AtalayaAtalaya

Calle Safareig

Palma de Mallorca, Illes Balears • Apartment • Ref: #197278AF

€325,000-30% vs area market
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Size

90 m²

Price / m²

€3,595

Rooms

2

OccupancyVacant
75
Calle Safareig — Palma de Mallorca
Photo: Solvia
1 / 22

AI visual analysis

Automated analysis · physical condition

22 of 22 photos analyzed

Physical condition

Good

Photo quality

Good

descriptionDescription

Piso de 90 m² de 2 dormitorios, ubicado en Palma de Mallorca. La vivienda está bien comunicada, mediante la estación de tren a pocos minutos, a 10 km del Aeropuerto, con varias paradas de autobús próximas con las líneas 3, 33 y N4 y con accesos a la ciudad mediante la Ma-13A, Ma-20 y la Ma-3018. La zona dispone de variado equipamiento, centro de salud, centro comercial, polideportivo, restaurantes y supermercados. Construido en 1986, este piso cuenta con una superficie de 90 m² y se distribuye en salón-comedor, 2 dormitorios, cocina amueblada con armarios bajos y equipada con horno, vitrocerámica y campana extractora y 2 baños, listo para convertirse en su próxima vivienda en alquiler. Incluye un trastero situado en la planta cubierta.

Characteristics

Bathrooms

2

Elevator

No

Year built

1986

Pool

No

Air conditioning

No

Heating

No

Garden

No

Energy rating

F

gavelLegal & cadastral analysis

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assignmentCadastral data

straightenUnreconciled surface: the listing states 90.4 m² but the cadastre records 106 m² (+17%). Verify before offering — €/m² and the discount depend on this number.

Cadastral ref.
1312513DD7811A0008FZ
Cadastral area
106 m²
Year built
1986
Cadastral use
Residential

routeHow to buy this asset from the bank

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

handshakeThis asset has been listed for 266 days. In bank stock, high age usually means real negotiation margin: offers 10-20% below asking get considered.

checklistMinimum 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).

warningDebts 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.

account_balanceFinancing

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

BUY

75/100

Confidence: High

Score breakdown

Zone delta
19/30
Possession
20/20
Physical state
20/25
Legal liens
10/15
Zone liquidity
10/15

Vivienda de 90.40m² en Palma de Mallorca a 3595€/m² (mediana zona 5152€/m², delta -30.2%). Buen Estado. Posesión libre. Zona baja, 264 días en mercado.

trending_upStrengths

  • +Descuento del -30.2% frente a la mediana zonal (5152€/m²)
  • +Estado habitable sin reforma inmediata
  • +El banco confirma posesión legal: vivienda libre para entregar

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.

location_on

Location

Palma de Mallorca, Illes Balears

analyticsPrice 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.

publicvs free market

-30.2%Strong opportunity
Scope
Municipality
Zone median
€5,152 /m²
This asset
€3,595 /m²
Period
abril 2026
Source
Idealista

account_balancevs other bank assets

-4.9%In line
Scope
Postal code
Zone median
€3,781 /m²
This asset
€3,595 /m²
Samples
60
Source
Atalaya (bank inventory)

Estimated acquisition costs

Asset price€325,000
Transfer tax (ITP) 8% — Illes Balears€26,000
Notary (est.)€600
Land Registry (est.)€400
Admin agency (est.)€1,138
Estimated total investment€353,138

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.

Listing intel

SourceSolvia
On the market sinceDec 2025 (266 days)
On Atalaya since31 Aug 2026
Last updated31 Aug 2026

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Aggregated data from public sources and servicer Solvia. 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