Overview of Rumine Kawasaki Shimonamiki (ルミネ川崎下並木)
Rumine Kawasaki Shimonamiki (ルミネ川崎下並木) is a 41-year-old condominium located at Kawasakishi Kawasakiku Shimonamiki 6-1 (川崎市川崎区下並木6-1), Kanagawa, Japan. Built in 1985, it comprises 42 units in a Reinforced Concrete (RC) structure. It was constructed by Toure Kensetsu (東レ建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,980〜4,190万円 (approx. $132,000–$279,333 USD at ¥150/$).
Unit sizes range from 50.8–65.6 sqm (547–706 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥61.4万/sqm (approx. $4,090/sqm or $380/sqft).
Location & Neighborhood
The property is located at Kawasakishi Kawasakiku Shimonamiki 6-1 (川崎市川崎区下並木6-1), Kanagawa, Japan. It is a 3-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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