Overview of Guriinpaaku Dai 8 Ayase (グリーンパーク第8綾瀬)
Guriinpaaku Dai 8 Ayase (グリーンパーク第8綾瀬) is a 43-year-old condominium located at Adachiku Yanaka 1 Choume 22-5 (足立区谷中1丁目22-5), Tokyo, Japan. Built in 1983, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Daimei Kensetsu (大明建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,120〜3,390万円 (approx. $74,667–$226,000 USD at ¥150/$).
Unit sizes range from 47.9–61.8 sqm (516–665 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥50.3万/sqm (approx. $3,351/sqm or $311/sqft).
Location & Neighborhood
The property is located at Adachiku Yanaka 1 Choume 22-5 (足立区谷中1丁目22-5), Tokyo, Japan. It is a 8-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 43 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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