[Assessed 94.9%] Two houses, 19 min from Shin-Tokorozawa Station, Tokorozawa, Saitama
Property Overview
| Location | Tokorozawa, Saitama |
| Nearest Station | Seibu Shinjuku Line Shin-Tokorozawa Sta. |
| Walk | 19 min walk |
| Assessed Ratio | 94.9%Assessed 94.9% |
| Price | ¥29,900,000 |
| Type | Detached house |
| Structure | Wooden |
| Built | Built Mar 1981 (45 years old) |
| Land Area | 270.33㎡ |
| Building Area | 172.97㎡ |
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 | ¥29,900,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥28,384,650 |
| Building assessed value | ¥0 |
| Total assessed value | ¥28,384,650 |
| Asking price | ¥29,900,000 |
| Assessed ratio | 94.9% |
Calculation basis
- Land = road price ¥105,000/m² × land area 270.33m²
- Building = replacement cost ¥220,000/m² × floor area 172.97m² × remaining life 0y ÷ statutory life 22y
- Built Mar 1981 (45 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +6.1%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 99,000 | — |
| 2025 | 99,000 | ±0.0% |
| 2026 | 105,000 | +6.1% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
The listing carries the seller's own assessment calculation, stated as "about 104% of the asking price". We started by checking that figure against the roadside value map, then measured it again ourselves. Since only the district centroid was published as coordinates, pinning down the location took a few steps too.
What We Could Not Confirm
- Frontage is a 5.00 m private road to the south-west, with the private road burden field left blank and no way to tell from the listing whether it is a designated-position road. No site plan is included. An unrecorded burden on the scale of 50 sqm would bring the assessed ratio down to 77.4%, so the road share and its classification need confirming in the important matters explanation.
- The boundary wall on the south-east of house B reads as either 0.8 m or 1.3 m depending on which reference object is used. We confirmed the neighbouring ground is not at the level of the wall top, but it is close enough to the 1 m line that a site visit is advisable.
- The two houses are sold together, but the listing gives only one build date, March 1981, with no per-building breakdown. The exteriors look the same age and specification. Being wooden and past the statutory useful life, the buildings are assessed at zero either way, but repair histories should be confirmed building by building.
- The location was established by cross-checking the facility distances in the listing against real shops on OpenStreetMap, with an error of about ±80 m. The boundary between the 105D and 115D blocks falls within that margin, so the individual roadside value would be settled once the lot number is known.
- Both units are tenanted and fully occupied, which means the interiors cannot be inspected. The 8.67% gross yield reflects current rents, but restoration and fixture costs at turnover are hard to estimate.
※ 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
Two detached houses sold together for 29.9 million yen in Iwaoka-cho, Tokorozawa, a 19-minute walk from Shin-Tokorozawa Station on the Seibu Shinjuku Line. Land 270.33 sqm, total floor area 172.97 sqm, wooden two-storey, 5DK in each unit (80.00 sqm and 92.97 sqm). Both are tenanted and fully occupied, with a rent guarantee company in place and three parking spaces. The gross yield is 8.67%. The seller is the owner, so there is no agency commission.
The assessed ratio is 94.9%. The inheritance-tax roadside land value for fiscal 2026 is 105,000 yen/sqm (roadside value map 34010), which across 270.33 sqm gives 28.38 million yen. The buildings are 23 years past the 22-year statutory useful life for wooden structures, so their assessed value is zero and this figure comes from the land alone.
The listing includes the seller's own calculation: "land assessed value about 31.09 million yen, about 104% of the asking price". That works out at 115,000 yen/sqm, and checking it against the roadside value map confirms it corresponds to the 115D band shown there — it is not inflated. However, the property sits right on the boundary between the 105D block and the 115D block, and we could not determine which it belongs to. Where figures conflict our policy is to take the one that produces the lower assessment, so we used 105,000 yen/sqm and arrived at 94.9%. The gap between the seller's 104% and our 94.9% comes entirely from which block is taken.
Pinning down the location took some work. The coordinates in the listing are the centroid of the district, and using them puts the site 1,537 m in a straight line from Shin-Tokorozawa Station — physically inconsistent with a 19-minute walk. We solved for the position from three facility distances in the listing (elementary school 450 m, junior high 600 m, station 19 minutes), narrowing it to two candidates, then cross-checked against real shops on OpenStreetMap. One candidate is 259 m from the Lawson-Three F Tokorozawa Koyocho store (the listing says about 300 m, 4 minutes) and 910 m in a straight line from York Foods, or about 1.1 km by road (the listing says about 1.1 km, 15 minutes). The site is at the south-eastern edge of Iwaoka-cho along the Tokorozawa-Iruma bypass.
On sensitivity: taking the neighbouring 115D gives 104.0%, 110D gives 99.5%, and even applying the 99D of fiscal 2024 and 2025 gives 89.5%. The roadside value needed to reach 80% is 88,484 yen/sqm, and no street in Iwaoka-cho falls below that.
We inspected all ten photos. Both houses sit at much the same level as the frontage road, with gate posts and parking spaces running on from the asphalt without a step. There is no stepped access, no slope face, and this is not a flagpole plot. We checked all three neighbouring boundaries: one to two courses of block (0.2 to 0.4 m) on the north-west of house A, four courses (0.8 to 1.0 m) on its north-east, and a decorative block wall on the south-east of house B. National elevation data across a 200 m square gives 77.1 to 79.6 m on a uniform 1.2% gradient, with no terrace scarp or artificial cut and fill.
One caution: frontage is a 5.00 m private road to the south-west, and the private road burden field is blank. Whether it is a designated-position road cannot be determined from the listing, and no site plan is included.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.