Overview of Sezaaru Tateishi (セザール立石)
Sezaaru Tateishi (セザール立石) is a 38-year-old condominium located at Katsushikaku Tateishi 7 Choume 30-8 (葛飾区立石7丁目30-8), Tokyo, Japan. Built in 1988, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Touyou Kensetsu (東洋建設).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 630〜2,480万円 (approx. $42,000–$165,333 USD at ¥150/$).
Unit sizes range from 18.5–48.4 sqm (199–521 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3K (3-bedroom w/ kitchen).
Estimated price per sqm: ¥48.2万/sqm (approx. $3,212/sqm or $298/sqft).
Location & Neighborhood
The property is located at Katsushikaku Tateishi 7 Choume 30-8 (葛飾区立石7丁目30-8), Tokyo, Japan. It is a 6-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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