For SaleCondominium

Este Villa Morinosato Building 7

Morinosato 2-chome, Atsugi-shi, Kanagawa
  • Corner unit
  • Pets negotiable
Asking Price
¥12,500,000
Este Villa Morinosato Building 7 - 1/15
1 / 15

Executive Summary

This is Este Villa Morinosato Building 7, a 3-story reinforced concrete condominium built in August 1988, located in Morinosato 2-chome, Atsugi-shi, Kanagawa. Transportation access is via a 23-minute bus ride from Hon-Atsugi Station on the Odakyu Odawara Line, plus a 2-minute walk from the bus stop. The unit is a south-facing corner unit located on the 1st floor with a 3LDK layout, a floor area of 82.2 sqm, and a balcony area of 10.19 sqm. It is equipped with a system kitchen, bath reheating function, bathroom ventilation dryer, monitor-equipped intercom, and more, with renovations of the wet areas (kitchen, bathroom, washroom, water heater) and interior completed in December 2020. Land rights are ownership, and the zoning is Category I Low-rise Residential Zone. The property is currently vacant and available for immediate handover. Nearby amenities include a park and an elementary school at 75 m (1-minute walk), a kindergarten/nursery school at 550 m (7-minute walk), a post office at 600 m (8-minute walk), commercial facilities at 700 m (9-minute walk), and medical facilities at 800 m (10-minute walk). Pet ownership is negotiable.

Property Details

Building Area
82.2 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1988
Floors
Floor 1 of 3
Earthquake Std.
New Seismic Standard
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Site area (whole building)
9,820.8 ㎡
Land rights
Freehold
Zoning
Category 1 low-rise residential zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
三菱地所コミュウニテイ株式会社
Owners' association
Yes
Total units
77 units

Utilities & nearby

Gas
City gas
To elementary school
about 75 m
To junior high school
about 1100 m

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.04%
Est. Net Yield
4.28%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

Management and repair fees for this property are not available, so expenses are assumed to be 15% of rent.

Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥12,690,000+¥540,000¥720,0005.4%-1.6%
2yr¥12,880,000+¥1,070,000¥1,450,00010.8%1.9%
3yr¥13,070,000+¥1,610,000¥2,180,00016.2%3.1%
4yr¥13,270,000+¥2,140,000¥2,910,00021.6%3.7%
5yr¥13,470,000+¥2,680,000¥3,640,00027.1%4%
6yr¥13,670,000+¥3,210,000¥4,380,00032.6%4.2%
7yr¥13,870,000+¥3,750,000¥5,120,00038.1%4.4%
8yr¥14,080,000+¥4,280,000¥5,870,00043.6%4.5%
9yr¥14,290,000+¥4,820,000¥6,610,00049.2%4.6%
10yr¥14,510,000+¥5,360,000¥7,360,00054.8%4.6%

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥938,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥478,500
Real Estate Acquisition Tax (est., rate varies by property type)¥220,000
Registration License Tax (title transfer)¥110,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥120,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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