printout House: Obihiro, Hokkaido

Asset type
House
Yield
29.4%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 3,270,000yen You could bid above 2,616,000yen
Bid period ended

Location

Location Obihiro, Hokkaido
Traffic access on report(japanese) JR根室本線「帯広」駅 南西方 約750m(道路距離) 十勝バス「西7条13丁目」バス停 南方 約130m(道路距離)
Reference(japanese) JR根室本線 柏林台駅 南東方 2.97km

Property data

Type Land Share sale Property number 1
Registered category Other land Actual category Residential land
Registered area 178m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Share Half
Type Building Share sale Property number 2
Building number 11-7
Registered type Residence・Storage Actual Residence・Storage・Garage
Registered structure Wood・SteelconcreteZinc-coated steel sheetroofedwith B1FOne-story Actual -
Registered floor area 1F 97.20m2,with B1F 99.18m2 Actual -
Layout Others Land right Ownership・Others
Occupant Yes Year/month built 1983/07
Type Land Share sale Property number 3
Registered category Other land Actual category Residential land
Registered area 89m2 Actual area -
Zoning Residential Class II Usage vacant lot
Building to land ratio 60% Floor area ratio 200%
Share Half

Numerical data

Cap rate 29.4% Area 196㎡
Gross yield 40.4% Base bid price 3,270,000yen
Lease demand 12 / 25pt Minimum bid price 2,616,000yen
Ratio of years passed
to depreciable years
85% Earnest money deposit 654,000yen

Court data

Case number 2023(O)10, 2024(O)2 Announced 2024/05/22
Court Kushiro District Court (Obihiro) Start of viewing 2024/05/22
Sale type Sealed bid auction (1 times) Bid period 2024/06/06 ~ 2024/06/13
Farm land - Result 2024/06/19
Sale decision 2024/07/02 Special sale 2024/06/20 ~ 2024/06/24

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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 3270000yen in court auction is the same as buying the asset out of court auction at 3040000yen(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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