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Real Estate Sales A two-bedroom PH with an outbuilding is being auctioned in Palermo from US$112,600: how to sign up to participate - La Nacion Propiedades

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A two-bedroom PH with an outbuilding is being auctioned in Palermo from US$112,600: how to sign up to participate - La Nacion Propiedades
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July 31, 2024

Located on Humbold Street, the property will be auctioned in August; what other investment opportunities are there among the Banco Ciudad auctions this month?


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Apartment-style house in Palermo to be auctioned in mid-August



Palermo is once again in the spotlight when it comes to auctions . Banco Ciudad will hold a new auction on August 14th from 11 a.m. to 12 p.m., in which a house located at Humboldt 2382, Palermo, will participate.

The base price of the house is US$112,590 and its security deposit is around US$3,377 . More specifically, it is a two-bedroom apartment located on the ground floor, but which also has an external staircase that connects to a room on the upper floor. The total surface area of this property is 123 square meters .



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The internal staircase of the property that will be finished and leads to a room on the upper floor


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Humboldt 2382

In this particular case, there is no exact date for the exhibition of the property , but in order to attend a visit prior to the auction, you can send an email to the General Directorate of Property Administration (consultassubastas@buenosaires.gob.ar) and it will be available for your visit up to two business days prior to the auction.

A plot of land in Almagro

Before the auction of the Palermo house, there is another auction on August 1 for a plot of land at 3451 Corrientes Avenue . This lot has an old two-story building that is in danger of collapsing . The land has an area of 421 square meters , a base auction price of US$664,566 and a security deposit of US$19,937 .



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Land in Almagro to be auctioned in August

Properties to be auctioned on July 31

Five units distributed throughout the Autonomous City of Buenos Aires will be auctioned on July 31st starting at 10am through Banco Ciudad. One of them is located in Palermo , two others in Balvanera , one in Caballito and the other in Villa Ortúzar .

The properties are characterized by having low initial prices , in this case from US$44,240 to a base value of US$153,580 . All of them have a public exhibition date, prior to the date of the auction . And payment is made in pesos.



In Palermo: two environments

The Palermo neighborhood has a one-bedroom apartment , which has a total area of 34 m² . This unit will start at a base price of US$51,600 and a security deposit of US$1,584.

This property is located at 3539 Córdoba Avenue on the eighth floor. It has a bedroom with a closet, a bathroom, a kitchen and a living/dining room.


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The apartment that is being auctioned in Palermo is located at Córdoba 3500

In Balvanera: a studio apartment and a four-bedroom apartment

This neighborhood will also be auctioned on July 31, as a studio apartment in Balvanera will be sold at auction . This property is located at Hipólito Yrigoyen 2520 on the fourth floor. Its base price is US$44,240 and its security deposit is US$1,327.

This apartment features: a balcony, bathroom and integrated kitchen. The total square footage is 31.6 m² .



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A studio apartment at Hipólito Yrigoyen 2520 on the fourth floor

This four-bedroom apartment located in the Balvanera neighborhood is also up for auction. It is located on Avenida Córdoba 2462 on the fifth floor . Its base price is US$153,580 and the security deposit is US$4,607.

You enter through a hall, it has a kitchen, a pantry, a toilet and a bedroom. On the other wing of the house, there is a living/dining room, a full bathroom and three bedrooms. All this gives a total of 109.7 square meters .



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On Córdoba Avenue 2462 on the fifth floor

A PH in Caballito

At Fragata Presidente Sarmiento 1629 there is a two-bedroom “ PH- type ” apartment that will be presented at the Banco Ciudad auction on July 31. It has a hall, two bedrooms, a kitchen, a bathroom and a patio. It has a surface area of 56 m² and is distributed over two floors.

It will have a starting price of US$84,090 with a security deposit of US$2,522.





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A PH in Frigate Presidente Sarmiento 1629

In Villa Ortúzar: two environments

The Villa Ortuzar neighborhood has a one-bedroom apartment at Charlone 2194. This property, which is located on the eighth floor, has 54.69 m² and will be on display on July 23 from 9 a.m. to 12 p.m. Its auction will take place on July 31.

The base price is US$120,318 and the security deposit is US$3,609. It includes a living/dining room (with balcony access), a bedroom (with a second balcony), a kitchen and a full bathroom.



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A one-bedroom apartment on the eighth floor of Charlone 2194

What are auctions for vacant inheritances and how to participate?

The auctions of real estate with vacant inheritances in the City of Buenos Aires are carried out at Banco Ciudad on behalf of and by order of the Attorney General of the City of Buenos Aires, and are characterized by the diversity of properties offered, which may include lots, apartments, PHs, houses, offices, commercial premises, undivided parts and garages. Banco Ciudad carries out the appraisal, exhibition and sale by public auction using the online modality , 100% digital. The income obtained from these sales is destined by law to the Permanent Education Fund.



Interested parties must register up to 48 business hours before the start of the auction on the Banco Ciudad website and participation requires a security deposit corresponding to a percentage of the base value of the property to be acquired (amount that will be returned in full if the bidder does not make a bid or if the bid is not successful) . The successful bidder may request possession and pay the balance of the price in advance after signing the sales contract.

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