Overview of Monaakumanshon Musashishinjou Dai 1 (モナークマンション武蔵新城第1)
Monaakumanshon Musashishinjou Dai 1 (モナークマンション武蔵新城第1) is a 38-year-old condominium located at Kawasakishi Takatsuku Shibokuchi 402-2 (川崎市高津区子母口402-2), Kanagawa, Japan. Built in 1988, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Ken Kougyou (富士建工業).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 470〜880万円 (approx. $31,333–$58,667 USD at ¥150/$).
Unit sizes range from 14.4–16.0 sqm (155–172 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥40.2万/sqm (approx. $2,679/sqm or $249/sqft).
Location & Neighborhood
The property is located at Kawasakishi Takatsuku Shibokuchi 402-2 (川崎市高津区子母口402-2), 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 38 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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