printout Mansion: Kita, Tokyo

Asset type
Apartment
Yield
3.1%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 25,310,000yen You could bid above 20,248,000yen
Bid period ended

Results

Court classification Apartment Sale price 32,390,000yen
Bid opening Sale Number of bidders 10
Winner qualification Corporation

Location

Location Kita, Tokyo
Name of building パレステージ東十条 same apartment.
Traffic access on report(japanese) 東京メトロ南北線「王子神谷」駅 北西方 道路距離 約600m(徒歩約8分)
Reference(japanese) JR京浜東北線 東十条駅 北東方 0.81km 東京メトロ南北線 志茂駅 南方 0.97km JR埼京線 十条駅 北東方 1.37km

Property data

Type Apartment building Property number 1
Building number 神谷三丁目47-4-105
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 1F part 46.67m2 Actual -
Layout 2LDK Balcony Yes
Service fee etc. 24,460 Land right Ownership
Occupant debtor・owner Year/month built 2015/11
Floor 1F Total units 40

Numerical data

Cap rate 3.1% Area 46㎡
Gross yield 4.3% Base bid price 25,310,000yen
Lease demand 24 / 25pt Minimum bid price 20,248,000yen
Ratio of years passed
to depreciable years
17% Earnest money deposit 5,062,000yen

Court data

Case number 2023(M)509 Announced 2024/03/27
Court Tokyo District Court (Main) Start of viewing 2024/03/27
Sale type Sealed bid auction (1 times) Bid period 2024/04/11 ~ 2024/04/18
Farm land - Result 2024/04/24
Sale decision 2024/05/07 Special sale 2024/04/25 ~ 2024/04/30

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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 25310000yen in court auction is the same as buying the asset out of court auction at 23540000yen(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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