printout House: Niiza, Saitama

Asset type
House
Yield
8.4%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 35,750,000yen You could bid above 28,600,000yen
Bid period ended

Results

Court classification House Sale price 51,150,000yen
Bid opening Sale Number of bidders 4
Winner qualification Corporation

Location

Location Niiza, Saitama
Traffic access on report(japanese) 西武池袋線「ひばりヶ丘」駅 北方 約900m(直線距離)
Reference(japanese) 西武池袋線 東久留米駅 東方 1.23km

Property data

Type Land Share sale Property number 1
Registered category Public road Actual category -
Registered area 14m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Share Half
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 146.50m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 3
Registered category Residential land Actual category -
Registered area 1.25m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 4
Building number 124-20
Registered type Apartment Actual -
Registered structure steel structuredSlate-roofedroofed3story building Actual -
Registered floor area 1F 71.25m2,2F 71.25m2,3F 71.25m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 1988/02

Numerical data

Cap rate 8.4% Area 213㎡
Gross yield 11.6% Base bid price 35,750,000yen
Lease demand 22 / 25pt Minimum bid price 28,600,000yen
Ratio of years passed
to depreciable years
144% Earnest money deposit 7,150,000yen

Court data

Case number 2023(M)161 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 35750000yen in court auction is the same as buying the asset out of court auction at 33260000yen(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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