Overview of Rune Warabi 1 Goukan (ルネ蕨１号館)
Rune Warabi 1 Goukan (ルネ蕨１号館) is a 40-year-old condominium located at Warabi Shichuu Ou 1 Choume 17-30 (蕨市中央1丁目17-30), Saitama, Japan. Built in 1986, it comprises 192 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 65 past listings, prices have ranged from 1,980〜4,380万円 (approx. $132,000–$292,000 USD at ¥150/$).
Unit sizes range from 57.3–87.4 sqm (617–941 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥59.5万/sqm (approx. $3,965/sqm or $368/sqft).
Location & Neighborhood
The property is located at Warabi Shichuu Ou 1 Choume 17-30 (蕨市中央1丁目17-30), Saitama, 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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 192 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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