[Assessed 107.9%] Detached house in Kawagoe, Saitama — 18 min from Minami-Otsuka Sta.

A pre-owned detached house in Nakadai-minami 1-chome, Kawagoe City, Saitama, an 18-minute walk from Minami-Otsuka Station on the Seibu Shinjuku Line. In front of the station are the Marunaka Minami-Otsuka and Inageya Kawagoe Minami-Otsuka Ekimae supermarkets, plus the Chinese restaurant Ajisai just outside the north exit, covering everyday shopping and eating out. Buses also run to Hon-Kawagoe Station, giving access to central Kawagoe.

The property is a 4LDK on 125.1 sqm of land (registry) with a 92.32 sqm building (registry), wooden and two storeys, built in September 2017. There is no private-road burden and the land is held in freehold. Zoning is Category I Low-Rise Exclusive Residential with a 50% building coverage ratio and an 80% floor area ratio; the only other restriction noted is landscape-act regulation. Specifications include parking for two cars, an LDK of 15 tatami or more, a face-to-face kitchen, two toilets and double-glazed windows.

On the assessment side, against the 2026 inheritance-tax roadside land value of 77,000 yen/sqm the land assesses at roughly 9.63 million yen. At eight years old the building still has 14 of the 22-year statutory useful life for wooden construction remaining, adding roughly 12.92 million yen. The total assessed value comes to about 22.56 million yen, or roughly 107.9% of the 20.90 million yen asking price. In this price band, the thick remaining building value of a relatively new house is what makes the difference.

That roadside value has risen only 1.3% in three years from 76,000 yen in 2024, but because the price is restrained the assessed value still exceeds it. The station is a fair 18 minutes away, but two parking spaces are secured.