![[Assessed 122.7%] Apartment Building a 17-Minute Walk from Mutsumi Station, Matsudo, Chiba](https://www.kenbiya.com/upload/p4534/4534714/1773316483150-1.jpg)
[Assessed 122.7%] Apartment Building a 17-Minute Walk from Mutsumi Station, Matsudo, Chiba
Property Overview
| Location | Matsudo, Chiba |
| Nearest Station | Tobu Noda Line Mutsumi Sta. |
| Walk | 17 min walk |
| Assessed Ratio | 122.7%Assessed 122.7% |
| Price | ¥14,050,000 |
| Type | Apartment building |
| Expected Yield | 9.5% |
| Structure | Light steel frame |
| Built | Built May 1976 (50 years old) |
| Land Area | 191.57㎡ |
| Building Area | 49.76㎡ |
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 | ¥14,050,000View listing |
| Kenbiya | ¥14,050,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥17,241,300 |
| Building assessed value | ¥0 |
| Total assessed value | ¥17,241,300 |
| Asking price | ¥14,050,000 |
| Assessed ratio | 122.7% |
Calculation basis
- Land = road price ¥90,000/m² × land area 191.57m²
- Building = replacement cost ¥220,000/m² × floor area 49.76m² × remaining life 0y ÷ statutory life 22y
- Built May 1976 (50 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +20.0%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 75,000 | — |
| 2025 | 82,000 | +9.3% |
| 2026 | 90,000 | +9.8% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
Neighborhood ① Shopping Near the Station
About This Property
An apartment building a 17-minute walk from Mutsumi Station on the Tobu Noda Line, in Rokkodai 4-chome, Matsudo City. Hello Mart Mutsumi and Gyomu Super Matsudo Rokkodai are both in the same 4-chome block, so daily shopping is within walking distance. Transferring to the Joban Line at Kashiwa puts Ueno about 50 minutes away.
The building, "Mutsumi-so," was built in May 1976: a two-story light-gauge steel structure with four 2K units. It is currently tenanted, with a projected gross yield of 9.50% at full occupancy (about 1.334 million yen in annual income). The land is 191.57 sqm (about 57.9 tsubo) freehold, zoned Category I low-rise residential with a 60% building coverage ratio and a 150% floor-area ratio.
The inheritance-tax roadside land price is 90,000 yen/sqm, putting the land's assessed value at about 17.2 million yen; the building's assessed value is zero as a 50-year-old light-gauge steel structure. Against the asking price of 14.05 million yen, the assessed-value ratio is 122.7% - the land alone exceeds the price. The roadside price has risen for three consecutive years from 75,000 yen in 2024 (+20.0% cumulative).
This is a land-value play: roughly 58 tsubo of land against a price of 14.05 million yen. Note that while the listing states the site fronts a public road on the southeast side, neither of the two listings gives the road width or confirms whether rebuilding is permitted. See the research notes below 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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