printout House: Oofunato, Iwate

Asset type
House
Yield
36.2%
Rank
★★★★☆
Bid period ended

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Property URL

Base bid price 11,658,000yen You could bid above 9,326,400yen
Bid period ended

Results

Court classification House Sale price -
Bid opening No sale Number of bidders -
Winner qualification -

Location

Location Oofunato, Iwate
Traffic access on report(japanese) JR大船渡線「BRT地ノ森」駅 南方 約510m(道路距離) 岩手県交通バス「上山」停留所 北東方 約390m(徒歩約5分)
Reference(japanese) JR大船渡線 大船渡駅 北方 0.55km 三陸鉄道リアス線 陸前赤崎駅 西方 1.92km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 363.17m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 51-5
Registered type Hotel Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 209.35m2,2F 211.57m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2018/04

Numerical data

Cap rate 36.2% Area 420㎡
Gross yield 49.8% Base bid price 11,658,000yen
Lease demand 8 / 25pt Minimum bid price 9,326,400yen
Ratio of years passed
to depreciable years
22% Earnest money deposit 2,331,600yen

Court data

Case number 2023(M)7 Announced 2024/03/19
Court Morioka District Court (Ichinoseki) Start of viewing 2024/03/19
Sale type Sealed bid auction (2 times) Bid period 2024/04/10 ~ 2024/04/17
Farm land - Result 2024/04/24
Sale decision 2024/05/15 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 11658000yen in court auction is the same as buying the asset out of court auction at 10840000yen(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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Bid 0,000yen Support service 0,000yen
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Eviction etc. 0,000yen Renovations 0,000yen
Others 0,000yen
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Total cost of acquisition 0,000yen

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Projected yield %