printout House: Minami, Okayama, Okayama

Asset type
House
Yield
45.4%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 4,420,000yen You could bid above 3,536,000yen
Bid period ended

Results

Court classification House Sale price 14,213,500yen
Bid opening Sale Number of bidders 4
Winner qualification Corporation

Location

Location Minami, Okayama, Okayama
Traffic access on report(japanese) JR宇野線 妹尾駅 南東方 直線 約3,400m
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 576.24m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 3
Registered category Rice field Actual category Other land
Registered area 397m2 Actual area -
Zoning Preserved Usage vacant lot
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 5
Registered category Rice field Actual category Other land
Registered area 177m2 Actual area -
Zoning Preserved Usage vacant lot
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 6
Registered category Rice field Actual category Other land
Registered area 1002m2 Actual area -
Zoning Preserved Usage vacant lot
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 7
Building number 1755-3
Registered type Apartment Actual -
Registered structure WoodenCement tile roofedroofed2F building Actual -
Registered floor area 1F 106.92m2,2F 106.92m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 1997/11
Type Building Property number 8
Building number 1755-3-2
Registered type Apartment Actual -
Registered structure WoodenCement tile roofedroofed2F building Actual -
Registered floor area 1F 106.92m2,2F 106.92m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 1998/03

Numerical data

Cap rate 45.4% Area 213㎡
Gross yield 62.4% Base bid price 4,420,000yen
Lease demand 17 / 25pt Minimum bid price 3,536,000yen
Ratio of years passed
to depreciable years
118% Earnest money deposit 890,000yen

Court data

Case number 2023(M)35 Announced 2024/03/08
Court Okayama District Court (Main) Start of viewing 2024/03/08
Sale type Sealed bid auction (1 times) Bid period 2024/04/04 ~ 2024/04/11
Farm land - Result 2024/04/18
Sale decision 2024/05/09 Special sale -

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Search similar properties Pro Basic List of similar properties nearby and sold out List of similar props.
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 4420000yen in court auction is the same as buying the asset out of court auction at 4110000yen(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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