printout Mansion: Urawa, Saitama, Saitama

Asset type
Apartment
Yield
4.0%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 20,450,000yen You could bid above 16,360,000yen
Bid period ended

Results

Court classification Apartment Sale price 33,713,710yen
Bid opening Sale Number of bidders 22
Winner qualification Corporation

Location

Location Urawa, Saitama, Saitama
Name of building ドラゴンマンション浦和常艇2番館 same apartment.
Traffic access on report(japanese) JR京浜東北線「北浦和」駅 南方 920m(直線距離)
Reference(japanese) JR京浜東北線 浦和駅 北西方 1.07km JR東北本線 浦和駅 北西方 1.07km JR湘南新宿ライン 浦和駅 北西方 1.07km

Property data

Type Apartment building Property number 1
Building number 常盤五丁目 110-2-207
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 2F part 61.94m2 Actual -
Layout 3LDK バルコニーYes Balcony Yes
Service fee etc. 25,620 Land right Ownership
Occupant debtor・owner Year/month built 1999/01
Floor 2F / 13 Total units 39

Numerical data

Cap rate 4.0% Area 61㎡
Gross yield 5.5% Base bid price 20,450,000yen
Lease demand 24 / 25pt Minimum bid price 16,360,000yen
Ratio of years passed
to depreciable years
53% Earnest money deposit 4,090,000yen

Court data

Case number 2023(M)186 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 20450000yen in court auction is the same as buying the asset out of court auction at 19020000yen(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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