Overview of Nisshin Paresuteeji Tsuruse (日神パレステージ鶴瀬)
Nisshin Paresuteeji Tsuruse (日神パレステージ鶴瀬) is a 25-year-old condominium located at Fujimi Shi Sekizawa 2 Choume 25-25 (富士見市関沢2丁目25-25), Saitama, Japan. Built in 2001, it comprises 80 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi , Nisshin Kensetsu (間組、 日神建設).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,450〜3,000万円 (approx. $96,667–$200,000 USD at ¥150/$).
Unit sizes range from 57.5–78.3 sqm (619–843 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: ¥38.5万/sqm (approx. $2,565/sqm or $238/sqft).
Location & Neighborhood
The property is located at Fujimi Shi Sekizawa 2 Choume 25-25 (富士見市関沢2丁目25-25), Saitama, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 80 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.
Analyze this property's fair price and negotiation room for free at RE:public.