Overview of Raionzumanshon Higashi Sumida (ライオンズマンション東墨田)
Raionzumanshon Higashi Sumida (ライオンズマンション東墨田) is a 37-year-old condominium located at Sumidaku Higashi Sumida 2 Choume 27-8 (墨田区東墨田2丁目27-8), Tokyo, Japan. Built in 1989, it comprises 78 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsutomo Koumuten (三友工務店).
Pricing & Floor Plans
Based on 53 past listings, prices have ranged from 600〜1,980万円 (approx. $40,000–$132,000 USD at ¥150/$).
Unit sizes range from 18.7–37.4 sqm (201–403 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥64.3万/sqm (approx. $4,288/sqm or $398/sqft).
Location & Neighborhood
The property is located at Sumidaku Higashi Sumida 2 Choume 27-8 (墨田区東墨田2丁目27-8), 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 78 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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