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Farm: Shichinohe, Aomori

Asset type
Farm
Yield
-
Rank
ERank
Bid period ended

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Base bid price 288,000yen You could bid above 230,400yen
Bid period ended Disclosed on Feb 14, 2019

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Location

Location Shichinohe, Aomori
Traffic access on report(japanese) 町役場七戸庁舎 南西方 約4.5km(直線距離)
Reference(japanese) -

Property data

Type Land(Farm) Property number 1
Registered category Rice field Actual category Farm
Registered area 3705m2 Actual area -
Zoning TBD Usage -
Building to land ratio 70% Floor area ratio 200%

Numerical data

Cap rate - Area 3,705㎡
Gross yield - Base bid price 288,000yen
Lease demand 0 / 25pt Minimum bid price 230,400yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 57,600yen
Year/ month built -

Court data

Case number 2017(M)42 Announced -
Court Aomori District Court (Main) Start of viewing Feb 14, 2019
Sale type Special sale (1 times) Special sale Feb 14, 2019 ~ Feb 15, 2019
Farm land Result -
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 288000yen in court auction is the same as buying the asset out of court auction at 270000yen(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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