Overview of Raionzumanshon Ebina Kokubun (ライオンズマンション海老名国分)
Raionzumanshon Ebina Kokubun (ライオンズマンション海老名国分) is a 32-year-old condominium located at Ebinashi Kokubun Minami 3 Choume 17-5 (海老名市国分南3丁目17-5), Kanagawa, Japan. Built in 1994, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Omata Kumi (小俣組).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 980〜1,980万円 (approx. $65,333–$132,000 USD at ¥150/$).
Unit sizes range from 54.4–60.8 sqm (586–654 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.4万/sqm (approx. $1,963/sqm or $182/sqft).
Location & Neighborhood
The property is located at Ebinashi Kokubun Minami 3 Choume 17-5 (海老名市国分南3丁目17-5), Kanagawa, Japan. It is a 15-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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