printout House: Itogawa, Niigata

Asset type
House
Yield
70%以上
Rank
★★☆☆☆
Bid period ended

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Base bid price 990,000yen You could bid above 792,000yen
Bid period ended

Results

Court classification House Sale price 2,823,999yen
Bid opening Sale Number of bidders 4
Winner qualification Individual

Location

Location Itogawa, Niigata
Traffic access on report(japanese) えちごトキめき鉄道日本海ひすいライン「糸魚川」駅 西方 道路距離 約110m(徒歩約2分) バス停留所「糸魚川駅日本海口」 西方 道路距離 約130m(徒歩約2分)
Reference(japanese) 北陸新幹線 糸魚川駅 北西方 0.11km JR大糸線 糸魚川駅 西方 0.21km

Property data

Type Land Property number 1
Registered category Residential land Actual category Residential-road
Registered area 63.93m2 Actual area -
Zoning Commercial Usage -
Building to land ratio 80% Floor area ratio 400%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 8.48m2 Actual area -
Zoning Commercial Usage -
Building to land ratio 80% Floor area ratio 400%
Type Building Property number 3
Building number 239-9
Registered type Shop・Residence Actual -
Registered structure steel structuredStainless steel sheet roofed3story building Actual -
Registered floor area 1F 55.04m2,2F 58.58m2,3F 58.58m2 Actual -
Layout 1FShop,2FShop・Studio,3FResidence(2DK) Land right Ownership・Others
Occupant debtor・owner Year/month built 1985/10

Numerical data

Cap rate 70%以上 Area 172㎡
Gross yield 96%以上 Base bid price 990,000yen
Lease demand 4 / 25pt Minimum bid price 792,000yen
Ratio of years passed
to depreciable years
152% Earnest money deposit 198,000yen

Court data

Case number 2023(M)24 Announced 2024/03/11
Court Niigata District Court (Takada) Start of viewing 2024/03/11
Sale type Sealed bid auction (1 times) Bid period 2024/04/08 ~ 2024/04/15
Farm land - Result 2024/04/18
Sale decision 2024/05/09 Special sale 2024/04/22 ~ 2024/04/24

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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 990000yen in court auction is the same as buying the asset out of court auction at 920000yen(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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