[Assessed 198.8%] Land in Funabashi, Chiba — 15 min from Takanekido Sta.

This is a plot of land in Shibayama 5-chome, Funabashi. The listing gives a 15-minute walk to both Takanekido Station (Keisei Matsudo Line) and Iidayama Station (Toyo Rapid Railway), and 17 minutes to Takane-Kodan Station. The zoning is Category 1 Exclusively Low-rise Residential (building coverage 50%, floor area ratio 100%). It is a corner lot with 11.85m of frontage on a 4.7m public road to the southeast and 9.57m on a 4.0m designated private road to the north.

The land is 55.67㎡ (registered), freehold, with a residential land category, priced at 3.5 million yen. It is an irregular, nearly triangular shape, so the building footprint is capped at about 27.8㎡ and the total floor area at about 55㎡. It is currently a monthly car park for two cars, and the listing says it can continue to be rented out as is. The 'other restrictions' field is blank ('-'), and public water, sewer and city gas are available.

We used 125,000 yen/㎡, the most common value among the local streets of Shibayama 5-chome, as the representative road price. It has risen about 13.6% in two years from 110,000 yen/㎡ in 2024. The road-price value of the land is about 6.96 million yen, roughly twice the asking price. Rather than a bargain, the price likely reflects the small, irregular plot and the limited size of building that can be put on it.

⚠️ The listing shows 22.14㎡ under 'private road burden'. The lot plan draws the designated road to the north as a separate parcel outside the site, and the area calculated from the four sides matches the registered area, so we treated the 22.14㎡ as a separate share of the road and did not deduct it. If it were deducted as part of the land, the effective area would be 33.53㎡ and the assessed ratio about 119.8%. The form of the road share, consent for passage and excavation, whether rebuilding is allowed, and any minimum lot size should be confirmed with the agent.

This is a small corner lot in a residential area served by two stations, sold as land only. Its uses, such as renting it as parking or building a small house, are limited, so it is a property to consider after confirming whether and how large a building can be built.