printout House: Shouo, Okayama

Asset type
House
Yield
27.3%
Rank
★★☆☆☆
To the bid due22 days left

Property image

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Property URL

Base bid price 4,154,000yen You can bid above 3,323,200yen
To the bid due 22 days left

Location

Location Shouo, Okayama
Traffic access on report(japanese) JR姫新線 勝間田駅 北方 直線 約3,500m
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 426.59m2 Actual area -
Zoning Undesignated out of urban plan area Usage -
Building to land ratio - Floor area ratio -
Type Building Property number 2
Building number 1308-2
Registered type Residence Actual -
Registered structure WoodenCement tileroofed2F building Actual -
Registered floor area 1F 88.69m2,2F 19.40m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1974/07
Type Building Property number 3
Building number 1308-2-2
Registered type Residence Actual -
Registered structure WoodenSlate roofed2F building Actual -
Registered floor area 1F 50.51m2,2F 47.20m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2009/10

Numerical data

Cap rate 27.3% Area 108㎡
Gross yield 37.5% Base bid price 4,154,000yen
Lease demand 13 / 25pt Minimum bid price 3,323,200yen
Ratio of years passed
to depreciable years
142% Earnest money deposit 840,000yen

Court data

Case number 2023(M)6 Announced 2024/05/10
Court Okayama District Court (Tsuyama) Start of viewing 2024/05/10
Sale type Sealed bid auction (2 times) Bid period 2024/06/06 ~ 2024/06/13
Farm land - Result 2024/06/19
Sale decision 2024/07/10 Special sale -
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Points to note

Property price for assets not on court auctions does not include miscellaneous purchase expenses of about 7.5%.

Thus buying the asset at 4154000yen in court auction is the same as buying the asset out of court auction at 3860000yen(excluding misc. expenses).

In foreclosed properties, expenses for purchasing differ from ordniary purchase. Generally, however, it takes about 30%, depending on location and asset, in intermediary margins. Court auction is the sole market in which general public can eliminiate this margin.

For the same money, one can acquire better quality in foreclosed properties: auction concierges of 981.jp provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

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