Overview of Rune Ichikawa Nakayama (ルネ市川中山)
Rune Ichikawa Nakayama (ルネ市川中山) is a 43-year-old condominium located at Ichikawashi Onitaka 3 Choume 13-6 (市川市鬼高3丁目13-6), Chiba, Japan. Built in 1983, it comprises 88 units in a Reinforced Concrete (RC) structure. It was constructed by Nisshin Kensetsu (日新建設).
Pricing & Floor Plans
Based on 69 past listings, prices have ranged from 1,130〜6,380万円 (approx. $75,333–$425,333 USD at ¥150/$).
Unit sizes range from 54.2–126.0 sqm (583–1356 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥52.7万/sqm (approx. $3,515/sqm or $327/sqft).
Location & Neighborhood
The property is located at Ichikawashi Onitaka 3 Choume 13-6 (市川市鬼高3丁目13-6), Chiba, Japan. It is a 8-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 88 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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