Overview of Ekuseru Ichikawa (エクセル市川)
Ekuseru Ichikawa (エクセル市川) is a 33-year-old condominium located at Ichikawashi Toukoku Fun 2 Choume 1-36 (市川市東国分2丁目1-36), Chiba, Japan. Built in 1993, it comprises 122 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 1,380〜3,480万円 (approx. $92,000–$232,000 USD at ¥150/$).
Unit sizes range from 47.1–92.8 sqm (507–999 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1SSLDK (1-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.4万/sqm (approx. $2,225/sqm or $207/sqft).
Location & Neighborhood
The property is located at Ichikawashi Toukoku Fun 2 Choume 1-36 (市川市東国分2丁目1-36), Chiba, Japan. It is a 29-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 122 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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