printout Mansion: Yashio, Saitama

Asset type
Apartment
Yield
7.2%
Rank
★☆☆☆☆
Bid period ended

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Base bid price 2,462,000yen You could bid above 1,969,600yen
Bid period ended

Results

Court classification Apartment Sale price 2,000,000yen
Bid opening Sale Number of bidders 1
Winner qualification Individual

Location

Location Yashio, Saitama
Name of building 八潮伊草団地11号棟 same apartment.
Traffic access on report(japanese) 東武伊勢崎線「草加」駅 東方 約2.6km(道路距離) 「緑町5丁目」バス停留所 北方 約300m(道路距離)
Reference(japanese) 首都圏新都市鉄道つくばエクスプレス 八潮駅 北西方 2.66km 東武伊勢崎線 谷塚駅 北東方 2.72km

Property data

Type Apartment building Property number 1
Building number 大字松之Wood327-1-53
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 4F part 46.90m2 Actual -
Layout 2LDK バルコニーYes Balcony Yes
Service fee etc. 10,000 Land right Ownership
Occupant debtor・owner Year/month built 1971/09
Floor 4F / 5 Total units 30
Type Building Share sale Property number 2
Building number 813-4-1
Registered type Custodian building Actual -
Registered structure SteelconcreteFlat-roofedOne-story Actual -
Registered floor area 138.00m2 Actual -
Layout Others Land right Others
Occupant Yes Year/month built 1971/09
Type Building Share sale Property number 3
Building number 825-8-1
Registered type Pump room Actual -
Registered structure SteelconcreteFlat-roofedOne-story Actual -
Registered floor area 99.71m2 Actual -
Layout Others Land right Others
Occupant Yes Year/month built 1971/09

Numerical data

Cap rate 7.2% Area 46㎡
Gross yield 9.9% Base bid price 2,462,000yen
Lease demand 19 / 25pt Minimum bid price 1,969,600yen
Ratio of years passed
to depreciable years
110% Earnest money deposit 492,400yen

Court data

Case number 2023(O)35 Announced 2024/03/26
Court Saitama District Court (Koshigaya) Start of viewing 2024/03/26
Sale type Sealed bid auction (1 times) Bid period 2024/04/10 ~ 2024/04/17
Farm land - Result 2024/04/24
Sale decision 2024/05/15 Special sale 2024/04/30 ~ 2024/05/10

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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 2462000yen in court auction is the same as buying the asset out of court auction at 2290000yen(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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