printout House: Morioka, Iwate

Asset type
House
Yield
30.0%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 3,690,000yen You could bid above 2,952,000yen
Bid period ended

Results

Court classification House Sale price 5,010,000yen
Bid opening Sale Number of bidders 3
Winner qualification Individual

Location

Location Morioka, Iwate
Traffic access on report(japanese) JR東北本線「盛岡」駅 北東方 約4,900m 最寄バス停「白百合学園入り口」 約50m
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 179.19m2 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 43.44m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 50% Floor area ratio 80%
Type Building Property number 3
Building number 2-3
Registered type Shop・Residence Actual -
Registered structure WoodenZinc-coated steel sheetroofedOne-story Actual -
Registered floor area 110.60m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1974/12

Numerical data

Cap rate 30.0% Area 110㎡
Gross yield 41.3% Base bid price 3,690,000yen
Lease demand 17 / 25pt Minimum bid price 2,952,000yen
Ratio of years passed
to depreciable years
222% Earnest money deposit 738,000yen

Court data

Case number 2023(M)22 Announced 2024/03/22
Court Morioka District Court (Main) Start of viewing 2024/03/22
Sale type Sealed bid auction (1 times) Bid period 2024/04/12 ~ 2024/04/19
Farm land - Result 2024/04/23
Sale decision 2024/05/10 Special sale -

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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 3690000yen in court auction is the same as buying the asset out of court auction at 3430000yen(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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Others 0,000yen
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