Overview of Raionzumanshon Kodaira Minami (ライオンズマンション小平南)
Raionzumanshon Kodaira Minami (ライオンズマンション小平南) is a 32-year-old condominium located at Kodairashi Suzukichou 1 Choume 88-1 (小平市鈴木町1丁目88-1), Tokyo, Japan. Built in 1994, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (錢高組).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,498〜2,499万円 (approx. $99,867–$166,600 USD at ¥150/$).
Unit sizes range from 48.7–63.0 sqm (524–678 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 2SK (2-bedroom w/ kitchen + service room), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room).
Estimated price per sqm: ¥48.5万/sqm (approx. $3,235/sqm or $301/sqft).
Location & Neighborhood
The property is located at Kodairashi Suzukichou 1 Choume 88-1 (小平市鈴木町1丁目88-1), Tokyo, Japan. It is a 18-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 32 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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