printout House: Iwaki, Fukushima

Asset type
Bid period ended

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Base bid price 4,580,000yen You could bid above 3,664,000yen
Bid period ended


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


Location Iwaki, Fukushima
Traffic access on report(japanese) JR常磐線「草野」駅 南方 約7.6km(道路距離)
Reference(japanese) -

Property data

Type Land Not for saleYes Property number 1
Registered category Residential land Actual category -
Registered area 865.66m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 734.72m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 3
Building number 8-2
Registered type Factory Actual -
Registered structure steel structuredSlate-roofedroofed・Flat-roofed2F building Actual steel structuredSlate-roofed・Zinc-coated steel sheetroofed・Flat-roofed2F building
Registered floor area 1F 774.49m2,2F 248.80m2 Actual 1F ca.910.69m2
Layout Others Land right Ownership
Occupant Yes Year/month built 1985/02

Numerical data

Cap rate 70%以上 Area 1,159㎡
Gross yield 96%以上 Base bid price 4,580,000yen
Lease demand 9 / 25pt Minimum bid price 3,664,000yen
Ratio of years passed
to depreciable years
156% Earnest money deposit 916,000yen

Court data

Case number 2023(M)19 Announced 2024/06/11
Court Fukushima District Court (Iwaki) Start of viewing 2024/06/11
Sale type Sealed bid auction (2 times) Bid period 2024/07/02 ~ 2024/07/09
Farm land - Result 2024/07/17
Sale decision 2024/07/31 Special sale 2024/07/18 ~ 2024/07/22

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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 4580000yen in court auction is the same as buying the asset out of court auction at 4260000yen(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 provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

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Eviction etc. 0,000yen Renovations 0,000yen
Others 0,000yen
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