Overview of Raionzumanshon Isesaki (ライオンズマンション伊勢崎)
Raionzumanshon Isesaki (ライオンズマンション伊勢崎) is a 35-year-old condominium located at Isesaki Shi Wakaba Machi 18-10 (伊勢崎市若葉町18-10), Gunma, Japan. Built in 1991, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Shouei Kensetsu (松栄建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 238〜580万円 (approx. $15,867–$38,667 USD at ¥150/$).
Unit sizes range from 47.7–50.8 sqm (513–547 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥6.3万/sqm (approx. $423/sqm or $39/sqft).
Location & Neighborhood
The property is located at Isesaki Shi Wakaba Machi 18-10 (伊勢崎市若葉町18-10), Gunma, Japan. It is a 15-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 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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