Overview of Guriin Nanzan (グリーン南山)
Guriin Nanzan (グリーン南山) is a 45-year-old condominium located at Shirai Shi Nanzan 1 Choume 3-1 ~ 11 (白井市南山1丁目3-1〜11), Chiba, Japan. Built in 1981, it comprises 178 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 72 past listings, prices have ranged from 450〜1,980万円 (approx. $30,000–$132,000 USD at ¥150/$).
Unit sizes range from 89.0–115.3 sqm (958–1241 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 5DK (5-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.2万/sqm (approx. $1,011/sqm or $94/sqft).
Location & Neighborhood
The property is located at Shirai Shi Nanzan 1 Choume 3-1 ~ 11 (白井市南山1丁目3-1〜11), Chiba, Japan. It is a 5-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 178 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.
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