[Assessed 112.1%] Detached house in Funabashi, Chiba — 12 min from Magomezawa Sta.

A detached house in Asahicho, Funabashi, Chiba, a 12-minute walk from Magomezawa Station on the Tobu Noda Line. A convenience store is 458 m from the property and a drugstore 711 m.

The land is 98.57 sqm by the register and the wood-frame two-storey 3LDK building has a floor area of 66.92 sqm, built in June 1979. The land is freehold, fronting a 4.0 m public road on the east side. Zoning is Category 1 low-rise exclusive residential with a 50% building coverage ratio and 100% floor area ratio. The ground floor has a 6-mat western room and a roughly 9.3-mat living-dining-kitchen; the first floor has a 6-mat western room and a 6-mat Japanese room, each with storage. Partly renovated, with parking for a kei car. Some units are currently vacant. The gross yield is 12.00% on an assumed annual income of 840,000 yen (70,000 yen a month).

Against the 7,000,000 yen asking price, the land assessed value at the inheritance-tax road price of 100,000 yen/sqm comes to 7.84 million yen — an assessed ratio of 112.1%. Note that this is a flag-shaped lot with a 2.01 m frontage, so the assessment uses the 78.47 sqm that remains after deducting the 20.10 sqm access strip. The road price has risen 1.0% over three years from 99,000 yen in 2024 — essentially flat.

Exterior photographs show a flat approach from the road to the entrance, with no stepped access. Please see the research notes on the flag-shaped lot and the conditions stated in the listing.