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Superb Villa with a Stylish Interior + Annexes, near Montepulciano
€1,840,000
$2,005,600
€
$
Montepulciano, Tuscany
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Ref #: V60063
Fauglia, TuscanyRef #: V60063
An immaculately restored historic villa, in contemporary style, in the rolling Tuscan hills, about 20 kilometers south of Pisa. Typical Tuscan hills, oak and chestnut forests and numerous vineyards characterize the surrounding area and the location is near the famous Strada del Vino delle Colline Pisane.
To the northwest, the view from the property extends over the Pisan plain to the horizon, where the Apuan Prealps rise majestically on clear days and complete the panorama. Numerous historic cities of Tuscany are within easy day trips from the villa.
The villa itself is a classic example of architecture from the second half of the 19th century. It once belonged to the wealthy Conti family. During the time of Cesira Filicchi Conti, a tower was added to the building. The villa’s large, protected park was designed by architect Arturo Conti (architect of the Archaeological Museum of Athens, among others) and is home to impressive Libyan cedars that are up to 300 years old. The villa was once a meeting place for the region’s influential families and is still surrounded by olive groves and vineyards.
The estate comprises a well-kept area of approximately 3 hectares with woods, lawns and park. The sunny swimming pool is nestled in the park and offers an oasis of peace and complete privacy.
The property is in excellent general condition, having been lovingly maintained and renovated by the owners over the years.
All major services are nearby. The village of Fauglia is about 3 km away. The location is ideal: the Fi-Pi-Li (Florence-Pisa-Livorno) highway and the motorway are just a few kilometers away, as is Pisa International Airport (20 km). Pisa is 20 km away, Lucca 40 km, Florence 80 km and the coast only 20 km away.
The spacious villa, with around 600 sqm of living space, has well-proportioned rooms and artistic ceiling frescoes. It is an ideal retreat for families and friends to spend relaxing hours. On the upper floor, a separate apartment with two bedrooms, bathroom, kitchen and roof terrace can be created.
The prestigious entrance area on the ground floor leads to two living rooms, each with impressive marble fireplaces. From here, you also access the staircase and the spacious, modern kitchen with dining area – an inviting space for cooking and eating together. Large double French windows open up all the living areas on the ground floor to the green Tuscan countryside. Also on the ground floor are a bathroom, a guest toilet, the laundry room and the storage room.
On the first floor, there is a further living room or study, 5 bedrooms, 5 bathrooms and a dressing room. A narrow staircase leads to an additional bedroom in the tower and the picturesque roof terrace overlooking the greenery.
The property has an underground room, the “cantina”, ideal as a wine cellar, and a small building near the entrance gate: the limonaia. Here the lemon trees were stored in large ceramic pots during the winter.
The estate exudes a relaxed and harmonious atmosphere and is the perfect place to fully enjoy the beauty of Tuscany.
The famous actress and muse of playwright Luigi Pirandello (one of the most important playwrights of the 20th century, awarded the Nobel Prize for Literature in 1934), Marta Abba, lived in the villa from 1963 to 1984. Marta Abba wanted to establish a drama school here and had several plays staged on the estate – an attempt to realize her vision of a cultural center. Numerous artists, including the painter and sculptor Giorgio Kienerk, lived in the immediate vicinity.
The villa has been restored including:
Renovation of the roof terrace
All windows double-glazed and restored.
A completely new heating system was installed, all pipes were renewed.
Solar thermal energy (10 panels) and a combination of Herz wood gasifier and pellet stove with accumulator.
Water softening system
The electrical system was completely renewed on the ground floor and in the apartment on the upper floor. New wiring under the plaster.
Walls and doors painted
Address: Fauglia, Tuscany
Location type: Rural
Condition: Restored
Bedrooms: 7
Bathrooms: 6
Property size: 600 sqm
Land size: 3 hectares
A notary is a qualified lawyer who is employed by the Italian government. When you are buying Italian property, it is a notary who conducts the legal transfer of a property from vendor to buyer, and prepares the deed of sale, checks there are no charges on the property, title issues and with the assistance of a technician such as a geometra or architect, checks the property conforms to all planning issues.
It is always the buyer and not the vendor who pays the purchase taxes due and who pays the notary fees also. This means that it is up to the buyer which notary is used. In practice it is usually one of the local notaries and we can recommend which one to use and which one is cheapest, as notary prices do vary.
We provide a detailed list of all fees and taxes (including the notary’s quote) before you sign any contracts.
Translator – if you do not speak fluent, enough to understand detailed legal contracts, you will need to have a translator at the notary deed. Your agent or the notary will usually arrange this so you don’t need to worry about it. The cost varies but is often 200-300 euros. This can sometimes be shared with the vendor if they are also non fluent in Italian.
This depends firstly on two things.
A. Are you buying as a resident or a non resident?
B. Are you buying from private individuals or from a company?
If you are buying from private individuals, then the taxes you pay are based on the cadastral value – a nominal value which each property has and which depends on its size, location, standard etc – nothing to do with the market value.
