Overview of Raionzumanshon Oobu (ライオンズマンション大府)
Raionzumanshon Oobu (ライオンズマンション大府) is a 31-year-old condominium located at Oobu Shi Wakakusa Machi 3 Choume 12 (大府市若草町3丁目12), Aichi, Japan. Built in 1995, it comprises 53 units in a Reinforced Concrete (RC) structure. It was constructed by Muranaka Kensetsu (村中建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,680〜2,880万円 (approx. $112,000–$192,000 USD at ¥150/$).
Unit sizes range from 67.0–93.8 sqm (721–1010 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.3万/sqm (approx. $2,017/sqm or $187/sqft).
Location & Neighborhood
The property is located at Oobu Shi Wakakusa Machi 3 Choume 12 (大府市若草町3丁目12), Aichi, 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 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.
Analyze this property's fair price and negotiation room for free at RE:public.