Overview of Raionzumanshon Mihagino (ライオンズマンション三萩野)
Raionzumanshon Mihagino (ライオンズマンション三萩野) is a 34-year-old condominium located at Kitakyuushuushi Kokurakita Ku Yoshinochou 5-30 (北九州市小倉北区吉野町5-30), Fukuoka, Japan. Built in 1992, it comprises 41 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 540〜2,190万円 (approx. $36,000–$146,000 USD at ¥150/$).
Unit sizes range from 36.1–79.8 sqm (389–859 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1DK (1-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokurakita Ku Yoshinochou 5-30 (北九州市小倉北区吉野町5-30), Fukuoka, Japan. It is a 7-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 34 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.
Analyze this property's fair price and negotiation room for free at RE:public.