printout House: Masuda, Shimane

Asset type
House
Yield
24.5%
Rank
★☆☆☆☆
Bid period ended

Property image

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Property URL

Base bid price 5,750,000yen You could bid above 4,600,000yen
Bid period ended

Results

Court classification House Sale price -
Bid opening No sale Number of bidders -
Winner qualification -

Location

Location Masuda, Shimane
Traffic access on report(japanese) JR山陰本線「益田」駅 南東方 道路距離 約1.7km 最寄バス停「幸町」 南東方 約30m
Reference(japanese) JR山口線 益田駅 東方 1.50km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 203.07m2 Actual area -
Zoning Commercial Usage -
Building to land ratio 80% Floor area ratio 400%
Type Building Property number 2
Building number ロ1835-9
Registered type Residence・Workshop Actual -
Registered structure steel structuredTiled roofed wooden 2 storey structure Actual steel structured・WoodenTile・Steel sheetroofed2F building
Registered floor area 1F 94.87m2,2F 110.76m2 Actual 1F 129.87m2,2F 110.76m2
Layout Others Land right Ownership・Land lease
Occupant debtor・owner Year/month built 1984/03

Numerical data

Cap rate 24.5% Area 240㎡
Gross yield 33.7% Base bid price 5,750,000yen
Lease demand 2 / 25pt Minimum bid price 4,600,000yen
Ratio of years passed
to depreciable years
160% Earnest money deposit 1,150,000yen

Court data

Case number 2023(M)3 Announced 2024/04/05
Court Matsue District Court (Hamada) Start of viewing 2024/04/05
Sale type Sealed bid auction (1 times) Bid period 2024/04/24 ~ 2024/05/02
Farm land - Result 2024/05/09
Sale decision 2024/05/29 Special sale 2024/05/10 ~ 2024/05/10

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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 5750000yen in court auction is the same as buying the asset out of court auction at 5350000yen(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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Others 0,000yen
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