Overview of Raionzumanshon Higashimatsuyama Shimonuma Kouen (ライオンズマンション東松山下沼公園)
Raionzumanshon Higashimatsuyama Shimonuma Kouen (ライオンズマンション東松山下沼公園) is a 35-year-old condominium located at Higashimatsuyama Shi Honchou 2 Choume 10-40 (東松山市本町2丁目10-40), Saitama, Japan. Built in 1991, it comprises 28 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 400〜1,480万円 (approx. $26,667–$98,667 USD at ¥150/$).
Unit sizes range from 31.0–59.7 sqm (334–643 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥13.2万/sqm (approx. $879/sqm or $82/sqft).
Location & Neighborhood
The property is located at Higashimatsuyama Shi Honchou 2 Choume 10-40 (東松山市本町2丁目10-40), Saitama, Japan. It is a 6-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 35 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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