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[Assessed 90.5%] Condominium building in Minuma Ward, Saitama City, Saitama — 5 min from Owada Sta.
Assessed 90.5%Condominium buildingMinuma Ward, Saitama City, SaitamaOwada Sta. 5 min walk

[Assessed 90.5%] Condominium building in Minuma Ward, Saitama City, Saitama — 5 min from Owada Sta.

Published: Aug 5, 2026Updated: Sep 9, 2026

Property Overview

LocationMinuma Ward, Saitama City, Saitama
Nearest StationTobu Noda Line Owada Sta.
Walk5 min walk
Assessed Ratio90.5%Assessed 90.5%
Price¥170,000,000
TypeCondominium building
Expected Yield5.94%
StructureReinforced concrete (RC)
BuiltBuilt Feb 1991 (35 years old)
Land Area862.69㎡
Building Area699.29㎡

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¥170,000,000View listing

Assessed Value Breakdown

Land assessed value¥94,895,900
Building assessed value¥58,918,902
Total assessed value¥153,814,802
Asking price¥170,000,000
Assessed ratio90.5%

Calculation basis

  • Land = road price ¥110,000/m² × land area 862.69m²
  • Building = replacement cost ¥330,000/m² × floor area 699.29m² × remaining life 12y ÷ statutory life 47y
  • Built Feb 1991 (35 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +4.8%
YearRoad price (JPY/m²)YoY
2024105,000—
2025110,000+4.8%
2026110,000±0.0%

※ 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 counted the distribution of block-street prices around the station on the FY2026 map and opened every listing photo to check the approach.

Locating the road price

Owada-cho 2-chome spans six road price sheets; given the 5-minute walk to the station we took the northwest part of sheet 31089 as representative. Block streets there run ¥105,000–125,000/m² with ¥110,000/m² most common, so we used that. The circled figures along the station front and Budokan-dori (¥125,000–190,000/m²) are commercial-district values and were excluded. Even at a conservative ¥105,000/m² the ratio is 87.9%.

View source
Effective land area

The listing states no private road area, the land is freehold and there is no flagpole section, so the full 862.69 m² is used for the land valuation. Note that the "115.09 m² private road" shown elsewhere on the same page belongs to a different property.

On-site check from photos

We opened and examined three exterior photos, two of the east frontage road, two of the car park and one of the bicycle parking. The 4.0 m public road to the east is flat, and the car park entrance is flush with the road across a grating. The tiled wall beside the entrance is a screen wall and planter with ground at the same level on both sides, and the three or four steps at the building entrance rise to the ground-floor level rather than forming a step at the approach.

Building valuation assumptions

Against the 47-year statutory life for reinforced concrete, the building dates from February 1991 — 35 years old with 12 years remaining. Land contributes ¥94.90M against ¥58.92M for the building, so land makes up the majority.

What We Could Not Confirm

  • The western frontage is a 3.0 m public road, so a future rebuild may require a setback. The listing notes no setback and this is an owner-change sale of the existing building, so we made no area deduction — but the land area used in a valuation would shrink if rebuilding is contemplated.
  • The building nameplate suggests completion around 1994, while the listing states February 1991. We calculated the valuation using the listed date.

※ 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

7-Eleven Saitama Owada 2-chome Store
2 min walk from the station

A convenience store 160 m from the property, open 24 hours.

Source
Owada Hospital
2 min walk from the station

A hospital 150 m from the property, very close by.

Source
Tsubaki ENT Clinic
10 min walk from the station

An ear, nose and throat clinic 800 m from the property.

Source

Neighborhood ② Dining Near the Station

Chuka Soba Hotaru
8 min walk from the station

A ramen shop about an 8-minute walk from Owada Station.

Source
Chinese Diner Hidakaya Owada Store
5 min walk from the station

A Chinese diner near Owada Station, serving ramen and set meals.

Source

About This Property

A whole condominium building for sale in Owada-cho 2-chome, Minuma Ward, Saitama City, a 5-minute walk from Owada Station on the Tobu Noda Line. Owada Hospital is 150 m away, the 7-Eleven Saitama Owada 2-chome store 160 m and Omiya Minuma Nursery School 220 m, putting amenities right at hand. Kitayama Park is 300 m away.

Built in February 1991, the building is reinforced concrete and three storeys with nine units. All are 4LDK at 76.54 sqm with south-east facing balconies. The land is 862.69 sqm and the total floor area 699.29 sqm. It is currently tenanted as an owner-change sale, with a gross yield of 5.94%. It has frontage on two sides — a 4.0 m public road to the east and a 3.0 m public road to the west — and carries no private-road burden.

The 2026 inheritance-tax roadside land value is 110,000 yen/sqm, putting the land assessment at roughly 94.90 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 35 years old with 12 remaining it comes to roughly 58.92 million yen. The total assessed value is about 153.81 million yen, or 90.5% of the 170 million yen asking price. The roadside value has risen 4.8% in three years from 105,000 yen/sqm in 2024.

This is a five-minute walk from the station with nine family-sized 4LDK units. Note that the western frontage road is 3.0 m wide, so we recommend confirming on site whether a setback would be required when rebuilding.

Estimated Financing

Assessed value ¥153,814,802 → estimated loan ¥153,810,000 (90% of the asking price)

※ Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

関西みらい銀行
Regional bankAssessed-value focusedStrong with condominium buildings
土地から新築OK。 築古過ぎず、好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 産休中はNG。 築古過ぎる場合は、信用金庫・信用組合のセゾンファンデックス保証付の不動産担保ローンが適す。
滋賀銀行
Regional bankAssessed-value focusedStrong with condominium buildings
土地から新築OK。 好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 但し、産休中はNG。
スルガ銀行
Regional bankBorrower-profile focusedStrong with condominium buildings
富豪向け。 金融資産3000万円以上が検討対象。 行けるなら8割融資や9割融資が狙える。 金利は2%台、融資期間は35年。

※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

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