I am selling a cooperative apartment 3+kk (64 sqm) in

I am selling a cooperative apartment 3+kk (64 sqm) in Ostrava-Zábřeh directly as the owner—without any realtor or commission. The apartment has been completely renovated recently and no one has lived there yet, so it’s ready to move into. Two separate bedrooms, each with its own balcony overlooking greenery, living room with kitchenette, bathroom, separate toilet, and own cellar.
A few words about the price to make it clear right away. You pay 1 290 000 CZK in cash for transferring the cooperative share—this is the amount you hand over. In addition, you take over the associated cooperative loan (unpaid principal approximately 2 840 000 CZK), which you continue to repay in monthly annuity payments. Thus, the total price of the apartment comes out at around 4 130 000 CZK. The price is final—even legal costs related to the transfer (preparation of contracts and escrow) are already included.
Details about the price and the apartment: https://baranovova.pavelbinar.cz
Room sizes: - Kitchen with living area (kitchenette): 19,92 sqm - Larger bedroom: 16,66 sqm - Smaller bedroom: 11,86 sqm - Hallway (foyer): 11,89 sqm - Bathroom: 2,67 sqm - Toilet: 1,38 sqm - Total living space of the apartment: 64,38 sqm - Balconies (2 times): 2,23 + 2,23 sqm - Cellar: 7,04 sqm - Total including balconies and cellar: 75,88 sqm
Who is this best suited for? For someone who wants their own housing but cannot afford a mortgage—instead of paying rent to someone else, you pay into your own home. How does it work:
- I will transfer my cooperative share to you for 1 290 000 CZK (cash, transfer before a notary public, approx. one week), and you take over the associated cooperative financing with unpaid principal approximately 2 840 000 CZK that you continue to repay in monthly annuity payments.
- Overall, you acquire the apartment for roughly 4,1 million CZK (1,29 million shares + 2,84 million financing)—in personal ownership it holds value around 5 million CZK.
- Monthly: annuity payment + administration fee approx. 21 979 CZK + SVJ advance payments approx. 4 132 CZK. Part of the installment builds up your share.
- You don’t need your own mortgage for the full price—just 1,29 million in cash suffices, while the rest is secured cooperative financing.
- From the end of the fixed rate period (approx. April 2030) conversion into personal ownership possible without fees (and then also refinancing via regular mortgage).
This property offers great potential for those seeking affordable housing options.