Overview of Raionzumanshon Asaka Honchou (ライオンズマンション朝霞本町)
Raionzumanshon Asaka Honchou (ライオンズマンション朝霞本町) is a 32-year-old condominium located at Asaka Shi Honchou 1 Choume 35-16 (朝霞市本町1丁目35-16), Saitama, Japan. Built in 1994, it comprises 57 units in a Reinforced Concrete (RC) structure. It was constructed by Kitano Kensetsu (北野建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,780〜4,499万円 (approx. $118,667–$299,933 USD at ¥150/$).
Unit sizes range from 55.8–71.0 sqm (601–764 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥54.2万/sqm (approx. $3,614/sqm or $336/sqft).
Location & Neighborhood
The property is located at Asaka Shi Honchou 1 Choume 35-16 (朝霞市本町1丁目35-16), Saitama, Japan. It is a 10-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 57 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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