printout House: Shibata, Niigata

Asset type
House
Yield
15.2%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 6,850,000yen You could bid above 5,480,000yen
Bid period ended

Results

Court classification House Sale price 12,288,000yen
Bid opening Sale Number of bidders 7
Winner qualification Corporation

Location

Location Shibata, Niigata
Traffic access on report(japanese) JR白新線「新発田」駅 東方 道路距離 約1.3km 「東新町3丁目」バス停 南東方 道路距離 約350m
Reference(japanese) JR羽越本線 新発田駅 東方 1.18km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 185.14m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 380-23
Registered type Residence Actual -
Registered structure WoodenAlloy plated sheet roofing2F building Actual -
Registered floor area 1F 68.00m2,2F 66.00m2 Actual -
Layout 4LDK Land right Ownership
Occupant debtor・owner Year/month built 2004/10

Numerical data

Cap rate 15.2% Area 134㎡
Gross yield 20.9% Base bid price 6,850,000yen
Lease demand 11 / 25pt Minimum bid price 5,480,000yen
Ratio of years passed
to depreciable years
86% Earnest money deposit 1,370,000yen

Court data

Case number 2023(M)71 Announced 2024/03/11
Court Niigata District Court (Main) Start of viewing 2024/03/11
Sale type Sealed bid auction (1 times) Bid period 2024/04/08 ~ 2024/04/15
Farm land - Result 2024/04/22
Sale decision 2024/05/13 Special sale 2024/04/24 ~ 2024/04/26

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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 6850000yen in court auction is the same as buying the asset out of court auction at 6370000yen(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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