printout House: Yonago, Tottori

Asset type
House
Yield
9.5%
Rank
★★★☆☆
Bid period ended

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Base bid price 9,750,000yen You could bid above 7,800,000yen
Bid period ended

Results

Court classification House Sale price 19,180,000yen
Bid opening Sale Number of bidders 8
Winner qualification Corporation

Location

Location Yonago, Tottori
Traffic access on report(japanese) JR山陰本線 伯耆大山駅 西方 約1.2km(道路距離) 熊党別れバス停 西方 約200m(道路距離)
Reference(japanese) JR伯備線 伯耆大山駅 西方 1.13km JR山陰本線 東山公園駅 東方 1.81km JR境線 博労町駅 東方 2.92km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 89.84m2 Actual area -
Zoning Industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 53.84m2 Actual area -
Zoning Industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 3
Building number 95-6
Registered type Residence Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 57.96m2,2F 49.68m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2020/08

Numerical data

Cap rate 9.5% Area 107㎡
Gross yield 13.1% Base bid price 9,750,000yen
Lease demand 14 / 25pt Minimum bid price 7,800,000yen
Ratio of years passed
to depreciable years
13% Earnest money deposit 1,950,000yen

Court data

Case number 2023(M)15 Announced 2024/03/25
Court Tottori District Court (Yonago) Start of viewing 2024/03/25
Sale type Sealed bid auction (1 times) Bid period 2024/04/15 ~ 2024/04/22
Farm land - Result 2024/04/24
Sale decision 2024/05/14 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 9750000yen in court auction is the same as buying the asset out of court auction at 9070000yen(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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