Overview of Kuiinshitei Odawara (クィーンシティ小田原)
Kuiinshitei Odawara (クィーンシティ小田原) is a 23-year-old condominium located at Odawara Shi Hamachou 4 Choume 1-4 (小田原市浜町4丁目1-4), Kanagawa, Japan. Built in 2003, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiboku Kensetsu (大木建設).
Pricing & Floor Plans
Based on 47 past listings, prices have ranged from 1,250〜8,000万円 (approx. $83,333–$533,333 USD at ¥150/$).
Unit sizes range from 61.1–150.3 sqm (658–1618 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), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥51.4万/sqm (approx. $3,425/sqm or $318/sqft).
Location & Neighborhood
The property is located at Odawara Shi Hamachou 4 Choume 1-4 (小田原市浜町4丁目1-4), Kanagawa, 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 23 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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