Overview of Kosumozapaakusu Urawa (コスモザパークス浦和)
Kosumozapaakusu Urawa (コスモザパークス浦和) is a 26-year-old condominium located at Saitama Shi Midoriku Harayama 1 Choume 22-2 (さいたま市緑区原山1丁目22-2), Saitama, Japan. Built in 2000, it comprises 132 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 59 past listings, prices have ranged from 2,150〜5,480万円 (approx. $143,333–$365,333 USD at ¥150/$).
Unit sizes range from 76.8–119.9 sqm (827–1291 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), 5SLDK (5-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥49.2万/sqm (approx. $3,280/sqm or $305/sqft).
Location & Neighborhood
The property is located at Saitama Shi Midoriku Harayama 1 Choume 22-2 (さいたま市緑区原山1丁目22-2), Saitama, Japan. It is a 24-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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 132 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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