printout House: Iwatsuki, Saitama, Saitama

Asset type
House
Yield
6.0%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 38,761,000yen You could bid above 31,008,800yen
Bid period ended

Results

Court classification House Sale price 43,859,800yen
Bid opening Sale Number of bidders 3
Winner qualification Corporation

Location

Location Iwatsuki, Saitama, Saitama
Traffic access on report(japanese) 東武野田線「岩槻」駅 南東方 1,640m(直線距離)
Reference(japanese) 東武野田線 東岩槻駅 南方 2.02km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 200.02m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 2
Registered category Forest Actual category Other land
Registered area 155m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 3
Registered category Forest Actual category Other land
Registered area 112m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 4
Registered category Forest Actual category Other land
Registered area 42m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Share sale Property number 5
Registered category Other land Actual category -
Registered area 3.03m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Share 17分-2
Type Building Property number 6
Building number 1565-8
Registered type Office・Warehouse Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 99.37m2,2F 99.37m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2018/08

Numerical data

Cap rate 6.0% Area 198㎡
Gross yield 8.3% Base bid price 38,761,000yen
Lease demand 21 / 25pt Minimum bid price 31,008,800yen
Ratio of years passed
to depreciable years
22% Earnest money deposit 7,752,200yen

Court data

Case number 2023(M)85 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 38761000yen in court auction is the same as buying the asset out of court auction at 36060000yen(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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