Overview of Raionzumanshon Itabashi Daisan (ライオンズマンション板橋第３)
Raionzumanshon Itabashi Daisan (ライオンズマンション板橋第３) is a 37-year-old condominium located at Itabashiku Itabashi 3 Choume 32-4 (板橋区板橋3丁目32-4), Tokyo, Japan. Built in 1989, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Kiuchi Kensetsu (木内建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 850〜4,298万円 (approx. $56,667–$286,533 USD at ¥150/$).
Unit sizes range from 28.5–70.2 sqm (307–756 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Itabashiku Itabashi 3 Choume 32-4 (板橋区板橋3丁目32-4), Tokyo, 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 37 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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