Overview of Ido Ke Tani Manshon (井土ヶ谷マンション)
Ido Ke Tani Manshon (井土ヶ谷マンション) is a 38-year-old condominium located at Yokohamashi Minamiku Ido Ke Yanaka Machi 13 (横浜市南区井土ケ谷中町13), Kanagawa, Japan. Built in 1988, it comprises 24 units in a 鉄骨造 structure. It was constructed by Nagumo Kensetsu (南雲建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 480〜1,580万円 (approx. $32,000–$105,333 USD at ¥150/$).
Unit sizes range from 21.3–40.4 sqm (229–435 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 2K (2-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥33.7万/sqm (approx. $2,248/sqm or $209/sqft).
Location & Neighborhood
The property is located at Yokohamashi Minamiku Ido Ke Yanaka Machi 13 (横浜市南区井土ケ谷中町13), Kanagawa, Japan. It is a 6-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 38 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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