This guide provides the latest information on the Osan City, Won-dong Hanju Apartment real estate auction in 2026, specifically for case number 2025 Ta-Kyung 1256. Located near Osan Wonil Middle School, this 124.53 sqm (approx. 1,340 sq ft) apartment has an appraised value of ₩273 million (approx. $200,000 USD), which is also the current minimum bid. This means no prior auctions have failed, requiring careful bidding strategy. This property offers a blend of residential and commercial surroundings, with convenient public transport access.
What are the basic details of the Hanju Apartment auction in Osan City?
This auction property is located at 552-4 Won-dong, Osan-si, Gyeonggi-do, South Korea. The apartment has a land use right of 57.84 sqm (approx. 622 sq ft) and a building area of 124.53 sqm (approx. 1,340 sq ft), with no distinction between supply and exclusive use areas. Built in 1992, it's on the 12th floor of a 15-story building within a complex of 4 buildings comprising 299 units. The appraised value is ₩273 million (approx. $200,000 USD), and this is also the current minimum bid, necessitating a cautious approach. The building is constructed with reinforced concrete walls and is equipped with essential facilities including plumbing, heating, an elevator, and a fire suppression system.
What is the surrounding environment and transportation like for the Osan City Won-dong Hanju Apartment auction?
The apartment's proximity to Osan Wonil Middle School is a significant advantage, making commutes for students very convenient. The surrounding area is a stable residential environment, characterized by apartment complexes, detached houses, and multi-family dwellings, alongside local commercial facilities. Well-maintained roads are present within the complex, and a bus stop is conveniently located nearby, facilitating easy access to public transportation for travel within the city and to surrounding areas. While the general environment is considered average, the close proximity to educational institutions is a major plus.
What are the parking and convenience facilities at the Hanju Apartment?
The Hanju Apartment complex offers parking for a total of 194 vehicles, with 12 spaces on the ground level and 10 underground. This provides a relatively ample parking ratio per household, considering the building's age. Notably, to accommodate the growing popularity of electric vehicles, charging stations have been installed, offering convenience for EV owners. This reflects modern residential trends and can enhance resident satisfaction. Despite being built in 1992, the apartment maintains essential living facilities, including an elevator and fire safety equipment, indicating ongoing maintenance.
What should be considered during the Osan City Won-dong Hanju Apartment auction process?
A key characteristic of this auction is that the appraised value and the minimum bid are identical. This indicates that the property has not yet been subject to any price reductions through failed auctions. Therefore, to successfully bid, you must offer at least the appraised amount. It is crucial to thoroughly analyze the current market prices in the vicinity and the condition of the property itself before deciding on your bid. Given that the apartment was constructed in 1992, it is essential to inspect the interior condition and the state of its facilities for any signs of aging. If an on-site inspection is not feasible, consider hiring a professional for a property assessment. Auction processes can be complex, so a solid understanding of the relevant laws and procedures is vital. Consulting with a legal expert is highly recommended if needed.
