Overview of Gurantsu Kawabe 3 Shitei & Rizooto (グランツ河辺３シティ＆リゾート)
Gurantsu Kawabe 3 Shitei & Rizooto (グランツ河辺３シティ＆リゾート) is a 26-year-old condominium located at Oumeshi Kawabe Machi 1 Choume 802-5 (青梅市河辺町1丁目802-5), Tokyo, Japan. Built in 2000, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Go Hikari Kensetsu (五光建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 1,000〜2,500万円 (approx. $66,667–$166,667 USD at ¥150/$).
Unit sizes range from 55.6–81.2 sqm (598–874 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.0万/sqm (approx. $1,665/sqm or $155/sqft).
Location & Neighborhood
The property is located at Oumeshi Kawabe Machi 1 Choume 802-5 (青梅市河辺町1丁目802-5), Tokyo, Japan. It is a 13-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.
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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