printout Mansion: Kohoku, Yokohama, Kanagawa

Asset type
Apartment
Yield
6.9%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 10,140,000yen You could bid above 8,112,000yen
Bid period ended

Location

Location Kohoku, Yokohama, Kanagawa
Traffic access on report(japanese) 東急東横線「綱島」駅 北東方 約1.1km(道路距離) 「北綱島」バス停 徒歩約3分
Reference(japanese) 横浜市高速鉄道4号線 日吉本町駅 南東方 0.95km 東急東横線 日吉駅 南西方 1.30km 東急目黒線 日吉駅 南西方 1.30km

Property data

Type Land Share sale Property number 1
Registered category Residential land Actual category -
Registered area 682.69m2 Actual area -
Zoning Semi-residential Usage -
Building to land ratio 60% Floor area ratio 200%
Share 400000分-16652
Type Apartment building Property number 2
Building number 綱島西六丁目789-8-23
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 1F part 46.39m2 Actual -
Layout 3DK Balcony ca.6.5m2
Service fee etc. 22,287 Land right Ownership
Occupant debtor・owner Year/month built 1981/11
Floor 1F Total units 25

Numerical data

Cap rate 6.9% Area 46㎡
Gross yield 9.5% Base bid price 10,140,000yen
Lease demand 23 / 25pt Minimum bid price 8,112,000yen
Ratio of years passed
to depreciable years
89% Earnest money deposit 2,028,000yen

Court data

Case number 2023(O)115 Announced 2024/03/28
Court Yokohama District Court (Main) Start of viewing 2024/03/28
Sale type Sealed bid auction (1 times) Bid period 2024/05/07 ~ 2024/05/14
Farm land - Result 2024/05/21
Sale decision 2024/06/03 Special sale 2024/05/27 ~ 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 10140000yen in court auction is the same as buying the asset out of court auction at 9430000yen(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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