Overview of Kosumo Kanemachi Gurankooto (コスモ金町グランコート)
Kosumo Kanemachi Gurankooto (コスモ金町グランコート) is a 35-year-old condominium located at Katsushikaku Kanemachi 3 Choume 47-1 (葛飾区金町3丁目47-1), Tokyo, Japan. Built in 1991, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,280〜3,480万円 (approx. $85,333–$232,000 USD at ¥150/$).
Unit sizes range from 41.0–52.8 sqm (441–568 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥58.6万/sqm (approx. $3,909/sqm or $363/sqft).
Location & Neighborhood
The property is located at Katsushikaku Kanemachi 3 Choume 47-1 (葛飾区金町3丁目47-1), 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 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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