Overview of Setagaya Ainsu Utsukushi No Mori (世田谷アインス美しの杜)
Setagaya Ainsu Utsukushi No Mori (世田谷アインス美しの杜) is a 23-year-old condominium located at Setagayaku Funabashi 3 Choume 21-1 (世田谷区船橋3丁目21-1), Tokyo, Japan. Built in 2003, it comprises 198 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu , Sanpei Kensetsu (東急建設、 三平建設).
Pricing & Floor Plans
Based on 144 past listings, prices have ranged from 4,250〜11,300万円 (approx. $283,333–$753,333 USD at ¥150/$).
Unit sizes range from 70.6–114.1 sqm (760–1228 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥119.4万/sqm (approx. $7,961/sqm or $740/sqft).
Location & Neighborhood
The property is located at Setagayaku Funabashi 3 Choume 21-1 (世田谷区船橋3丁目21-1), Tokyo, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 198 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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