![[Assessed 84.3%] Condominium building in Setagaya Ward, Tokyo — 17 min from Kami-Kitazawa Sta.](https://img.rakumachi.jp/c/property/~j5vEeLsazzxTkhYDVghRg__/112953980_x4y4)
[Assessed 84.3%] Condominium building in Setagaya Ward, Tokyo — 17 min from Kami-Kitazawa Sta.
Property Overview
| Location | Setagaya Ward, Tokyo |
| Nearest Station | Keio Line Kami-Kitazawa Sta. |
| Walk | 17 min walk |
| Assessed Ratio | 84.3%Assessed 84.3% |
| Price | ¥275,000,000 |
| Type | Condominium building |
| Expected Yield | 4% |
| Structure | Reinforced concrete (RC) |
| Built | Built Jan 1990 (36 years old) |
| Land Area | 457.94㎡ |
| Building Area | 332.12㎡ |
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.
| Rakumachi | ¥275,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥206,073,000 |
| Building assessed value | ¥25,650,970 |
| Total assessed value | ¥231,723,970 |
| Asking price | ¥275,000,000 |
| Assessed ratio | 84.3% |
Calculation basis
- Land = road price ¥450,000/m² × land area 457.94m²
- Building = replacement cost ¥330,000/m² × floor area 332.12m² × remaining life 11y ÷ statutory life 47y
- Built Jan 1990 (36 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +9.8%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 410,000 | — |
| 2025 | 430,000 | +4.9% |
| 2026 | 450,000 | +4.7% |
※ 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 matched the listed coordinates against mapping to identify the block, and opened all ten listing photos to check the approach.
What We Could Not Confirm
- The listing does not fill in the frontage field. The photos establish only that the property fronts a flat road.
- Occupancy is not stated beyond "currently leased", so it is unclear whether the building is fully let. The gross yield is the figure shown in the listing summary.
※ 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 condominium building in Kami-Kitazawa 1-chome, Setagaya Ward, a 17-minute walk from Kami-Kitazawa Station on the Keio Line (the Kenbiya listing gives it as 12 minutes from Hachimanyama Station). There is a Summit Store in front of the station, and Shinjuku is about 20 minutes away on the Keio Line. It sits in a quiet residential area zoned Category I Low-Rise Exclusive Residential.
The building is reinforced concrete, two storeys, with eight 1LDK units of 41.52 sqm each and 332.12 sqm of total floor area, built in January 1990. The land is 457.94 sqm (about 138 tsubo) held in freehold. Roof waterproofing and other works were completed in May 2024, and the property is currently tenanted. It has parking and bicycle parking, and photograph checks confirm a flat site with no retaining wall or stepped access.
The inheritance-tax roadside land value for the frontage is 450,000 yen/sqm. The land assesses at roughly 206.06 million yen; adding the building assessment of roughly 25.65 million yen (reinforced concrete with 11 years of useful life remaining) gives a total of about 231.72 million yen, or 84.3% of the 275 million yen asking price. The roadside value has risen three years running (up 9.8% in total).
A whole residential building where the 457 sqm of land at a Setagaya address is the centre of the valuation. The gross yield is 4.0% as listed. Please check the listing page for details.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.
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