積算100
[Assessed 91.8%] Apartment building in Fujisawa, Kanagawa — 11 min from Zengyo Sta.
Assessed 91.8%Apartment buildingFujisawa, KanagawaZengyo Sta. 11 min walk

[Assessed 91.8%] Apartment building in Fujisawa, Kanagawa — 11 min from Zengyo Sta.

Published: Sep 22, 2026Updated: Sep 22, 2026

Property Overview

LocationFujisawa, Kanagawa
Nearest StationOdakyu Enoshima Line Zengyo Sta.
Walk11 min walk
Assessed Ratio91.8%Assessed 91.8%
Price¥62,300,000
TypeApartment building
Expected Yield6%
StructureLight steel frame
BuiltBuilt Jul 1994 (32 years old)
Land Area408.42㎡
Building Area276.52㎡

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.

Kenbiya¥62,300,000View listing

Assessed Value Breakdown

Land assessed value¥57,178,800
Building assessed value¥0
Total assessed value¥57,178,800
Asking price¥62,300,000
Assessed ratio91.8%

Calculation basis

  • Land = road price ¥140,000/m² × land area 408.42m²
  • Building = replacement cost ¥220,000/m² × floor area 276.52m² × remaining life 0y ÷ statutory life 22y
  • Built Jul 1994 (32 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: ±0.0%
YearRoad price (JPY/m²)YoY
2024140,000
2025140,000±0.0%
2026140,000±0.0%

Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.

How We Checked This Property

Because there is only one photo of Building B itself, we checked the photos in the separate Building A listing, elevation data from the Geospatial Information Authority of Japan and the 2026 route price map (sheet 76128) to confirm the lot's level differences and the basis of the route price.

Locating the road price

We read every local street in Zengyozaka 1-chome on the 2026 route price map (sheet 76128) and adopted the most common value, 140,000 yen/m² (others: 135,000 yen on three streets, 145,000 yen on two, and 130,000 and 125,000 yen on one each). Building B lies toward the 140,000-yen road on the east, but it may reach the 135,000-yen road via the agreement road to the south, in which case the ratio would be 88.5%. The value was flat at 140,000 yen for all three years.

View source
Listing check

The property is Symphonia Building B. From the residential addresses, building coordinates and aerial photos, we confirmed that Building A is on the west and Building B on the east of the same row. Building A (6 units, 550.63 m² of land) is listed separately; this listing is Building B only (4 units, 408.42 m² of land). No private-road burden or flag-shaped access strip is mentioned, so the full 408.42 m² is assessed.

Building valuation assumptions

Two-story light-gauge steel, completed July 1994 and now 32 years old. It is past the 22-year statutory useful life for light-gauge steel, so the building is assessed at zero. The listing states it is fully occupied.

On-site check from photos

The only photo of Building B is one exterior shot from before repainting. The parking area and Building B's ground floor are at almost the same level, and the concrete edges of the planting strip and similar areas are about 0.4 to 0.6 m high. The two exterior photos in the Building A listing also show the parking, the agreement road to the south and the ground floor at the same level, with no steps or retaining walls. With no photo of the northern and eastern boundaries, we used the 1 m mesh elevation data from the Geospatial Information Authority of Japan and estimated a difference of about 0.6 to 0.8 m to the northern neighbor and about 0.5 to 0.7 m to the eastern road.

Rights and restrictions

The zoning, coverage ratio, floor area ratio and road access fields in the listing are "-", and the direction and width of the access road are unknown. The remarks in the separate Building A listing mention a sediment disaster warning area (yellow zone) on the western boundary and memoranda on passage over the southern agreement road and on maintaining a buried firefighting water tank, but the Building B listing has no such remarks. The elevation data place the roughly 7 m slope between the Okoshi Elementary School grounds and Building A.

What We Could Not Confirm

  • The road access field is "-", so the direction, width and type of the road are unknown. Access may be via the agreement road to the south; whether the lot fronts a road recognized under the Building Standards Act needs to be confirmed.
  • The separate Building A listing mentions a sediment disaster warning area (yellow zone, on the western boundary) and memoranda on passage over the southern agreement road and on maintaining a buried firefighting water tank. The Building B listing does not mention them; whether they also apply to Building B should be confirmed with the agent.
  • No photo shows the boundaries with the northern neighbor and the eastern road, so the presence and condition of any retaining wall or block wall there is only estimated from elevation data (a difference of about 0.5 to 0.8 m).
  • The zoning, coverage ratio and floor area ratio fields in the listing are "-"; the 50% coverage and 80% floor area ratio in the building information are the only clues.
  • No photo shows the area between Buildings A and B, and the listing does not show the lot boundary between them or the shares and usage arrangements for the parking area and agreement road.

