Overview of Gureedo 1 Zushi (グレード1逗子)
Gureedo 1 Zushi (グレード1逗子) is a 36-year-old condominium located at Zushi Ichiyama No Ne 1 Choume 2-1 (逗子市山の根1丁目2-1), Kanagawa, Japan. Built in 1990, it comprises 4 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥58.6万/sqm (approx. $3,907/sqm or $363/sqft).
Location & Neighborhood
The property is located at Zushi Ichiyama No Ne 1 Choume 2-1 (逗子市山の根1丁目2-1), Kanagawa, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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