Overview of Gaadensutoriimu Kounosu 5 Ban Kan (ガーデンストリーム鴻巣５番館)
Gaadensutoriimu Kounosu 5 Ban Kan (ガーデンストリーム鴻巣５番館) is a 27-year-old condominium located at Kounosu Shi Higashi 4 Choume 2-35 (鴻巣市東4丁目2-35), Saitama, Japan. Built in 1999, it comprises 78 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥24.4万/sqm (approx. $1,623/sqm or $151/sqft).
Location & Neighborhood
The property is located at Kounosu Shi Higashi 4 Choume 2-35 (鴻巣市東4丁目2-35), Saitama, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 78 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.