Overview of Sanpaakumanshon Chiyoda (サンパークマンション千代田)
Sanpaakumanshon Chiyoda (サンパークマンション千代田) is a 45-year-old condominium located at Chiyodaku Iidabashi 2 Choume 9-4 (千代田区飯田橋2丁目9-4), Tokyo, Japan. Built in 1981, it comprises 53 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tobishima Kensetsu , Tada Kensetsu (飛島建設、 多田建設).
Pricing & Floor Plans
Based on 59 past listings, prices have ranged from 1,310〜11,500万円 (approx. $87,333–$766,667 USD at ¥150/$).
Unit sizes range from 29.8–113.4 sqm (321–1221 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 1SK (1-bedroom w/ kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥115.5万/sqm (approx. $7,703/sqm or $716/sqft).
Location & Neighborhood
The property is located at Chiyodaku Iidabashi 2 Choume 9-4 (千代田区飯田橋2丁目9-4), Tokyo, Japan. It is a 4-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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