Overview of Shitei Noukendai (シティ能見台)
Shitei Noukendai (シティ能見台) is a 28-year-old condominium located at Yokohamashikanazawaku Noukendai 3 Choume 51 , 4 Choume 1 , 4 (横浜市金沢区能見台3丁目51、4丁目1、4), Kanagawa, Japan. Built in 1998, it comprises 478 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oobayashi Kumi , Kumagaigumi (大林組、 熊谷組).
Pricing & Floor Plans
Based on 581 past listings, prices have ranged from 1,590〜4,799万円 (approx. $106,000–$319,933 USD at ¥150/$).
Unit sizes range from 65.9–118.4 sqm (709–1274 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥41.6万/sqm (approx. $2,776/sqm or $258/sqft).
Location & Neighborhood
The property is located at Yokohamashikanazawaku Noukendai 3 Choume 51 , 4 Choume 1 , 4 (横浜市金沢区能見台3丁目51、4丁目1、4), Kanagawa, Japan. It is a 21-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 478 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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