Overview of Gurandohaitsu Sannou (グランドハイツ山王)
Gurandohaitsu Sannou (グランドハイツ山王) is a 39-year-old condominium located at Naganoshi Minami Nagano Minami Ishidou Machi 1221-8 (長野市南長野南石堂町1221-8), Nagano, Japan. Built in 1987, it comprises 84 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 590〜1,950万円 (approx. $39,333–$130,000 USD at ¥150/$).
Unit sizes range from 31.2–80.8 sqm (336–870 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Naganoshi Minami Nagano Minami Ishidou Machi 1221-8 (長野市南長野南石堂町1221-8), Nagano, Japan. It is a 9-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 84 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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