Overview of Sanroodo Mitsuishi Dai (サンロード三石台)
Sanroodo Mitsuishi Dai (サンロード三石台) is a 34-year-old condominium located at Hashimoto Ichizou Ishi Dai 1 Choume 5-2 (橋本市三石台1丁目5-2), Wakayama, Japan. Built in 1992, it comprises 64 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥8.9万/sqm (approx. $591/sqm or $55/sqft).
Location & Neighborhood
The property is located at Hashimoto Ichizou Ishi Dai 1 Choume 5-2 (橋本市三石台1丁目5-2), Wakayama, 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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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