Example 1:
House price agreed €100,000.
Property belongs to private sellers.
Cadastral value of the property €32,000.
Let’s say you intend buying the house as a non resident (.ie. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 9% on cadastral value €32,000 so €2,880 plus a few smaller fixed taxes.
Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy;
Taxes payable are 2% on cadastral value €32,000 so €640 plus a few smaller fixed taxes. A minimum figure may be payable.
Please note, you could buy the house as a resident and pay the lower rate of tax if you intend moving there and obtaining residency within the next 18 months. Don’t be tempted to do this unless you are definitely sure you will become a resident. If you then do not, you need to pay the difference in taxes plus a penalty of around 30%.
If there is substantial land (not just a garden) with the property, then 15% is payable on the value attributed to the land, which can be quite low, eg a value of €15,000 could be attributed to the land so 15% of 15,000 = €2,250 would be the tax on the land.
Example 2:
House price €100,000
Property is being sold by a company
Cadastral value of the property is €32,000
Let’s say you intend buying the house as a non resident (i.e. you do not intend moving to Italy permanently and applying for residency).
Taxes payable are 10% VAT on full market price €100,000 so €10,000 plus a few smaller fixed taxes.
Or, if you intend moving to live in the house permanently, applying for Italian residency, then as long as you don’t already own another property in Italy,
Taxes payable are 4% VAT on €100,000 so €4,000 plus a few smaller fixed taxes.
Once we know
– which house you want to buy, its cadastral value and who owns it (company/individual)
– whether you intend to buy as a resident/non resident and if it’s your first property in Italy
only then can we ask the notary to provide a quote for the precise taxes payable.
Other circumstances
Then of course there are other scenarios.
If the value of the property you want to buy is very low (eg €50,000) then purchase costs are likely to be a higher percentage as there are set minimums to pay for all fees and taxes. So on a €50,000 house, you are likely to pay 12-15% instead of 10% (non resident).
You might want to buy a property (being sold by private individuals) with your company. Taxes are considerably higher in this case, as they would be 9% on the sale price (not on the cadastral value). So it’s cheaper to buy a privately owned property as a private individual, not as a company.
But, in the case of a country property which is a farm/winery/agriturismo, these are often owned by a farming company (azienda agricola) , which has considerable tax advantages as you can buy the farm and pay just 0-1% (depending on the circumstances) on the purchase price in tax.
Taxes would be different for a commercial purchase, eg if your company is buying an Italian company (ie a farm or other company). Buying the shares of a company usually meets zero taxes, just a few fixed fees, and notary and accountancy fees.
The above is a guide, and once you have found a property you are interested in buying, we can obtain a notary quote for you, with a full breakdown of the taxes and fees due.
Notary fees – approx 1-2%, more for a lower priced property due to some fixed taxes.
Agency fees – in Italy both buyer and seller pay the agent. These are payable to the Italian agent (one of our partners) you view the house with at compromesso (preliminary contract) stage and for each party are usually 3% plus VAT. VAT is 22% in Italy. Minimums apply. Nothing is payable to Casa Tuscany so you will not pay double the fees, you will just have double the assistance!
Compromesso registration fees – approx €380 plus a part payment of taxes which is deducted from the total taxes due at completion.
Translator for the deed signing at the notary’s office. Required if you do not speak Italian well enough to understand legal deeds. Approx cost €250 – €350 depending on the notary.
Technical report for the notary. Checks all the planning issues of the property, making sure it matches the official plans, no works have been carried out without permission, gathers all previous permits, checks the house is sellable and not illegal in any way. Carried out by a geometra, architect or engineer and costs vary considerably, a minimum of €761 including VAT/ Please note this report is NOT a structural survey, that is an optional additional report you may wish to instruct.
Local council tax – IMU (formerly ICI) – payable only by non residents. This needs to be paid twice a year at the post office – no bill is sent. Most people use a local accountant or property manager to calculate it.
Refuse tax (TARI)
In some areas, mountain community tax.
If you buy a property which is part of a condominium, e.g. with shared pool and grounds, lighting etc, then there will be annual condominium fees to pay which usually range from about €200 to €1000/year unless it is a particularly luxurious property with many amenities in which case costs could be higher.
Utilities
You don’t really need an Italian bank account for buying a property in Italy any more as money is usually sent by bank transfer, although some notaries insist the funds are sent from an Italian account set up by you.
You could of course open an account to handle bills but bear in mind that some utilities companies refuse to arrange direct debits for non resident accounts, and some bills cannot be paid by direct debit.
You could always pay your bills online or if you have a property manager then send them the funds for settling all the bills.
If you do intend opening an Italian bank account, bear in mind that Italian bank charges are high . Usually there is a monthly fee to pay, plus charges for receiving money, paying bills, sending statements, etc etc.
Yes