
[Assessed 136.6%] Apartment building in Ebina, Kanagawa — 8 min from Atsugi Sta.
Property Overview
| Location | Ebina, Kanagawa |
| Nearest Station | Odakyu Odawara Line Atsugi Sta. |
| Walk | 8 min walk |
| Assessed Ratio | 136.6%Assessed 136.6% |
| Price | ¥75,000,000 |
| Type | Apartment building |
| Expected Yield | 7.18% |
| Structure | Wooden |
| Built | Built Oct 1993 (32 years old) |
| Land Area | 660.92㎡ |
| Building Area | 324.32㎡ |
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 | ¥75,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥102,442,600 |
| Building assessed value | ¥0 |
| Total assessed value | ¥102,442,600 |
| Asking price | ¥75,000,000 |
| Assessed ratio | 136.6% |
Calculation basis
- Land = road price ¥155,000/m² × land area 660.92m²
- Building = replacement cost ¥220,000/m² × floor area 324.32m² × remaining life 0y ÷ statutory life 22y
- Built Oct 1993 (32 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +10.7%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 140,000 | — |
| 2025 | 150,000 | +7.1% |
| 2026 | 155,000 | +3.3% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
A property with no photographs anywhere, on the listing or elsewhere. This record separates what we could verify from what we could not, then identifies the block and measures the road price.
What We Could Not Confirm
- We could not verify whether a retaining wall exists, nor whether there is a level difference between the road and the plot, because no photographs exist on this listing or any other. The elevation data indicates flat ground, but we have no photographic confirmation.
- We could not verify whether access is by steps, whether the building is attached to a neighbour, or the condition of the exterior, all for want of photographs. The state of wear on a 32-year-old building is likewise unknown.
- The frontage is a 3.50m public road on the southwest side, under 4m. A setback will likely be required when rebuilding, but the listing gives no setback area so we have not deducted it in the assessment. The actual width needs checking on site.
- At 660.92 sqm the land may qualify for the large-scale residential land adjustment. We do not apply this adjustment, so our figure is unadjusted; with it the ratio falls to 107.9%.
- With the lot number undisclosed, we inferred the block from coordinates and took the lowest of the four roads bounding the nearest blocks, 28 and 29. A known lot number would improve precision.
※ 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
⚠️ An important caveat first. This listing contains no photographs at all. This is not a retrieval failure; none exist on the listing, and the same property on Kenbiya carries an explicit note that no images are available. A SUUMO search for whole-building properties in Ebina returned nothing. We therefore cannot confirm whether there is a retaining wall, a level difference at the road, stepped access, or whether the building is attached to a neighbour. The assessment below rests on the listing text and our own road price measurement; a site visit is separately necessary.
This is a two-storey wooden apartment building eight minutes on foot from Atsugi Station on the Odakyu Odawara Line. Built in October 1993, it is 32 years old, with 324.32 sqm of floor area across six units, all three-bedroom family layouts. The land is generous at 660.92 sqm (about 200 tsubo) and the price is 75 million yen. The gross yield is 7.18% on projected annual income of 5,388,000 yen, and the building is currently fully occupied. All eleven parking spaces are also in use.
The assessed value ratio is 136.6%. At 32 years the wooden structure is past its 22-year statutory service life, so the building assessment is zero and the entire figure comes from the land. The inheritance tax road price is 155,000 yen per sqm, up 10.7% over three years: 140,000 in 2024, 150,000 in 2025, and 155,000 in 2026.
⚠️ At 660.92 sqm the land may qualify for the large-scale residential land adjustment. It falls in the 500 to 1,000 sqm range for the three major metropolitan areas, giving an adjustment factor of roughly 0.79. We do not apply this adjustment, so the figure shown is unadjusted at 136.6%; with the adjustment the ratio falls to 107.9%. Either way it clears 80%.
⚠️ The frontage is a 3.50m public road on the southwest side, under the 4m threshold. A setback will likely be required when rebuilding, but the listing gives no setback area so we have not deducted it. The actual width also needs checking on site.
The property sits east of Atsugi Station, near blocks 28 and 29. Road prices around this area run from 155,000 to 170,000 yen per sqm, and we took the conservative 155,000. At 165,000 the ratio would be 145.4%, and even the area's lowest value of 145,000 gives 127.8%.
This is a property to weigh by setting an eight-minute walk, full occupancy and 200 tsubo of land against the complete absence of photographs and the figure under the large-scale land adjustment.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.
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