Jerusalem Property Update: October 31, 2021
The Words of the Week are:
Emergency Exit - Yetziat Chiroom
It is always important to locate the nearest emergency exit, especially in a new apartment building.
Furniture/ Furnished - Rehitim/ Meruhetet
Some apartments can be purchased including the furniture from the previous owners, landlord, or the agency that staged it.
Municipal Tax - Arnona
Arnona is the name of the annual municipal tax that has to be paid by property owners/tenants in Israel. Click here to read more about the Arnona tax.
Please have a look at the following wonderful units for sale in Baka:
Brand New Apartment in Baka
In a great location in Baka, on the residential side street Ben Yefune. Around the corner from the Bustan Baka complex and just a 7 minute walk to Nitzanim Synagogue!
This brand new apartment is 1150 sqf with 3 bedrooms, 2 bathrooms, a 60 sqf sukkah balcony, and is complete with luxurious finishes such as an Italian-designed kitchen, underfloor heating and a zoned multi-system air conditioning unit. The boutique building has a stylish entryway and the specifications are extremely high compared to similar developments in the area. The unit will be ready in approximately 6 months.
This is a great deal as the price per SQM is great value for the market today in the Baka neighborhood!
The asking price is 3,500,000 NIS (approximately $1,110,000 USD).
Luxury Penthouse Units in the Heart of Baka
In a fabulous location in Baka, right by HaMesila & HaRakevet! These apartments are spacious with 3 or 4 bedrooms and beautiful, open balconies with superb views and luxury finishes. Expected population in approximately 6 months.
The 3 bedroom options are 1500 sqf and start from 4,400,000 NIS (approximately $1,395,000 USD).
The 4 bedroom options are 1700 sqf and start from 4,850,000 NIS (approximately $1,540,000 USD).
Apartment for Renovation in Baka
In a great location in Baka, close to HaRakevet Street and the German Colony! The building is currently finishing TAMA 38 renovations. The unit is approximately 915 sqf with 3 bedrooms, 2 bathrooms, a small balcony, and lots of natural light. It is on the 2nd floor out of 5, in a building with a new elevator.
Once renovations are complete it should cost less than 35,000 NIS per SQM!
The asking price is 2,650,000 NIS (approximately $840,000 USD).
Off-Market Garden Unit for Sale in Baka
Located on a green, charming side street off of the famous Derech Beit Lehem in the heart of Baka, this beautiful 2150 sqf unit has a 1300 sqf garden, high-end finishes, private parking, and a storage room. There are 3 bathrooms, 3 bedrooms, and a large living room, as well as a den and study (option for 4-5 bedrooms). The unit is in a luxury boutique building with a gym and residents' room!
The asking price is 10,850,000 NIS (approximately $3,435,000 USD).
For any further information on the above properties or to begin your property search, please contact us at email@example.com.
Have a great week!