[Assessed 104.6%] Detached house in Funabashi, Chiba — 12 min from Magomezawa Sta.

A 12-minute walk from Magomezawa Station on the Tobu Noda Line, this detached house sits in Maruyama 1-chome, Funabashi City, Chiba. Changing at Funabashi for the Sobu Rapid Line puts Tokyo Station about 50 minutes away. A tonkatsu restaurant stands roughly 210 m from the property, with the Shinsen Ichiba supermarket at about 640 m and a Maruetsu at about 730 m.

The building is a two-storey wooden house completed in October 1969, with a floor area of 66.64 sqm laid out as a 4DK. The land is 102 sqm of freehold, but 29 sqm of that is a private-road burden, leaving 73 sqm of usable building land. It fronts a 4 m wide private road to the north-east. Zoning is Category I Low-rise Exclusive Residential, with 50% building coverage and 100% floor area ratios, and the land category is registered as forest. The interior is unrenovated with its Showa-era fittings intact; the house is vacant and available immediately. There is no parking space.

The inheritance-tax roadside land value is 86,000 yen per sqm. Applied to the 73 sqm of usable land, the land component comes to 6.28 million yen. The building is 56 years old, past the 22-year statutory life for wooden construction, so its assessed value is zero. Against the asking price of 6 million yen the assessed ratio works out to 104.6%. The roadside value has risen for three straight years from 76,000 yen in 2024, up 13.2% in total. The listing gives expected annual income of 650,000 yen, a gross yield of 10.83%.

The 29 sqm private-road burden was left blank on the listing this article draws from, and appears only on a separate listing for the same property. The photographs were all taken from the front road in a single direction, so the rear and southern boundaries could not be checked. Because the road in front is private, the status of passage and excavation consents also needs confirming. Please see the research notes below for details.