printout House: Nishi, Niigata, Niigata

Asset type
House
Yield
10.7%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 9,650,000yen You could bid above 7,720,000yen
Bid period ended

Results

Court classification House Sale price 15,000,000yen
Bid opening Sale Number of bidders 9
Winner qualification Corporation

Location

Location Nishi, Niigata, Niigata
Traffic access on report(japanese) JR越後線「寺尾」駅 南方 道路距離 約1.5km 新潟交通バス停「坂井東小入口」 南方 道路距離 約500m
Reference(japanese) JR越後線 新潟大学前駅 東方 1.64km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 127.22m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 50% Floor area ratio 100%
Type Land Share sale Property number 2
Registered category Public road Actual category -
Registered area 257m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 50% Floor area ratio 100%
Share 7256Third3115
Type Land Property number 3
Registered category Public road Actual category -
Registered area 3.93m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 50% Floor area ratio 100%
Type Building Property number 4
Building number 1890-10
Registered type Residence Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 55.48m2,2F 54.65m2 Actual -
Layout 4LDK Land right Ownership
Occupant debtor・owner Year/month built 2012/11

Numerical data

Cap rate 10.7% Area 110㎡
Gross yield 14.7% Base bid price 9,650,000yen
Lease demand 15 / 25pt Minimum bid price 7,720,000yen
Ratio of years passed
to depreciable years
50% Earnest money deposit 1,930,000yen

Court data

Case number 2023(M)93 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 9650000yen in court auction is the same as buying the asset out of court auction at 8980000yen(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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