[Assessed 132.5%] Condominium building in Kashiwa, Chiba — 7 min from Edogawadai Sta.
Property Overview
| Location | Kashiwa, Chiba |
| Nearest Station | Tobu Noda Line Edogawadai Sta. |
| Walk | 7 min walk |
| Assessed Ratio | 132.5%Assessed 132.5% |
| Price | ¥198,000,000 |
| Type | Condominium building |
| Expected Yield | 8.5% |
| Structure | Reinforced concrete (RC) |
| Built | Built Sep 1985 (41 years old) |
| Land Area | 1,935㎡ |
| Building Area | 1,441.44㎡ |
Where This Property Is Listed
This property appears on the sites below. Listings matching on location, land area and building area are merged into a single article as the same property.
| athome | ¥198,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥191,565,000 |
| Building assessed value | ¥70,845,243 |
| Total assessed value | ¥262,410,243 |
| Asking price | ¥198,000,000 |
| Assessed ratio | 132.5% |
Calculation basis
- Land = road price ¥99,000/m² × land area 1,935m²
- Building = replacement cost ¥330,000/m² × floor area 1,441.44m² × remaining life 6y ÷ statutory life 47y
- Built Sep 1985 (41 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +15.1%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 86,000 | — |
| 2025 | 92,000 | +7.0% |
| 2026 | 99,000 | +7.6% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
Rather than reproducing the listing as-is, we fixed the property's position on the road price map from the listed facilities and coordinates, then enlarged the photos to check level differences across the site.
What We Could Not Confirm
- At 40 years old, the reinforced concrete structure has 7 years of statutory life remaining. We recommend confirming the record of major repairs from the documents.
- The land area is the registered figure, so the surveyed area should be confirmed. There is no resident manager, and management costs of ¥930,798 per year are recorded.
- The new listing is an auction, and the displayed price of 198.00 million yen is the minimum sale price. Bidding closes at 10:30 on 13 September 2026 (venue: Hotel Lumiere Grande Otakanomori). Bids below the minimum are said to be accepted, so the settled price will not match the displayed figure. Read the assessed ratio as a figure against the minimum sale price.
- In the new listing the projected yield is given as 9.53% in the remarks and 8.5% in the free text. We took the conservative 8.5% (projected annual rent of 18.879 million yen).
※ Rather than reproducing the listing as-is, we verified the figures against public sources such as the official road price maps and the listing photos. This is not based on a site visit, so please confirm on site and with the seller before deciding.
Neighborhood ① Shopping Near the Station
Neighborhood ② Dining Near the Station
About This Property
A whole condominium building for sale in Nishihara 1-chome, Kashiwa City, Chiba, a 7-minute walk from Edogawadai Station on the Tobu Noda Line. The Nagareyama City Edogawadai Ekimae branch office is 428 m away, Nagareyama Edogawadai Post Office 451 m and Nagareyama Municipal Edogawadai Elementary School 669 m, putting public and educational facilities within walking distance. It is a residential area zoned Category I Low-Rise Exclusive Residential.
Built in September 1985, the building is reinforced concrete and three storeys with 24 units: sixteen 2LDK units of 54.6 sqm and eight 3DK units. The land is 1,935.00 sqm (about 585 tsubo) and the usable floor area 1,441.44 sqm. It is fully occupied as an owner-change sale, with a gross yield of 8.5%. It fronts a 6.0 m public road to the east with 29.3 m of frontage and carries no private-road burden.
The 2026 inheritance-tax roadside land value is 99,000 yen/sqm, putting the land assessment at roughly 191.57 million yen. The building is calculated at the reinforced concrete replacement unit price of 330,000 yen/sqm over a 47-year statutory useful life; at 40 years old with 7 remaining it comes to roughly 70.85 million yen. The total assessed value is about 262.41 million yen, or 132.5% of the 198.00 million yen asking price. The roadside value has risen 15.1% in three years from 86,000 yen/sqm in 2024.
The listing was replaced on 29 August 2026 and the price moved from 215.10 million yen to 198.00 million yen. The new listing is an auction, however, and that 198.00 million yen is the minimum sale price. Bidding closes at 10:30 on 13 September 2026, and bids below the minimum are said to be accepted, so the settled price may move either way. The 132.5% ratio is against that minimum price.
With about 585 tsubo of land against 1,441.44 sqm of floor area the site is comfortably open, and the assessed value exceeds the price. Site photographs show both buildings sit at the same foundation level as the frontage road and parking area, with no retaining wall or step.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.