printout House: Higashi, Nagoya, Aichi

Asset type
House
Yield
12.6%
Rank
★★☆☆☆
Bid period ended

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Base bid price 15,060,000yen You could bid above 12,048,000yen
Bid period ended

Results

Court classification House Sale price -
Bid opening Withdraw Number of bidders -
Winner qualification -

Location

Location Higashi, Nagoya, Aichi
Traffic access on report(japanese) 名鉄瀬戸線「森下」駅 東方 道路距離 約260m
Reference(japanese) JR中央本線 大曽根駅 西方 0.54km 名鉄瀬戸線 大曽根駅 南西方 0.64km ガイドウェイバス志段味線 大曽根駅 南西方 0.68km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 66.61m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 711-1
Registered type Residence Actual Residence・Garage
Registered structure WoodenTile roofed3story building Actual -
Registered floor area 1F 19.87m2,2F 38.09m2,3F 39.74m2 Actual 1F ca.30.87m2,2F ca.49.09m2,3F 39.74m2
Layout 4LDK・Garage・Storage Land right Ownership
Occupant debtor・owner Year/month built 1977/02

Numerical data

Cap rate 12.6% Area 119㎡
Gross yield 17.3% Base bid price 15,060,000yen
Lease demand 21 / 25pt Minimum bid price 12,048,000yen
Ratio of years passed
to depreciable years
213% Earnest money deposit 3,012,000yen

Court data

Case number 2023(M)221 Announced 2024/03/26
Court Nagoya District Court (Main) 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 2024/05/01 ~ 2024/05/01

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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 15060000yen in court auction is the same as buying the asset out of court auction at 14010000yen(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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