Overview of Kuresuto Narashino (クレスト習志野)
Kuresuto Narashino (クレスト習志野) is a 41-year-old condominium located at Narashinoshi Ookubo 1 Choume 29-21 (習志野市大久保1丁目29-21), Chiba, Japan. Built in 1985, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Tobishima Kensetsu (飛島建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 950〜2,790万円 (approx. $63,333–$186,000 USD at ¥150/$).
Unit sizes range from 43.6–70.6 sqm (469–760 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥36.1万/sqm (approx. $2,410/sqm or $224/sqft).
Location & Neighborhood
The property is located at Narashinoshi Ookubo 1 Choume 29-21 (習志野市大久保1丁目29-21), Chiba, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 41 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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