[Assessed 134.3%] Condominium building in Fujisawa, Kanagawa — 18 min from Tsujido Sta.

This is a three-story reinforced concrete apartment building (9 units) in Tsujido 6-chome, Fujisawa, an 18-minute walk from Tsujido Station on the JR Tokaido Line. It lies in an urbanization promotion area zoned Category 1 Low-Rise Exclusive Residential (building coverage 50%, floor area ratio 80%), and the site faces a 4.50 m public road on its southwest side. The address is disclosed only down to Tsujido 6-chome; the lot number is not public. Nearby, there is a Lawson about 140 m, Kura Sushi about 160 m and OK Store Tsujido about 290 m in a straight line from the centroid of Tsujido 6-chome (these are straight-line distances from the town centroid on OpenStreetMap, not from the property).

The land is 582.51 ㎡ (registered area) and the building 578.54 ㎡. It was built in November 1987, has a tiled exterior, and consists of 2 × 1DK, 3 × 2DK and 4 × 3DK units. The land is freehold, registered as residential land, and no private road burden is listed. The asking price is ¥140 million with expected annual income of ¥8.124 million (gross yield 5.80%), and the building is listed as fully occupied. The Rakumachi listing was first registered on June 30, 2026, and has stayed on the market for about three months. The same property is also listed on Kenbiya at the same price. In the 10 photos on Rakumachi, the front road and the parking area are at the same level, and no retaining wall or significant step is visible at the boundaries shown. However, the northeast (rear) boundary does not appear in any photo, so whether there is a retaining wall or level difference there is unconfirmed.

⚠️ The listing states that, because the building exceeds the permitted floor area ratio, a building of the same size cannot be rebuilt. The total floor area of 578.54 ㎡ divided by the land area of 582.51 ㎡ is about 99%, above the designated floor area ratio of 80%. Rebuilding is not prohibited, but a rebuild would have to keep the floor area counted toward the ratio within 80% of the land area (about 466 ㎡), so the new building would be smaller than the current one. Depending on the lender, a building that exceeds its floor area ratio may affect loan approval or terms.

The road price used is the 2026 (Reiwa 8) value of ¥260,000/㎡ (leasehold ratio symbol D), the most common value on the local streets of Tsujido 6-chome. The same road was ¥225,000/㎡ in 2024 and ¥245,000/㎡ in 2025, up about 15.6% over two years. The land's total road-price value is about ¥151.45 million, which on its own exceeds the asking price. The building, on the other hand, is a 38-year-old reinforced concrete structure with 9 years remaining of its 47-year statutory useful life, so it is valued at only about ¥36.56 million. The high assessed ratio comes from this combination of land and building. The property's exact position within the town has not been identified, but even with the lowest band in the town, ¥230,000/㎡, the assessed ratio is about 121.8%. The floor-area-ratio excess and its effect on rebuild size and financing, as well as the condition of the northeast boundary, should be confirmed with the listing agent.