printout House: Sanjo, Niigata

Asset type
House
Yield
12.0%
Rank
★★☆☆☆
To the bid due30 days left

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Property URL

Base bid price 83,220,000yen You can bid above 66,576,000yen
To the bid due 30 days left

Location

Location Sanjo, Niigata
Traffic access on report(japanese) JR弥彦線 北三条駅 北方 道路距離 約1.5km バス停「石上2丁目」 東方 約400m
Reference(japanese) JR弥彦線 燕三条駅 東方 1.66km 上越新幹線 燕三条駅 東方 1.75km JR信越本線 東三条駅 北西方 2.64km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 621.00m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 907.67m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 3
Building number 99-2
Registered type Apartment Actual -
Registered structure SteelconcreteFlat-roofed5 story building Actual -
Registered floor area 1F 264.64m2,2F 244.78m2,3F 244.78m2,4F 244.78m2,5F 244.78m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 2002/03

Numerical data

Cap rate 12.0% Area 1,243㎡
Gross yield 16.5% Base bid price 83,220,000yen
Lease demand 11 / 25pt Minimum bid price 66,576,000yen
Ratio of years passed
to depreciable years
46% Earnest money deposit 16,644,000yen

Court data

Case number 2023(M)22 Announced 2024/05/10
Court Niigata District Court (Sanjo) Start of viewing 2024/05/10
Sale type Sealed bid auction (1 times) Bid period 2024/06/14 ~ 2024/06/21
Farm land - Result 2024/06/26
Sale decision 2024/07/10 Special sale 2024/06/28 ~ 2024/07/02
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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 83220000yen in court auction is the same as buying the asset out of court auction at 77410000yen(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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