printout House: Funabashi, Chiba

Asset type
House
Yield
10.8%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 272,210,000yen You could bid above 217,768,000yen
Bid period ended

Location

Location Funabashi, Chiba
Traffic access on report(japanese) JR総武線「船橋駅」 北方 道路距離 約900m 東武野田線「新船橋駅」 南東方 道路距離 約650m 東葉高速鉄道「東海神駅」 北東方 道路距離 約450m
Reference(japanese) 京成本線 京成船橋駅 北方 1.00km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 1492.10m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 1023-11
Registered type Apartment Actual -
Registered structure SteelconcreteFlat-roofed5 story building Actual -
Registered floor area 1F 450.95m2,2F 464.18m2,3F 464.18m2,4F 398.57m2,5F 182.70m2 Actual -
Layout 3LDK×26Room,2LDK×3Room,Custodian room×1Room Land right Ownership
Occupant Yes Year/month built 2002/03

Numerical data

Cap rate 10.8% Area 1,960㎡
Gross yield 14.9% Base bid price 272,210,000yen
Lease demand 22 / 25pt Minimum bid price 217,768,000yen
Ratio of years passed
to depreciable years
46% Earnest money deposit 54,442,000yen

Court data

Case number 2023(O)121 Announced 2024/04/17
Court Chiba District Court (Main) Start of viewing 2024/04/17
Sale type Sealed bid auction (1 times) Bid period 2024/05/08 ~ 2024/05/15
Farm land - Result 2024/05/22
Sale decision 2024/06/05 Special sale 2024/05/23 ~ 2024/05/27

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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 272210000yen in court auction is the same as buying the asset out of court auction at 253220000yen(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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