For SaleCondominiumAkiya

Shibayama Danchi

Shibayama 3-chome, Funabashi-shi, Chiba
  • Top floor
  • Corner unit
Asking Price
¥8,500,000
Shibayama Danchi - 1/17
1 / 17

Executive Summary

This reinforced concrete (RC) 5-story apartment building, built in March 1977, is located in Shibayama 3-chome, Funabashi-shi, Chiba. It is situated a 10-minute walk from Hasama Station on the Toyo Rapid Railway. The unit is a south-facing corner unit on the 5th floor, featuring a 2LDK layout with a floor area of 49 m² and a balcony area of 8.49 m². There is no building directly in front, and it is equipped with city gas, separate bath and toilet, a system kitchen, air conditioning, and other amenities. In July 2026, renovations were completed for the wet areas (kitchen, washroom, plumbing and drainage pipes, and newly installed washing machine pan) and interior (flooring, and wallpaper replacement across all rooms). Land rights are ownership, and the zoning is Category I Medium-and-High-Rise Residential Zone. The property is currently vacant and available for immediate handover. Surrounding facilities include a kindergarten/nursery school (388 m, 5-minute walk), an elementary school (409 m, 6-minute walk), a drugstore (510 m, 7-minute walk), and a supermarket (539 m, 7-minute walk).

Property Details

Building Area
49.0 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1977
Floors
Floor 5 of 5
Earthquake Std.
Old Seismic Standard
Transport
  • Hasama Station
    Toyo Rapid Railway
    Walk 10 min
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)
50,177.5 ㎡
Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Costs besides the price

Repair reserve fund (one-time)
¥1,283,542,591Paid once at purchase
Parking
Yes

Building management

Management type
Self-managed
Building manager
Live-in
Owners' association
Yes
Total units
590 units

Utilities & nearby

Gas
City gas
To elementary school
about 409 m
To junior high school
about 656 m

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

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Not within a published hazard areaFlooding from rivers without a published assessment, and flooding caused by overwhelmed drainage, is not included.
Storm surge
Not within a published hazard area
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Unlikely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Category I mid/high-rise exclusive residential zone
Floor area ratio · Building coverage ratio
Floor area ratio 200% · Building coverage ratio 60%

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

飯山満 (東葉高速鉄道)
About 19,276 passengers per day (FY2023)About 440 m in a straight line
高根木戸 (新京成電鉄)
About 8,015 passengers per day (FY2023)About 1,350 m in a straight line
高根公団 (新京成電鉄)
About 14,382 passengers per day (FY2023)About 1,410 m in a straight line
Nearest elementary school
船橋市立芝山東小学校About 200 m in a straight line
Nearest junior high school
船橋市立芝山中学校About 520 m in a straight line
Nearest high school
千葉県立船橋芝山高等学校About 430 m in a straight line
Nurseries and kindergartens
Within 500 m: 2 / within 1 km: 8
Clinics
Within 500 m: 5

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 1,157 people
2050 (estimate)
about 984 people (-14.9% vs 2025)
Share aged 65 and over
33.5% → 35.9% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Residential land · about 348 m
¥199,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+3.6% vs last year)
Residential land · about 689 m
¥111,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+3.7% vs last year)
Residential land · about 701 m
¥117,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+3.5% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

Nearby transactions

Overview (2025 Q1 – 2026 Q1)
21 records · median ¥122,000 per ㎡ (middle half: ¥90,000 – ¥282,353)Records for Shibayama 3-chome, Funabashi-shi (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥7,300,000・50 ㎡・2LDK・built 1977Contract price information
2026 Q1
¥5,500,000・50 ㎡・3DK・built 1977Contract price information
2025 Q4
¥4,000,000・45 ㎡・built 1977Transaction price information (survey-based)
2025 Q4
¥3,000,000・45 ㎡・2LDKTransaction price information (survey-based)
2025 Q4
¥1,700,000・45 ㎡・2DK・built 1977Transaction price information (survey-based)

Records of actual transactions published by the Ministry of Land, Infrastructure, Transport and Tourism. They do not reflect individual circumstances such as floor, orientation or condition, and are not an evaluation of this property's price.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/15/2026

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
5.06%
Est. Net Yield
2.47%

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

If sold after 10 years (before tax)
Annual return (IRR)
1.4%
Net gain
+¥1,240,000
Gain on total investment +13.5%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥8,500,000+¥230,000¥-800,000-8.7%-8.7%
2yr¥8,500,000+¥450,000¥-570,000-6.2%-3.2%
3yr¥8,500,000+¥680,000¥-340,000-3.8%-1.3%
4yr¥8,500,000+¥910,000¥-120,000-1.3%-0.3%
5yr¥8,500,000+¥1,130,000+¥110,000+1.2%0.2%
6yr¥8,500,000+¥1,360,000+¥340,000+3.7%0.6%
7yr¥8,500,000+¥1,580,000+¥560,000+6.1%0.9%
8yr¥8,500,000+¥1,810,000+¥790,000+8.6%1.1%
9yr¥8,500,000+¥2,040,000+¥1,010,000+11.1%1.3%
10yr¥8,500,000+¥2,260,000+¥1,240,000+13.5%1.4%

Assumptions

  • Total investment ¥9,171,500 (price ¥8,500,000 + purchase costs ¥671,500)
  • Management fee and repair reserve: ¥180,000 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

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.)
¥671,500
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥346,500
Real Estate Acquisition Tax (est., rate varies by property type)¥150,000
Registration License Tax (title transfer)¥70,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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

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