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  1. All the properties posted to this website arereal estate sold based on the Japanese law, and the point of contact for it is the court.
  2. The court dose not involve in the availabilit, state, and hand over the property. Therefore, please keep in mind that it would be impossible the trading without the agent.
  3. If the propery's base bid price is low there is possibility that the bid target could be a part of sheres of coownership or there is amount of administrative expenses delinquent (the highest bidder should pay for it) . So that most of case that the highest bidder can not use the property even if he/she purchase it or the large coste may occur with additional. Therefore we do not support the auction the base bidding price is under 1,000,000yen.
  4. The estimated purchase price is approximate 15 to 20% off market price in urban area. In case of suburb or resort are, the purchase price could be at less than half the market price.
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Farm: Kinokawa, Wakayama

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Registered virtual bidding 0properties Input
base bid price ¥ 680,000
estimate winning bid ¥
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Asset type
Farm
Yield
-
Rank
CRank
To the bid due84 days left

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Base bid price 680,000yen You can bid above 544,000yen
To the bid due 84 days left Disclosed on Jun 21, 2019

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Map Kinokawa, Wakayama [Area map]

Location

Location Kinokawa, Wakayama
Traffic access on report(japanese) JR和歌山線 下井阪駅 北方 約1.4km(道路距離)約1.2km(直線距離)
Reference(japanese) JR和歌山線 打田 東方 2.09km JR和歌山線 岩出 南西方 2.76km

Property data

Type Land(Farm) Property number 1
Registered category Rice field Actual category -
Registered area 1038m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 70% Floor area ratio 200%
Type Land(Farm) Property number 2
Registered category Rice field Actual category -
Registered area 391m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 70% Floor area ratio 200%

Numerical data

Cap rate - Area 1,429㎡
Gross yield - Base bid price 680,000yen
Lease demand 11 / 25pt Minimum bid price 544,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 136,000yen
Year/ month built -

Court data

Case number 2016(M)162 Announced Jun 21, 2019
Court Wakayama District Court (Main) Start of viewing Jun 21, 2019
Sale type Sealed bid auction (3 times) Bid period Nov 1, 2019 ~ Nov 8, 2019
Farm land Result Nov 15, 2019
Sale decision Jan 31, 2020 Special sale Nov 20, 2019 ~ Dec 4, 2019
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 680000yen in court auction is the same as buying the asset out of court auction at 630000yen(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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