[Assessed 91%] Condominium building in Hanamigawa Ward, Chiba City, Chiba — 15 min from Shin-Kemigawa Sta.
Property Overview
| Location | Hanamigawa Ward, Chiba City, Chiba |
| Nearest Station | JR Sobu Line Shin-Kemigawa Sta. |
| Walk | 15 min walk |
| Assessed Ratio | 91%Assessed 91% |
| Price | ¥128,000,000 |
| Type | Condominium building |
| Expected Yield | 7.18% |
| Structure | Reinforced concrete (RC) |
| Built | Built Jul 1991 (35 years old) |
| Land Area | 502.98㎡ |
| Building Area | 665.92㎡ |
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 | ¥128,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥60,357,600 |
| Building assessed value | ¥56,107,302 |
| Total assessed value | ¥116,464,902 |
| Asking price | ¥128,000,000 |
| Assessed ratio | 91% |
Calculation basis
- Land = road price ¥120,000/m² × land area 502.98m²
- Building = replacement cost ¥330,000/m² × floor area 665.92m² × remaining life 12y ÷ statutory life 47y
- Built Jul 1991 (35 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +9.1%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 110,000 | — |
| 2025 | 115,000 | +4.5% |
| 2026 | 120,000 | +4.3% |
※ 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 measured the earth retainers with two cross-checked scale references, and disclose the unusual fact that the town has no priced block streets at all.
What We Could Not Confirm
- The frontage field is blank. The photos establish a corner plot with two frontages, but width and category should be confirmed with the listing agent.
- The photos are only 375×500 px, so the retainer height estimates carry a margin inherent to that resolution.
※ 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 15-minute walk from Shin-Kemigawa Station on the JR Sobu Line, this apartment building sits in Asahigaoka-cho, Hanamigawa Ward, Chiba City. A 7-Eleven stands roughly 300 m from the property and a Summit Store about 620 m away, in a quiet residential area close to the ward office and parks.
The building is a three-storey reinforced-concrete block completed in July 1991, with a floor area of 665.92 sqm across 11 units laid out as 3LDKs. The land is 502.98 sqm of freehold. Zoning is Category I Low-rise Exclusive Residential, with 60% building coverage and 150% floor area ratios, and the land is registered as residential. It is tenanted and sold with the tenancies in place, with expected annual income of 9.19 million yen for a gross yield of 7.18%. Handover is negotiable.
The inheritance-tax roadside land value is 120,000 yen per sqm, putting the land component at 60.36 million yen. Against a 47-year statutory life for reinforced concrete and an age of 35 years, the building retains an assessed value of 56.11 million yen, for a total of 116.46 million yen. Against the asking price of 128 million yen the assessed ratio works out to 91.0%. The roadside value has risen for three straight years from 110,000 yen in 2024, up 9.1% in total.
Note that Asahigaoka-cho contains no roadside-valued street of its own, so the lowest band among the lines bordering the district has been used as a conservative figure. The listing carries site photographs but no record of the road frontage. Please see the research notes below.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.
Learn About Assessed Value and Financing
Our blog explains the basics you need to read the numbers on this page.
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