![[Assessed 90.1%] Apartment building in Setagaya, Tokyo — 8 min from Chitose-Funabashi Sta.](https://www.kenbiya.com/upload/p4631/4631987/1785815242197-pgx.jpg)
[Assessed 90.1%] Apartment building in Setagaya, Tokyo — 8 min from Chitose-Funabashi Sta.
Property Overview
| Location | Setagaya, Tokyo |
| Nearest Station | Odakyu Odawara Line Chitose-Funabashi Sta. |
| Walk | 8 min walk |
| Assessed Ratio | 90.1%Assessed 90.1% |
| Price | ¥129,800,000 |
| Type | Apartment building |
| Expected Yield | 5.08% |
| Structure | Light steel frame |
| Built | Built Sep 1991 (35 years old) |
| Land Area | 220.69㎡ |
| Building Area | 179.58㎡ |
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.
| Kenbiya | ¥129,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥116,965,700 |
| Building assessed value | ¥0 |
| Total assessed value | ¥116,965,700 |
| Asking price | ¥129,800,000 |
| Assessed ratio | 90.1% |
Calculation basis
- Land = road price ¥530,000/m² × land area 220.69m²
- Building = replacement cost ¥220,000/m² × floor area 179.58m² × remaining life 0y ÷ statutory life 22y
- Built Sep 1991 (35 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +12.8%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 470,000 | — |
| 2025 | 500,000 | +6.4% |
| 2026 | 530,000 | +6.0% |
※ 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 reconciled two agents' listings item by item, and used one agent's photos where the other had none.
What We Could Not Confirm
- The frontage is a 4.0 m private road. Neither listing mentions excavation or passage consents — an open point for financing and rebuilding.
- Neither listing states the units' floor areas.
※ 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 whole-building apartment in Funabashi 3-chome, Setagaya-ku, Tokyo, an 8-minute walk from Chitose-Funabashi Station on the Odakyu Odawara Line. Chitose-Funabashi is a semi-express stop with a direct 22-minute run to Shinjuku. A Maruetsu supermarket, convenience stores and restaurants cluster by the station, and Funabashi elementary and Funabashi-Kibo junior high schools are within walking distance.
Built in September 1991, the light-gauge steel two-storey building has eight units — six 1K and two 1LDK. The land is 220.69 sqm and the total floor area is 179.58 sqm. The land is freehold, fronting a 4.0 m private road on the south side. Zoning is Category 1 low-rise exclusive residential with a 50% building coverage ratio and 100% floor area ratio. It is currently tenanted, with 6,600,000 yen of annual income at full occupancy and a gross yield of 5.08%.
Against the 129,800,000 yen asking price, the land assessed value at the inheritance-tax road price of 530,000 yen/sqm comes to 116.96 million yen — an assessed ratio of 90.1%. The building is 34 years old, beyond the 22-year statutory life for light-gauge steel, so its assessed value is zero. The road price has risen 12.8% over three years from 470,000 yen in 2024.
Exterior photographs show a flat frontage with no retaining wall or stepped access. Note, however, that the frontage road is a private road — please see the research notes.
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.
不動産担保ローンとは？手持ちの不動産で次の物件を買う方法
不動産担保ローンは、持っている不動産を担保にお金を借りるローンです。仕組みや借りられる金額の目安、次の物件購入に使う方法、メリット・デメリットを解説します。
積算評価・担保評価とは？計算方法と調べ方をわかりやすく解説
積算評価（担保評価）とは、銀行が物件の担保価値を土地と建物から計算する方法です。計算式・再調達価格・法定耐用年数の目安、路線価を使った調べ方、融資が付きやすい物件の特徴を計算例つきで解説します。
More in This Area
![[Assessed 152.6%] Detached house in Nerima Ward, Tokyo — 13 min from Chikatetsu-Narimasu Sta.](https://toushi.homes.co.jp/upload/p4726/4726604/1774094079424-1.jpg)
[Assessed 152.6%] Detached house in Nerima Ward, Tokyo — 13 min from Chikatetsu-Narimasu Sta.
![[Assessed 82.3%] Detached house in Kita Ward, Tokyo — 8 min from Nishi-Sugamo Sta.](https://toushi.homes.co.jp/upload/p4726/4726253/1712393974361-yle.jpg)
[Assessed 82.3%] Detached house in Kita Ward, Tokyo — 8 min from Nishi-Sugamo Sta.
![[Assessed 109.3%] Apartment building in Suginami Ward, Tokyo — 12 min from Kugayama Sta.](https://toushi.homes.co.jp/upload/p4727/4727058/1766211729452-zly_wm_2220.jpg)