Overview of Sangureesu Hashimoto (サングレース橋本)
Sangureesu Hashimoto (サングレース橋本) is a 35-year-old condominium located at Hashimoto Shi Kanno (kurikaesi) 441 (橋本市神野々441), Wakayama, Japan. Built in 1991, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Morimoto Kumi (森本組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 150〜580万円 (approx. $10,000–$38,667 USD at ¥150/$).
Unit sizes range from 62.5–74.7 sqm (673–804 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥5.2万/sqm (approx. $350/sqm or $33/sqft).
Location & Neighborhood
The property is located at Hashimoto Shi Kanno (kurikaesi) 441 (橋本市神野々441), Wakayama, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 35 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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