Located in central Jeungpo-dong, within walking distance of marts, parks and schools
20-year-old standalone house draws interest from local owner-occupiers
[Video = Lee Geon-uk, PD]
The auction property is a three-story standalone house in Jeungpo-dong, Icheon, Gyeonggi Province. Situated within a residential housing zone, the site covers 490 square meters — about 148 pyeong (1 pyeong equals 3.3 square meters) — while the total floor area comes to roughly 81 pyeong. The property features a spacious yard, landscaping and a garage.
For a standalone house, its location offers a reasonably convenient lifestyle. Nearby apartment complexes sit in the same Jeungpo-dong neighborhood, and daily amenities — Jeungpo Park, supermarkets, restaurants and cafes — are all within walking distance. The Icheon Intercity Bus Terminal is about 15 minutes away by car, and Icheon Station on the Gyeonggang Line is roughly 20 minutes by car.
The price is also drawing attention. The property's initial appraised value was 784.99 million won ($505,000), but after one failed auction round the minimum sale price has fallen to 549.49 million won. The next auction date is July 8.
On paper, the terms and price make for an attractive listing. However, prospective buyers should weigh several factors: Icheon's regional location, the fact that the house is about 20 years old, and the likelihood that demand will be limited to large families or local owner-occupiers. A video tour of the roughly 150-pyeong property — complete with garage, yard and pine trees — is available above.
quq@heraldcorp.com
