Overview of Rejiendo Shounanfujisawa (レジェンド湘南藤沢)
Rejiendo Shounanfujisawa (レジェンド湘南藤沢) is a 24-year-old condominium located at Fujisawashi Fujisawa 1092-3 (藤沢市藤沢1092-3), Kanagawa, Japan. Built in 2002, it comprises 31 units in a Reinforced Concrete (RC) structure. It was constructed by Ogawa Kensetsu (小川建設).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 2,480〜4,490万円 (approx. $165,333–$299,333 USD at ¥150/$).
Unit sizes range from 61.0–74.1 sqm (657–798 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥62.9万/sqm (approx. $4,191/sqm or $389/sqft).
Location & Neighborhood
The property is located at Fujisawashi Fujisawa 1092-3 (藤沢市藤沢1092-3), Kanagawa, 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 24 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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