[Assessed 98.6%] Apartment building in Nerima, Tokyo — 19 min from Musashi-Seki Sta.

A whole-building apartment in Tatenocho, Nerima-ku, Tokyo, a 19-minute walk from Musashi-Seki Station on the Seibu Shinjuku Line. Kichijoji Station on the JR Chuo Line is also usable at 22 minutes on foot. A 7-Eleven is 193 m from the district centre and a Coop Mirai 239 m.

Built in March 1987, the wood-frame two-storey building has two 2DK units of 40 sqm each. The land is 84.52 sqm and the building 79.48 sqm. The land is freehold, fronting a 3.38 m road on the north side over a 6.44 m frontage. Zoning is Category 1 low-rise exclusive residential with a 50% building coverage ratio and 100% floor area ratio. The exterior has been repainted and the interiors renovated. It is currently occupied and there is no parking.

Against the 31,800,000 yen asking price, the land assessed value at the inheritance-tax road price of 380,000 yen/sqm comes to 31.35 million yen — an assessed ratio of 98.6%. Because the frontage road is under 4 m, the assessment uses the 82.52 sqm that remains after an assumed 2.00 sqm setback. The road price has risen 11.8% over three years from 340,000 yen in 2024.

Exterior photographs show a largely flat site with no retaining wall or stepped access. There is no photograph of the frontage road itself, however — please see the research notes.