Foreclosure Property in Itako City, Ibaraki
This property is a judicial foreclosure listing currently open for bidding. The property is located at Itako City, Ibaraki Prefecture, specifically at Itako, 2-chome 407-2. The opening bid price is set at 20,000 yen. The auction deadline is May 15, 2026.
The property consists of land and a building. The land area is 44.7 square meters (approximately 13.5 tsubo). The building is a single-story wooden structure with a slate roof, constructed in July 1976 (Showa 51). The registered building area is 64.36 square meters. The legal building-to-land ratio is 60% and the floor area ratio is 200%, as the property is situated in a Category I Residential Zone.
According to the agent's analysis, the land's estimated market value is approximately 1,788,400 yen, based on a per-square-meter price of 50,000 yen from the official land price publication and an estimated road value of 40,000 yen. This makes the opening bid price significantly lower than the estimated market value. The property's elevation is 3.5 meters, and it is noted to have a high flood risk but a low landslide disaster risk. The property is listed for sale through the court's foreclosure system (BIT).
