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[Assessed 107.4%] Apartment building in Kita Ward, Saitama City, Saitama — 6 min from Tetsudo-Hakubutsukan (Onari) Sta.
Assessed 107.4%Apartment buildingKita Ward, Saitama City, SaitamaTetsudo-Hakubutsukan (Onari) Sta. 6 min walk

[Assessed 107.4%] Apartment building in Kita Ward, Saitama City, Saitama — 6 min from Tetsudo-Hakubutsukan (Onari) Sta.

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

Property Overview

LocationKita Ward, Saitama City, Saitama
Nearest StationSaitama New Urban Transit (New Shuttle) Tetsudo-Hakubutsukan (Onari) Sta.
Walk6 min walk
Assessed Ratio107.4%Assessed 107.4%
Price¥33,000,000
TypeApartment building
Expected Yield6.4%
StructureWooden
BuiltBuilt Mar 2002 (24 years old)
Land Area181.81㎡
Building Area131.48㎡

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¥33,000,000View listing
Rakumachi¥33,000,000View listing

Assessed Value Breakdown

Land assessed value¥35,452,950
Building assessed value¥0
Total assessed value¥35,452,950
Asking price¥33,000,000
Assessed ratio107.4%

Calculation basis

  • Land = road price ¥195,000/m² × land area 181.81m²
  • Building = replacement cost ¥220,000/m² × floor area 131.48m² × remaining life 0y ÷ statutory life 22y
  • Built Mar 2002 (24 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +5.4%
YearRoad price (JPY/m²)YoY
2024185,000
2025190,000+2.7%
2026195,000+2.6%

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

How We Checked This Property

Rather than copying the listing, we checked the 2026 roadside land price maps (sheet 31115 and four adjoining sheets), the listing photos and the duplicate listing on Rakumachi to verify the figures and the state of the plot.

Locating the road price

Higashi-Onari-cho 1-chome spans five map sheets, so we collected the local-street bands on all five. The most common value, on about 12 segments, is JPY 195,000 per sqm, which we adopted; the circled segments along the old Nakasendo (195,000 to 240,000) are arterial in character and were excluded. The same street moved 185,000 → 190,000 → 195,000 over three years, a rise of about 5.4%. The lot number is undisclosed, so the position within the chome is not fixed, but the neighbouring 190,000 band gives 104.7% and even the lowest band in the chome, 155,000, gives 85.4%, so no band takes the ratio below 80%.

View source
Effective land area

We used the registered 181.81 sqm as is. Kenbiya defines its land area as excluding private-road portions, so the half share of a 51.27 sqm private road noted in the remarks was not deducted again; the Rakumachi listing also shows 181.81 sqm with the private-road field blank. Even if the 25.64 sqm share were included in the area, the usable plot would be 156.17 sqm and the assessed ratio 92.3%.

On-site check from photos

The listing has two exterior photos and a floor plan. The frontage is a flat asphalt parking area with no step or stairs from the road. A 1.6 to 1.8 m block wall stands on one side boundary, but the ground is at the same level on both sides, so it is not a retaining wall. The building is a standalone two-unit block with no corridor-shaped strip. Geospatial Information Authority elevation data also shows four points in the chome at 14.3 to 15.1 m, i.e. flat. There is no photo of the private road itself, so its width cannot be read from the photos.

Listing check

The same property is also listed on Rakumachi (registered 27 October 2025, updated 22 September 2026), and the price, land area, floor area, build date and walking time match the Kenbiya listing. It has been on Rakumachi for about 11 months, and the listing does not explain why. Both units were occupied at the time of listing; the breakdown behind the 6.4% gross yield (rent and lease term per unit) is not disclosed.

Rights and restrictions

Road access is listed as private road, with a note of a half share of a 51.27 sqm private road. Neither Kenbiya nor Rakumachi gives the road width or type. There is no mention of non-rebuildability, a proviso road, cliff ordinances or a setback. Zoning is Category 1 residential (coverage 60%, floor area ratio 200%), the land is freehold, and the notes state that the current condition takes precedence.

