Overview of Reerushitei Juujou Shimizu Saka Kouen (レールシティ十条清水坂公園)
Reerushitei Juujou Shimizu Saka Kouen (レールシティ十条清水坂公園) is a 31-year-old condominium located at Kitaku Juujou Nakahara 4 Choume 1-1 (北区十条仲原4丁目1-1), Tokyo, Japan. Built in 1995, it comprises 102 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 2,580〜7,980万円 (approx. $172,000–$532,000 USD at ¥150/$).
Unit sizes range from 61.6–87.5 sqm (663–942 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥93.7万/sqm (approx. $6,245/sqm or $580/sqft).
Location & Neighborhood
The property is located at Kitaku Juujou Nakahara 4 Choume 1-1 (北区十条仲原4丁目1-1), Tokyo, Japan. It is a 9-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 102 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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