Overview of Raionzumanshon Warabi Daisan (ライオンズマンション蕨第３)
Raionzumanshon Warabi Daisan (ライオンズマンション蕨第３) is a 31-year-old condominium located at Warabi Shi Nishikichou 2 Choume 2-8 (蕨市錦町2丁目2-8), Saitama, Japan. Built in 1995, it comprises 46 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 1,550〜3,480万円 (approx. $103,333–$232,000 USD at ¥150/$).
Unit sizes range from 55.6–68.0 sqm (598–732 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), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.0万/sqm (approx. $3,334/sqm or $310/sqft).
Location & Neighborhood
The property is located at Warabi Shi Nishikichou 2 Choume 2-8 (蕨市錦町2丁目2-8), Saitama, Japan. It is a 14-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 31 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.
Analyze this property's fair price and negotiation room for free at RE:public.