Overview of Eru・pateio (エル・パティオ)
Eru・pateio (エル・パティオ) is a 27-year-old condominium located at Yokohamashiasahiku Naka Shirone 4 Choume 1-2 (横浜市旭区中白根4丁目1-2), Kanagawa, Japan. Built in 1999, it comprises 239 units in a Reinforced Concrete (RC) structure. It was constructed by Soutetsu Kensetsu , Hase Kou Kooporeeshon (相鉄建設、 長谷工コーポレーション).
Pricing & Floor Plans
Based on 98 past listings, prices have ranged from 1,480〜3,380万円 (approx. $98,667–$225,333 USD at ¥150/$).
Unit sizes range from 65.9–93.8 sqm (709–1010 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.5万/sqm (approx. $2,834/sqm or $263/sqft).
Location & Neighborhood
The property is located at Yokohamashiasahiku Naka Shirone 4 Choume 1-2 (横浜市旭区中白根4丁目1-2), Kanagawa, Japan. It is a 30-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 239 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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