printout House: Itabashi, Tokyo

Asset type
House
Yield
7.1%
Rank
★★☆☆☆
To the bid due6 days left

Property image

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Property URL

Base bid price 56,930,000yen You can bid above 45,544,000yen
To the bid due 6 days left

Location

Location Itabashi, Tokyo
Traffic access on report(japanese) 都営三田線「板橋区役所前」駅 南方 約240m(徒歩約3分,道路距離)
Reference(japanese) 東武東上線 大山駅 東方 0.68km 都営三田線 新板橋駅 西方 0.85km JR埼京線 板橋駅 北西方 0.97km

Property data

Type Building Property number 1
Building number 五参-五-六
Registered type Apartment Actual -
Registered structure WoodenTile roofed2 story building Actual -
Registered floor area 1F 96.39m2,2F 95.57m2 Actual 1F ca.99m2,2F ca.99m2
Layout 1DK×6Room,1K×2Room Land right Land lease
Occupant debtor・owner Year/month built 1957/07

Numerical data

Cap rate 7.1% Area 198㎡
Gross yield 9.8% Base bid price 56,930,000yen
Lease demand 25 / 25pt Minimum bid price 45,544,000yen
Ratio of years passed
to depreciable years
300% Earnest money deposit 11,386,000yen

Court data

Case number 2023(M)610 Announced 2024/05/01
Court Tokyo District Court (Main) Start of viewing 2024/05/01
Sale type Sealed bid auction (1 times) Bid period 2024/05/16 ~ 2024/05/23
Farm land - Result 2024/05/29
Sale decision 2024/06/06 Special sale 2024/05/30 ~ 2024/06/03
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!Notice for foreigner!
  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.
  5. Those who do not have a certificate of residence in Japan, it may take more than a month to prepare it.
  6. Those who do not have a bank account in Japan's financial institution can not basically participate in bidding. Or you can use the Agent's account by paying a extra fee.
  7. It is extremely difficult for foreigners to use loans. If you have a certificate of residence in Japan, you can use it, however please take responsibility at your own risk.

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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 56930000yen in court auction is the same as buying the asset out of court auction at 52960000yen(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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