printout House: Moriyama, Shiga

Asset type
House
Yield
7.8%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 14,090,000yen You could bid above 11,272,000yen
Bid period ended

Results

Court classification House Sale price 24,701,780yen
Bid opening Sale Number of bidders 11
Winner qualification Corporation

Location

Location Moriyama, Shiga
Traffic access on report(japanese) JR東海道本線「守山」駅 北西方 道路距離 約4,400m
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 168.00m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 70% Floor area ratio 200%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 13.00m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 70% Floor area ratio 200%
Type Building Property number 3
Building number 436-2
Registered type Residence Actual -
Registered structure WoodenSlate roofed2F building Actual -
Registered floor area 1F 57.13m2,2F 52.17m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2016/11

Numerical data

Cap rate 7.8% Area 109㎡
Gross yield 10.7% Base bid price 14,090,000yen
Lease demand 20 / 25pt Minimum bid price 11,272,000yen
Ratio of years passed
to depreciable years
31% Earnest money deposit 2,818,000yen

Court data

Case number 2023(M)60 Announced 2024/03/26
Court Otsu District Court (Main) Start of viewing 2024/03/26
Sale type Sealed bid auction (1 times) Bid period 2024/04/09 ~ 2024/04/16
Farm land - Result 2024/04/23
Sale decision 2024/05/14 Special sale 2024/04/26 ~ 2024/04/26

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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 14090000yen in court auction is the same as buying the asset out of court auction at 13110000yen(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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