Method of Real Estate Assessment

Today, we were contacted by a tax accountant and asked to tell him the approximate price of the land, so we will explain the method of simple price assessment. A field survey is indispensable for accurate price calculation, and it is calculated using public maps and geological survey maps. The shape of the land, the price correction by the depth of land shape, the condition of the adjacent building and the width of the roadway are also important indicators. This time, we will use the transaction case comparison method to output the assessment results.

As a way of calculating a simple price, we will first refer to nearby sales examples.  The information is based on general portal sites, REINS, current sales and past sales results. No two properties are the same, even though they are examples of neighbourhoods, so check each similar and different point and think about how it affected the original price and how it affects the property to be appraised.  For example, if the property is located in Shimogyo ward, the target reference properties are limited to the same area. Set the same station as the nearest station and extract several to dozens of properties that are similar to the estimated price in advance. We then investigate the shape of the land, the access road, the shape, the proximity to the station and the characteristics of the area.

This time, we have sent detailed links to each property along with the information below.
Reference information
336-5 Land, Tenjinmaecho (corner lot) 156,000,000 yen (tsubo unit price 3.760 million yen)
Taigoyama-cho land 59.8 million yen (tsubo unit price 3.207 million yen)
Tourocho land 79 million yen (tsubo unit price 4.558 million yen)
Takatsuji, Nishinotoin-cho, Land 161 million yen (tsubo unit price 2.987 million yen)
Takatsuji Nishinotoin Land 174 million yen (tsubo unit price 3.004 million yen)

Details of the actual property to be assessed are omitted, but the price was set at 4 million yen based on the width of the frontage, the shape of the land, and the ratio of frontage to depth.
Since this is a simple desk assessment, the tax accountant will calculate the tax amount, cash flow, etc. referring to the above.
Once we receive a formal assessment request, we will tell you how to calculate the details next time.