Overview of Doragonmanshon Machida Ichiban Kan (ドラゴンマンション町田壱番館)
Doragonmanshon Machida Ichiban Kan (ドラゴンマンション町田壱番館) is a 29-year-old condominium located at Machidashi Morino 3 Choume 16-15 (町田市森野3丁目16-15), Tokyo, Japan. Built in 1997, it comprises 53 units in a Reinforced Concrete (RC) structure. It was constructed by Kubota Kensetsu (クボタ建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 2,250〜3,980万円 (approx. $150,000–$265,333 USD at ¥150/$).
Unit sizes range from 60.0–63.1 sqm (646–679 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥52.6万/sqm (approx. $3,507/sqm or $326/sqft).
Location & Neighborhood
The property is located at Machidashi Morino 3 Choume 16-15 (町田市森野3丁目16-15), Tokyo, 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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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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