Overview of Esubaierumanshon Koshigaya (エスバイエルマンション越谷)
Esubaierumanshon Koshigaya (エスバイエルマンション越谷) is a 31-year-old condominium located at Koshigaya Shi Akayama Machi 1 Choume 301-1 (越谷市赤山町1丁目301-1), Saitama, Japan. Built in 1995, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Esu・bai・eru Akinari Kensetsu (エス・バイ・エル明成建設).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 1,480〜2,900万円 (approx. $98,667–$193,333 USD at ¥150/$).
Unit sizes range from 53.6–67.0 sqm (577–721 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), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.3万/sqm (approx. $3,087/sqm or $287/sqft).
Location & Neighborhood
The property is located at Koshigaya Shi Akayama Machi 1 Choume 301-1 (越谷市赤山町1丁目301-1), Saitama, Japan. It is a 7-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 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.
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