printout House: Mihama, Wakayama

Asset type
House
Yield
70%以上
Rank
★★☆☆☆
To the bid due28 days left

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Property URL

Base bid price 1,650,000yen You can bid above 1,320,000yen
To the bid due 28 days left

Location

Location Mihama, Wakayama
Traffic access on report(japanese) 紀州鉄道線「市役所前」駅 北西方 道路距離 約2.9km 熊野御坊南海バス「和田西」停留所 北方 道路距離 約160m
Reference(japanese) 紀州鉄道線 紀伊御坊駅 北西方 2.11km JR紀勢本線 御坊駅 西方 2.32km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 205.91m2 Actual area -
Zoning Undesignated out of urban plan area Usage -
Building to land ratio - Floor area ratio -
Type Land Property number 2
Registered category Public road Actual category -
Registered area 11m2 Actual area -
Zoning Undesignated out of urban plan area Usage -
Building to land ratio - Floor area ratio -
Type Building Property number 3
Building number 1638-1
Registered type Residence・Warehouse Actual -
Registered structure WoodenTile・Slate-roofedroofed2F building Actual -
Registered floor area 1F 108.16m2,2F 20.49m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1974/03

Numerical data

Cap rate 70%以上 Area 128㎡
Gross yield 96%以上 Base bid price 1,650,000yen
Lease demand 4 / 25pt Minimum bid price 1,320,000yen
Ratio of years passed
to depreciable years
227% Earnest money deposit 330,000yen

Court data

Case number 2023(M)4 Announced 2024/05/02
Court Wakayama District Court (Gobo) Start of viewing 2024/05/02
Sale type Sealed bid auction (1 times) Bid period 2024/06/06 ~ 2024/06/13
Farm land - Result 2024/06/20
Sale decision 2024/07/11 Special sale 2024/07/04 ~ 2024/07/04
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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 1650000yen in court auction is the same as buying the asset out of court auction at 1530000yen(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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