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Property information

House: Yamagata, Yamagata

Asset type
House
Yield
31.2%
Rank
★★★☆☆
Bid deadline is 2026/01/20

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Base bid price 3,970,000yen
You can bid above 3,176,000yen

Location

Location Yamagata, Yamagata
Traffic access on report(japanese) JR奥羽本線「山形」駅 東南東方 道路距離 約1,800m 
Reference(japanese) 山形新幹線 山形駅 東方 1.80km JR仙山線 山形駅 東方 1.80km JR左沢線 山形駅 東方 1.80km

Property data

Type Land
Property number 1
Address 山形市東原町四丁目 121番1
Building number
Registered category Residential land
Actual category
Registered area 23.23m2
Actual area
Zoning Semi-commercial
Usage
Building to land ratio 80%
Floor area ratio 300%
Type Land
Property number 2
Address 山形市東原町四丁目 300番5
Building number
Registered category Residential land
Actual category
Registered area 60.66m2
Actual area
Zoning Semi-commercial
Usage
Building to land ratio 80%
Floor area ratio 300%
Type Building
Property number 3
Address 山形市東原町四丁目 121番地1、300番地5
Building number 121-1
Registered type Residence
Actual
Registered structure WoodenZinc-coated steel sheetroofed3 story building
Actual
Registered floor area 1F35.60m2,2F54.65m2,3F37.26m2
Actual 1F35.60m2,2F54.65m2,3Fca.27.06m2
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 1999/12

Numerical data

Base bid price 3,970,000yen Area 117㎡
Cap rate 31.2%
Gross yield 42.9%
Lease demand 17 / 25pt Minimum bid price 3,176,000yen
Ratio of years passed
to depreciable years
118% Earnest money deposit 794,000yen

Court data

Case number 2025(M)6 Result 2026/01/22
Court Yamagata District Court(Main) Start of viewing 2025/12/23
Sale type Sealed bid auction (1 times) Bid period 2026/01/13 ~ 2026/01/20
Sale decision 2026/02/12
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Analysis data

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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 3970000yen in court auction is the same as buying the asset out of court auction at 3690000yen(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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