Overview of Gurandomezon Hata Ke Tani (グランドメゾン幡ケ谷)
Gurandomezon Hata Ke Tani (グランドメゾン幡ケ谷) is a 39-year-old condominium located at Shibuyaku Hatagaya 3 Choume 20-2 (渋谷区幡ヶ谷3丁目20-2), Tokyo, Japan. Built in 1987, it comprises 73 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 2,750〜9,980万円 (approx. $183,333–$665,333 USD at ¥150/$).
Unit sizes range from 48.6–65.3 sqm (523–703 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), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥135.8万/sqm (approx. $9,054/sqm or $841/sqft).
Location & Neighborhood
The property is located at Shibuyaku Hatagaya 3 Choume 20-2 (渋谷区幡ヶ谷3丁目20-2), Tokyo, 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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 73 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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