Overview of Raionzumanshon Hachiouji Dai 3 (ライオンズマンション八王子第3)
Raionzumanshon Hachiouji Dai 3 (ライオンズマンション八王子第3) is a 34-year-old condominium located at Hachioujishi Kitano Machi 511-33 (八王子市北野町511-33), Tokyo, Japan. Built in 1992, it comprises 43 units in a Reinforced Concrete (RC) structure. It was constructed by Tanaka Kensetsu (田中建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥21.9万/sqm (approx. $1,459/sqm or $136/sqft).
Location & Neighborhood
The property is located at Hachioujishi Kitano Machi 511-33 (八王子市北野町511-33), Tokyo, Japan. It is a 14-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 34 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.
Analyze this property's fair price and negotiation room for free at RE:public.