[Assessed 128.7%] Land in Funabashi, Chiba — 17 min from Magomezawa Sta.

⚠️ There are no on-site photos of this property. The only image on SUUMO is a lot plan, and we found no listing of the same property on Yahoo! Real Estate, athome, Rakumachi or LIFULL HOME'S. As a result, we could not confirm from photos whether there is a retaining wall, whether there is a step or stairs between the lot and the road, whether the old house shares a wall with its neighbor (row house), or what condition the house's exterior is in. The Geospatial Information Authority of Japan's 5 m elevation data puts the area within ±30 m of the listing coordinates at 27.3–27.8 m, a flat plateau, but the coordinates are only accurate to a few tens of meters and a 5 m grid can smooth over a retaining wall or step of around 1 m, so this is not a substitute for photos.

⚠️ The listing's remarks state that there is a disclosure matter (kokuchi jiko), but its content is not given and must be obtained from the agent. The sale also comes with the seller's liability for non-conformity waived, items left behind on the property, and no survey or boundary confirmation with neighbors. The lot fronts a private road about 4 m wide on the south side for 12.7 m, but the listing does not say what type of road it is under the Building Standards Act, how the private road is owned, or whether consent for passage and excavation has been obtained.

This is a lot with an old house in Maruyama 4-chome, Funabashi, a 17-minute walk from Magomezawa Station on the Tobu Urban Park Line (Tobu Noda Line). The price is ¥9.5 million for 151 m² (45.67 tsubo) of freehold land registered as residential. The registered area of 177.02 m² includes a 25.4 m² share of the private road; 151 m² is the net area excluding it. The lot plan shows a regular-shaped lot about 12.7 m wide and 11.4–12.4 m deep. It is in a Category 1 Low-rise Exclusive Residential Zone (building coverage 50%, floor area ratio 100%), no building condition is mentioned, and it has public water and city gas. The old house is a two-story wooden building with a tiled roof, 111.25 m² of floor area, built in May 1983; since it is past its statutory useful life, the building is valued at ¥0 and only the land is assessed.

The private road the lot faces has no route price, so the land is valued using ¥81,000/m², the lowest of the public roads bordering the block, and the price is below the land value based on route prices. Possible reasons include the undisclosed disclosure matter, the liability waiver, the cost of removing leftover items, the lot fronting only a private road, and the unconfirmed boundaries, but the listing does not show which of these matter. Distances to nearby places are straight-line distances measured from SUUMO's listing coordinates using map data (OpenStreetMap). Within 200 m east and southeast of the coordinates the area is already Kamagaya City, and the nearest supermarket (about 230 m) is on the Kamagaya side, so only shops confirmed to be in Funabashi are listed here. The listing is handled by Minosan Ltd. as the agent.