[Assessed 89.8%] Apartment building in Matsudo, Chiba — 12 min from Matsudo Sta.

A 12-minute walk from Matsudo Station on the JR Joban Line, this apartment building sits in Iwase, Matsudo City, Chiba. The Joban Rapid reaches Ueno in about 20 minutes. A FamilyMart stands roughly 140 m from the property, a Choshimaru sushi restaurant about 130 m away and a cafe about 210 m away, with the city hall and shopping district within walking distance.

The building is a wooden structure completed in September 1977, with a floor area of 133.84 sqm across four units. The land is 122.31 sqm of freehold, and the listing records a private-road burden of 0.00 sqm. Note, however, that the frontage is a 1.9 m wide road designated under Article 42-2 of the Building Standards Act, so rebuilding requires a setback of about 1.05 m from the road centreline. Vehicles cannot enter.

The inheritance-tax roadside land value is 185,000 yen per sqm, putting the land component at 22.63 million yen. The building is 48 years old, past the 22-year statutory life for wooden construction, so its assessed value is zero. Against the asking price of 25.2 million yen the assessed ratio works out to 89.79%. The roadside value has risen for three straight years from 155,000 yen in 2024, up 19.4% in total — the steepest rise among the current candidates.

Deducting the setback area would lower the ratio: allowing for a loss of 10 to 15 sqm puts it in the range of 78.8% to 82.5%. The listing also carries no photographs of the site. Please see the research notes below.