Overview of Uisutariamanshon Daini Oominami (ウィスタリアマンション第２大南)
Uisutariamanshon Daini Oominami (ウィスタリアマンション第２大南) is a 45-year-old condominium located at Musashimurayama Shidai Minami 4 Choume 15-11 (武蔵村山市大南4丁目15-11), Tokyo, Japan. Built in 1981, it comprises 25 units in a Reinforced Concrete (RC) structure. It was constructed by Shinzou Doken (新蔵土建).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 690〜1,350万円 (approx. $46,000–$90,000 USD at ¥150/$).
Unit sizes range from 39.6–51.5 sqm (426–554 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: ¥18.3万/sqm (approx. $1,223/sqm or $114/sqft).
Location & Neighborhood
The property is located at Musashimurayama Shidai Minami 4 Choume 15-11 (武蔵村山市大南4丁目15-11), Tokyo, Japan. It is a 14-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 45 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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