printout House: HigashiOmi, Shiga

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

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Base bid price 2,000,000yen You could bid above 1,600,000yen
Bid period ended

Results

Court classification House Sale price 4,590,000yen
Bid opening Sale Number of bidders 5
Winner qualification Corporation

Location

Location HigashiOmi, Shiga
Traffic access on report(japanese) 近江鉄道本線「八日市」駅 北東方 道路距離 約950m 最寄バス停「乳橋」 北方 約100m
Reference(japanese) 近江鉄道八日市線 八日市駅 北東方 0.67km 近江鉄道本線 河辺の森駅 南方 1.84km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 154.61m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 70% Floor area ratio 200%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 39.66m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 70% Floor area ratio 200%
Type Building Property number 3
Building number 532-1
Registered type Residence Actual -
Registered structure Lightsteel structuredZinc-coated steel sheetroofed2F building Actual -
Registered floor area 1F 76.94m2,2F 53.32m2 Actual 1F ca.105.94m2,2F 53.32m2
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1973/04

Numerical data

Cap rate 70%以上 Area 159㎡
Gross yield 96%以上 Base bid price 2,000,000yen
Lease demand 12 / 25pt Minimum bid price 1,600,000yen
Ratio of years passed
to depreciable years
200% Earnest money deposit 400,000yen

Court data

Case number 2023(M)43 Announced 2024/03/18
Court Otsu District Court (Hikone) Start of viewing 2024/03/18
Sale type Sealed bid auction (1 times) Bid period 2024/04/08 ~ 2024/04/15
Farm land - Result 2024/04/22
Sale decision 2024/05/20 Special sale 2024/04/30 ~ 2024/04/30

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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 2000000yen in court auction is the same as buying the asset out of court auction at 1860000yen(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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