printout House: Sanjo, Niigata

Asset type
House
Yield
2.5%
Rank
☆☆☆☆☆
Bid period ended

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Property URL

Base bid price 6,330,000yen You could bid above 5,064,000yen
Bid period ended

Results

Court classification House Sale price 7,340,734yen
Bid opening Sale Number of bidders 1
Winner qualification Corporation

Location

Location Sanjo, Niigata
Traffic access on report(japanese) JR弥彦線「北三条」駅 北方 道路距離 約1.5km 三条市循環バス「石上」停留所 北方 道路距離 約50m
Reference(japanese) JR弥彦線 燕三条駅 東方 1.28km 上越新幹線 燕三条駅 東方 1.33km JR信越本線 東三条駅 北西方 2.63km

Property data

Type Land Share sale Property number 1
Registered category Public road Actual category -
Registered area 37m2 Actual area -
Zoning Residential Class I Semi-commercial Usage -
Building to land ratio 60% 80% Floor area ratio 200% 200%
Share Half
Type Land Property number 2
Registered category Other land Actual category Residential land
Registered area 430m2 Actual area -
Zoning Residential Class I Semi-commercial Usage -
Building to land ratio 60% 80% Floor area ratio 200% 200%
Type Building Property number 3
Building number 150-4
Registered type Office Actual -
Registered structure Lightsteel structuredZinc-coated steel sheetroofedOne-story Actual -
Registered floor area 19.87m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1996/11

Numerical data

Cap rate 2.5% Area 19㎡
Gross yield 3.4% Base bid price 6,330,000yen
Lease demand 11 / 25pt Minimum bid price 5,064,000yen
Ratio of years passed
to depreciable years
108% Earnest money deposit 1,266,000yen

Court data

Case number 2023(M)20 Announced 2024/03/01
Court Niigata District Court (Sanjo) Start of viewing 2024/03/01
Sale type Sealed bid auction (1 times) Bid period 2024/04/05 ~ 2024/04/12
Farm land - Result 2024/04/17
Sale decision 2024/05/09 Special sale 2024/04/19 ~ 2024/04/23

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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 6330000yen in court auction is the same as buying the asset out of court auction at 5890000yen(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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