Overview of Guriinpaaku Kazo (グリーンパーク加須)
Guriinpaaku Kazo (グリーンパーク加須) is a 34-year-old condominium located at Kazo Shi Dote 1 Choume 12-3 (加須市土手1丁目12-3), Saitama, Japan. Built in 1992, it comprises 80 units in a 鉄骨造 structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 318〜998万円 (approx. $21,200–$66,533 USD at ¥150/$).
Unit sizes range from 42.0–58.3 sqm (452–628 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥11.3万/sqm (approx. $755/sqm or $70/sqft).
Location & Neighborhood
The property is located at Kazo Shi Dote 1 Choume 12-3 (加須市土手1丁目12-3), 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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 80 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.
Analyze this property's fair price and negotiation room for free at RE:public.