printout House: Odawara, Kanagawa

Asset type
House
Yield
9.2%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 23,240,000yen You could bid above 18,592,000yen
Bid period ended

Results

Court classification House Sale price 26,398,800yen
Bid opening Sale Number of bidders 3
Winner qualification Corporation

Location

Location Odawara, Kanagawa
Traffic access on report(japanese) JR東海道本線「小田原」駅 北東方 約1.5km 徒歩約19分 小田急小田原線等「小田原」駅 北東方 約1.5km 徒歩約19分 伊豆箱根鉄道大雄山線「井細田」駅 南東方 約550m 徒歩約7分
Reference(japanese) 「下井細田」バス停 至近

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 264.48m2 Actual area -
Zoning Semi-commercial Usage -
Building to land ratio 80% Floor area ratio 200%
Type Building Property number 2
Building number 102-6
Registered type Shop・Office Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual WoodenAlloyplatingsteel sheet roofed3story building
Registered floor area 1F 84.46m2,2F 84.46m2 Actual 1F 84.46m2,2F 84.46m2,3F ca.15m2
Layout 1F:Shop1・2,Office1,2F:Office2・3・4,3F:洋Room Land right Ownership
Occupant Yes Year/month built 2012/09

Numerical data

Cap rate 9.2% Area 183㎡
Gross yield 12.7% Base bid price 23,240,000yen
Lease demand 19 / 25pt Minimum bid price 18,592,000yen
Ratio of years passed
to depreciable years
50% Earnest money deposit 4,648,000yen

Court data

Case number 2023(M)106 Announced 2024/03/13
Court Yokohama District Court (Odawara) Start of viewing 2024/03/13
Sale type Sealed bid auction (1 times) Bid period 2024/04/04 ~ 2024/04/11
Farm land - Result 2024/04/17
Sale decision 2024/04/30 Special sale 2024/04/24 ~ 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 23240000yen in court auction is the same as buying the asset out of court auction at 21620000yen(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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