printout Mansion: Nishi, Sakai, Osaka

Asset type
Apartment
Yield
5.7%
Rank
★★☆☆☆
Bid period ended

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Base bid price 10,770,000yen You could bid above 8,616,000yen
Bid period ended

Results

Court classification Apartment Sale price 18,180,000yen
Bid opening Sale Number of bidders 13
Winner qualification Corporation

Location

Location Nishi, Sakai, Osaka
Name of building ライオンズマンション鳳北ガーデンシティ same apartment.
Traffic access on report(japanese) JR阪和線「津久野」駅 北西方 道路距離 約800m
Reference(japanese) 阪堺電軌阪堺線 船尾駅 南東方 1.23km 阪和線 上野芝駅 西方 1.44km 南海本線 諏訪ノ森駅 南東方 1.45km

Property data

Type Apartment building Property number 1
Building number 鳳北町九丁520-1-301
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 3F part 67.63m2 Actual -
Layout 3LDK バルコニー南西・北西・北East side ca.26.65m2 Balcony ca.26.65m2
Service fee etc. 15,660 Land right Ownership
Occupant debtor・owner Year/month built 1999/05
Floor 3F / 14 Total units 140

Numerical data

Cap rate 5.7% Area 67㎡
Gross yield 7.8% Base bid price 10,770,000yen
Lease demand 20 / 25pt Minimum bid price 8,616,000yen
Ratio of years passed
to depreciable years
51% Earnest money deposit 2,160,000yen

Court data

Case number 2023(M)104 Announced 2024/03/15
Court Osaka District Court (Sakai) Start of viewing 2024/03/15
Sale type Sealed bid auction (1 times) Bid period 2024/04/03 ~ 2024/04/11
Farm land - Result 2024/04/18
Sale decision 2024/05/02 Special sale -

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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 10770000yen in court auction is the same as buying the asset out of court auction at 10020000yen(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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