printout House: Kushiro, Hokkaido

Asset type
House
Yield
11.4%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 7,760,000yen You could bid above 6,208,000yen
Bid period ended

Results

Court classification House Sale price 8,139,999yen
Bid opening Sale Number of bidders 4
Winner qualification Corporation

Location

Location Kushiro, Hokkaido
Traffic access on report(japanese) JR根室本線「新富士」駅 北方 道路距離 約3.6km 最寄バス停くしろバス「昭和北3丁目」 東方 道路距離 約160m
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 190.00m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 50% Floor area ratio 80%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 190.00m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 50% Floor area ratio 80%
Type Building Property number 3
Building number 190-1580
Registered type Residence Actual -
Registered structure WoodenAlloyplatingsteel sheet roofedOne-story Actual -
Registered floor area 90.26m2 Actual -
Layout 3LDK Land right Ownership
Occupant debtor・owner Year/month built 2019/05

Numerical data

Cap rate 11.4% Area 90㎡
Gross yield 15.7% Base bid price 7,760,000yen
Lease demand 9 / 25pt Minimum bid price 6,208,000yen
Ratio of years passed
to depreciable years
18% Earnest money deposit 1,552,000yen

Court data

Case number 2023(M)17 Announced 2024/03/21
Court Kushiro District Court (Main) Start of viewing 2024/03/21
Sale type Sealed bid auction (2 times) Bid period 2024/04/05 ~ 2024/04/12
Farm land - Result 2024/04/17
Sale decision 2024/05/01 Special sale 2024/04/18 ~ 2024/04/22

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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 7760000yen in court auction is the same as buying the asset out of court auction at 7220000yen(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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