printout Mansion: Toyota, Aichi

Asset type
Apartment
Yield
21.6%
Rank
★★★☆☆
Bid period ended

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Base bid price 4,150,000yen You could bid above 3,320,000yen
Bid period ended

Results

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

Location

Location Toyota, Aichi
Traffic access on report(japanese) 愛知環状鉄道線「保見」駅 北方 道路距離 約1,600m とよたおいでんバス「東保見小学校前」停 南方 道路距離 約110m
Reference(japanese) 愛知環状鉄道線 篠原駅 南東方 1.67km 名鉄豊田線 浄水駅 北方 2.87km

Property data

Type Land Share sale Property number 1
Registered category Residential land Actual category -
Registered area 5165.30m2 Actual area -
Zoning High residential Class I Usage -
Building to land ratio 60% Floor area ratio 150%
Share 100000分-2366
Type Apartment building Property number 2
Building number 保見ケ丘五丁目 1-9-40
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 5F part 91.64m2 Actual -
Layout 6DK バルコニー(南側) Balcony Yes
Service fee etc. 20,500 Land right Ownership
Occupant debtor・owner Year/month built 1983/08
Floor 5F Total units -

Numerical data

Cap rate 21.6% Area 91㎡
Gross yield 29.7% Base bid price 4,150,000yen
Lease demand 13 / 25pt Minimum bid price 3,320,000yen
Ratio of years passed
to depreciable years
85% Earnest money deposit 830,000yen

Court data

Case number 2023(M)64 Announced 2024/03/19
Court Nagoya District Court (Okazaki) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/04/04 ~ 2024/04/11
Farm land - Result 2024/04/18
Sale decision 2024/05/08 Special sale 2024/04/24 ~ 2024/04/24

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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 4150000yen in court auction is the same as buying the asset out of court auction at 3860000yen(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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