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

Fuji Zengyo
8 min walk from the station

Supermarket in Zengyozaka 1-chome. About 440 m in a straight line from the building and about 570 m from Zengyo Station (based on OpenStreetMap).

Source
Lawson
10 min walk from the station

Convenience store in Zengyozaka 1-chome. About 410 m in a straight line from the building and about 730 m from Zengyo Station (based on OpenStreetMap).

Source
Sotetsu Rosen
1 min walk from the station

Supermarket in front of Zengyo Station (Zengyo 1-chome). About 660 m in a straight line from the building and about 50 m from the station (based on OpenStreetMap).

Source

Neighborhood ② Dining Near the Station

Gusto
4 min walk from the station

Family restaurant in Zengyo 2-chome. About 420 m in a straight line from the building and about 320 m from Zengyo Station (based on OpenStreetMap).

Source
McDonald's
1 min walk from the station

Hamburger restaurant in front of Zengyo Station (Zengyo 1-chome). About 690 m in a straight line from the building and about 20 m from the station (based on OpenStreetMap).

Source
Marugame Seimen
3 min walk from the station

Udon noodle restaurant in Zengyo 6-chome. About 700 m in a straight line from the building and about 220 m from Zengyo Station (based on OpenStreetMap).

Source

About This Property

Symphonia Building B, a whole apartment building in Zengyozaka 1-chome, Fujisawa, an 11-minute walk from Zengyo Station on the Odakyu Enoshima Line. Building A (6 units, 550.63 m² of land) stands to the west on the same group of lots and is listed for sale separately. This listing covers only Building B to the east (4 units, 408.42 m² of land), which has its own residential address and its own land. The Fujisawa Municipal Okoshi Elementary School is next door to the west. The listing gives no nearby facilities, so we confirmed their locations and neighborhoods on OpenStreetMap and show straight-line distances from the building position identified from the residential address and aerial photos: a Lawson in Zengyozaka 1-chome is about 410 m away, the Fuji Zengyo supermarket about 440 m, and the Gusto family restaurant in Zengyo 2-chome about 420 m. A Sotetsu Rosen supermarket is in front of Zengyo Station.

The price is 62.3 million yen. The building is a two-story light-gauge steel structure completed in July 1994 with 4 units and 276.52 m² of total floor area, on 408.42 m² of land (about 123.5 tsubo, freehold, land category: residential). The listing states it is fully occupied, with an annual full-occupancy rent of 3.744 million yen (312,000 yen per month) and a gross yield of 6.0%. The zoning, building coverage, floor area ratio and road access fields in the listing are all shown as "-". LIFULL HOME'S building information gives a coverage ratio of 50%, a floor area ratio of 80%, an urbanization promotion area and flat terrain.

For the route price, we read the local streets of Zengyozaka 1-chome on the 2026 route price map (sheet 76128) and adopted the most frequent value, 140,000 yen/m² (leasehold ratio D), as the representative value. The road on the east side of Building B's lot is also 140,000 yen/m², and the road to the south is 135,000 yen/m². At 135,000 yen/m² the assessed ratio would be 88.5%, and even at the lowest value in the district, 125,000 yen/m², it would be 81.9%. The route price has been flat at 140,000 yen/m² for three years since 2024. The building is 32 years old and past the 22-year statutory useful life for light-gauge steel, so it is valued at zero and the assessed value is the land alone. The only photo of Building B itself is one exterior shot taken before repainting, so we supplemented it with two exterior photos from the separate Building A listing and elevation data from the Geospatial Information Authority of Japan. The parking area, the agreement road to the south and the ground floor are at almost the same level, and no steps or retaining walls appear. According to the elevation data, the lot differs from the northern neighbor and the eastern road by about 0.5 to 0.8 m.

⚠️ Road access has not been confirmed. The road access field in the listing is "-", and the building information only says the lot faces a road on one side, without direction, width or road type. Access may be via the agreement road to the south. Whether the lot fronts a road recognized under the Building Standards Act affects rebuilding and financing, so it should be checked against the municipal road register. ⚠️ The remarks in the separate Building A listing state that a sediment disaster warning area (yellow zone) lies on the western boundary, and that there are memoranda on passage over the agreement road to the south and on the maintenance of a firefighting water storage tank buried under it. The Building B listing does not mention these, but Building B may face the same agreement road, so whether they also apply to Building B should be confirmed with the agent. The elevation data show that the roughly 7 m slope down to the Okoshi Elementary School grounds lies west of Building A, and we found no change of 1 m or more around Building B's lot. No photo shows the northern or eastern boundary.

Estimated Financing

Assessed value ¥57,178,800 → estimated loan ¥57,170,000 (92% 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.

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