printout House: Kinokawa, Wakayama

Asset type
House
Yield
13.8%
Rank
★☆☆☆☆
To the bid due17 days left

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Property URL

Base bid price 5,990,000yen You can bid above 4,792,000yen
To the bid due 17 days left

Location

Location Kinokawa, Wakayama
Traffic access on report(japanese) JR和歌山線「粉河」駅 北方 道路距離 約1.5km
Reference(japanese) JR和歌山線 紀伊長田駅 北東方 2.06km

Property data

Type Land Property number 1
Registered category Temple-shrine Actual category -
Registered area 5541m2 Actual area -
Zoning Others Usage -
Building to land ratio 70% Floor area ratio 200%
Type Building Property number 2
Building number 60000-266
Registered type Temple Actual -
Registered structure WoodenTile roofedOne-story Actual -
Registered floor area 135.53m2 Actual ca.98m2
Layout Others Land right Ownership
Occupant Yes Year/month built -

Numerical data

Cap rate 13.8% Area 98㎡
Gross yield 19.0% Base bid price 5,990,000yen
Lease demand 11 / 25pt Minimum bid price 4,792,000yen
Ratio of years passed
to depreciable years
150% Earnest money deposit 1,198,000yen

Court data

Case number 2023(O)12 Announced 2024/05/17
Court Wakayama District Court (Main) Start of viewing 2024/05/17
Sale type Sealed bid auction (2 times) Bid period 2024/06/07 ~ 2024/06/17
Farm land - Result 2024/06/24
Sale decision 2024/07/12 Special sale 2024/06/26 ~ 2024/06/26
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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 5990000yen in court auction is the same as buying the asset out of court auction at 5570000yen(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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