Overview of Raionzumanshon Izumi No (ライオンズマンション和泉野)
Raionzumanshon Izumi No (ライオンズマンション和泉野) is a 42-year-old condominium located at Yokohamashi Izumiku Izumi Chuuou Kita 4 Choume 32-1 (横浜市泉区和泉中央北4丁目32-1), Kanagawa, Japan. Built in 1984, it comprises 54 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 930〜2,799万円 (approx. $62,000–$186,600 USD at ¥150/$).
Unit sizes range from 38.5–61.4 sqm (414–661 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.0万/sqm (approx. $2,467/sqm or $229/sqft).
Location & Neighborhood
The property is located at Yokohamashi Izumiku Izumi Chuuou Kita 4 Choume 32-1 (横浜市泉区和泉中央北4丁目32-1), Kanagawa, 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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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