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神奈川県海老名市中新田3丁目の一棟アパート
Listing endedAssessed 136.6%Apartment buildingEbina, KanagawaAtsugi Sta. 8 min walk

[Assessed 136.6%] Apartment building in Ebina, Kanagawa — 8 min from Atsugi Sta.

Published: Sep 3, 2026Updated: Sep 13, 2026

Property Overview

LocationEbina, Kanagawa
Nearest StationOdakyu Odawara Line Atsugi Sta.
Walk8 min walk
Assessed Ratio136.6%Assessed 136.6%
Price¥75,000,000
TypeApartment building
Expected Yield7.18%
StructureWooden
BuiltBuilt Oct 1993 (32 years old)
Land Area660.92㎡
Building Area324.32㎡

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 ratio136.6%

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%
YearRoad price (JPY/m²)YoY
2024140,000
2025150,000+7.1%
2026155,000+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.

On-site check from photos

The Rakumachi listing carries no property photographs. This is not a retrieval failure: every image URL recoverable from the HTML belongs to a different property in the "similar properties" panel, and no image exists for this one. The same property appears on Kenbiya (Atsugi Station 8 minutes, 75 million yen, 7.18% yield, 324.32 sqm floor area, 660.92 sqm land, October 1993, six units), but that listing states explicitly that no images are available. A SUUMO search for whole-building properties in Ebina returned nothing. Retaining walls, level differences at the road, stepped access and terrace-house attachment therefore all remain unverified.

View source
On-site check from photos

In place of photographs we measured the terrain. Putting the listing coordinates through the Geospatial Information Authority reverse geocoder returns Nakashinden 3-chome, matching the stated address. Sampling elevation data (1m laser survey) across a 60m square at 10m intervals around that point gives 18.0m to 18.8m, with a maximum difference of 0.4m between adjacent points: entirely flat ground. This is alluvial lowland on the left bank of the Sagami River, terrain on which a one-metre retaining wall or slope face does not arise. That said, this measurement does not substitute for photographs, and the decision to write this up rests on the assessed ratio.

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Locating the road price

With the lot number undisclosed we identified the block. Geocoding all 32 blocks of Nakashinden 3-chome through the Geospatial Information Authority address API, the closest to the property coordinates are block 28 at 36m and block 29 at 43m, followed by block 24 at 72m and block 27 at 83m. Road price map sheet 80187 shows an area where blocks 28, 29, 27, 30 and 24 sit together. The roads bounding blocks 28 and 29 are 155,000 yen (west of 29), 165,000 (between 28 and 29), 160,000 (south of 28) and 170,000 (northeast of 29). We took the lowest, 155,000 yen per sqm, to avoid letting an arterial pull the figure up. At 165,000 the ratio would be 145.4%, and the area's lowest at 145,000 still gives 127.8%.

View source
Effective land area

At 660.92 sqm the land may qualify for the large-scale residential land adjustment. It falls within the 500 to 1,000 sqm band for the three major metropolitan areas, giving an adjustment factor of about 0.79. We do not apply this adjustment, so the published figure is unadjusted; with it the land assessment falls to 80,956,376 yen and the ratio to 107.9%. Either way the property clears 80%.

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Building valuation assumptions

The building is wooden construction from October 1993, making it 32 years old. Past the 22-year statutory service life, the building assessment is zero, so the 136.6% comes entirely from the land. The property name contains no reference to LivLi.

View source
Listing check

We checked the listed walking time. From the listing coordinates to the reference point of Nakashinden 1-chome, where Atsugi Station sits, is about 610m in a straight line, which at 80m per minute works out to roughly 8 minutes, matching the listed figure. No discrepancy here. The remarks field says only "fully occupied", with no nearby facility names, distances or notes on fittings.

View source

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

Super Nakaya
2 min walk from the station

A grocery supermarket about 84 m in a straight line from the centroid of Nakashinden 3-chome, Ebina.

Source
Daily Yamazaki Ebina Nakashinden
4 min walk from the station

A convenience store about 261 m in a straight line from the centroid of Nakashinden 3-chome, Ebina.

Source
Create SD Ebina Nakashinden
4 min walk from the station

A drugstore about 288 m in a straight line from the centroid of Nakashinden 3-chome, Ebina.

Source

Neighborhood ② Dining Near the Station

Ramen Kobayashiya Ebina
5 min walk from the station

A ramen restaurant about 380 m in a straight line from the centroid of Nakashinden 3-chome, Ebina.

Source
Karayama Ebina Nakashinden
6 min walk from the station

A karaage set-meal restaurant about 437 m in a straight line from the centroid of Nakashinden 3-chome, Ebina.

Source

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

Assessed value ¥102,442,600 → estimated loan ¥75,000,000 (100% of the asking price)

Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

静岡銀行
Regional bankLand-value focusedStrong with apartment buildingsGood with older buildings
本業年収700万円以上が検討対象。 相続税路線価から算出した「土地の積算」が60%以上出ていれば、基本的にフルローンとなる。 修正後バランスシートも重視しており、属性枠だけで終了する訳ではない為、可能な限り「土地」が高積算の物件を買い進めていきたい。
L&Fアセットファイナンス
Non-bank lenderLand-value focusedStrong with apartment buildingsGood with older buildings
土地値が出る築古系が得意。 属性はほぼ問わない。 どんなに担保評価が付いたとしても8割融資が目安。 建物の価値に対してはほぼ担保評価を付けてくれない為、新築や築浅の物件は要注意。 但し、建売の売れ残りや変形地等の場合は、土地が広くて担保評価が伸びたり、賃料が高くて収益還元評価が伸びたりして、思わずハマるケースがある。 また、産休中でも行けた、貴重な存在の金融機関である。
関西みらい銀行
Regional bankAssessed-value focusedStrong with apartment buildings
土地から新築OK。 築古過ぎず、好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 産休中はNG。 築古過ぎる場合は、信用金庫・信用組合のセゾンファンデックス保証付の不動産担保ローンが適す。

General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

Listing endedThe listing for this property has ended. The information reflects the time of listing and the property is no longer available.
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