Overview of Ue Nagatani Rejidensu (上永谷レジデンス)
Ue Nagatani Rejidensu (上永谷レジデンス) is a 43-year-old condominium located at Yokohamashi Kounanku Nobachou 81-49 (横浜市港南区野庭町81-49), Kanagawa, Japan. Built in 1983, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,100〜2,280万円 (approx. $73,333–$152,000 USD at ¥150/$).
Unit sizes range from 53.5–61.1 sqm (576–658 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.4万/sqm (approx. $1,896/sqm or $176/sqft).
Location & Neighborhood
The property is located at Yokohamashi Kounanku Nobachou 81-49 (横浜市港南区野庭町81-49), Kanagawa, 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 43 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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