transactions. To act on an offer, contact the original source directly. View original listing