Overview of Touwa Ribaasaido Noda (東和リバーサイド野田)
Touwa Ribaasaido Noda (東和リバーサイド野田) is a 32-year-old condominium located at Nodashi Yamazaki 2637-1 (野田市山崎2637-1), Chiba, Japan. Built in 1994, it comprises 94 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 680〜2,190万円 (approx. $45,333–$146,000 USD at ¥150/$).
Unit sizes range from 64.3–91.2 sqm (692–982 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.9万/sqm (approx. $1,325/sqm or $123/sqft).
Location & Neighborhood
The property is located at Nodashi Yamazaki 2637-1 (野田市山崎2637-1), Chiba, 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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 94 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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