printout House: Chuo, Saitama, Saitama

Asset type
House
Yield
30.6%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 6,330,000yen You could bid above 5,064,000yen
Bid period ended

Results

Court classification House Sale price 7,127,000yen
Bid opening Sale Number of bidders 1
Winner qualification Corporation

Location

Location Chuo, Saitama, Saitama
Traffic access on report(japanese) JR線等 大宮駅 南西方 約500m(直線距離)
Reference(japanese) -

Property data

Type Land Share sale Property number 1
Registered category Rice field Actual category Residential land
Registered area 19m2 Actual area -
Zoning Semi-industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Share 6分-4
Type Building Share sale Property number 2
Building number 953-
Registered type Workshop Residence Actual Residence Apartment
Registered structure WoodenTile・Zinc-coated steel sheetroofed2F building Actual -
Registered floor area 1F 90.34m2,2F 88.98m2 Actual 1F 90.34m2,2F ca.95.60m2
Layout Others Land right Ownership・Others
Occupant Yes Year/month built 1972/06

Numerical data

Cap rate 30.6% Area 185㎡
Gross yield 42.1% Base bid price 6,330,000yen
Lease demand 21 / 25pt Minimum bid price 5,064,000yen
Ratio of years passed
to depreciable years
231% Earnest money deposit 1,266,000yen

Court data

Case number 2023(O)64 Announced 2024/03/19
Court Saitama District Court (Main) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/04/03 ~ 2024/04/10
Farm land - Result 2024/04/17
Sale decision 2024/05/08 Special sale 2024/04/22 ~ 2024/04/26

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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 6330000yen in court auction is the same as buying the asset out of court auction at 5890000yen(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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