What We Could Not Confirm

  • The width and type of the private road (for example whether it is a designated road) are not in the listing. The building passed building confirmation in 2002, but treatment on rebuilding needs to be confirmed with the agent.
  • The lot number is undisclosed, so the position on the roadside price map is not fixed within the chome. The fronting band is somewhere between 155,000 and 230,000 yen per sqm; even the lowest gives an assessed ratio of 85.4%.
  • Whether the 25.64 sqm private-road share is included in the 181.81 sqm land area cannot be determined from the listing. If it is, the assessed ratio is 92.3%.
  • The building is described as fully occupied with a 6.4% gross yield, but rent, lease term and move-in date for each unit are not disclosed.
  • The property has been listed on Rakumachi for about 11 months since October 2025. The reason, including any price changes, cannot be read from the listing.

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

Maruetsu Onari
6 min walk from the station

Food supermarket, 7 minutes on foot from the property according to the listing and about 140 m in a straight line from the chome centroid.

Source
My Basket Tetsudo-Hakubutsukan Ekimae
3 min walk from the station

Small supermarket by the station, about 470 m in a straight line from the chome centroid.

Source
Rogers Onari
4 min walk from the station

Discount store for food and daily goods, 11 minutes on foot from the property according to the listing and about 660 m in a straight line from the chome centroid.

Source

Neighborhood ② Dining Near the Station

Coco's Omiya Onari
6 min walk from the station

Family restaurant about 80 m in a straight line from the chome centroid.

Source
Gusto Omiya Onari
5 min walk from the station

Family restaurant about 700 m in a straight line from the chome centroid.

Source
Matsuya Omiya Onari
5 min walk from the station

Beef-bowl chain about 680 m in a straight line from the chome centroid.

Source

About This Property

A two-storey wooden apartment building with two units in Higashi-Onari-cho 1-chome, Kita Ward, Saitama City, 6 minutes on foot from Tetsudo-Hakubutsukan (Onari) Station on the Saitama New Urban Transit (New Shuttle) line and 12 minutes from Kita-Omiya Station on the Tobu Urban Park Line. Omiya is 3 minutes from Tetsudo-Hakubutsukan, and Ikebukuro or Shinjuku are 30 to 35 minutes from Omiya, so singles and couples commuting via Omiya are a realistic tenant base. Zoning is Category 1 residential (building coverage 60%, floor area ratio 200%) in a neighbourhood of detached houses and low-rise apartments.

The building was completed in March 2002 (24 years old) by Daiwa House and consists of two 2LDK maisonettes, both corner units facing south-east, with a 14-tatami living-dining-kitchen and terrace on the first floor and two bedrooms with a balcony on the second. The total floor area is 131.48 sqm on a 181.81 sqm freehold plot (registered area). Both units were occupied at the time of listing, giving a gross yield of 6.4%; the rent and lease term of each unit are not disclosed.

On the valuation side, the 2026 inheritance-tax roadside land price is JPY 195,000 per sqm, up about 5.4% over three years (185,000 → 190,000 → 195,000). The land value comes to JPY 195,000 × 181.81 sqm, roughly JPY 35.45 million; the building is valued at zero because it exceeds the 22-year statutory life for wooden structures, and the assessed ratio against the JPY 33 million asking price is 107.4%. Land alone exceeds the price, with a fully occupied building on top.

⚠️ Access is via a private road. The remarks note a half share of a 51.27 sqm private road, but neither the Kenbiya nor the Rakumachi listing gives the road width or type (for example whether it is a designated road). The building went through building confirmation in 2002, so access requirements were met at the time, but treatment on rebuilding should be confirmed with the agent. The property has also been listed on Rakumachi since October 2025, about 11 months, and the listing does not explain why. The lot number is undisclosed, so the position within the block is not fixed on the roadside price map, but even the lowest band in the chome keeps the assessed ratio in the mid-80s.

Estimated Financing

Assessed value ¥35,452,950 → estimated loan ¥33,000,000 (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.

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