Overview of Ootamu Setagaya (オータム世田谷)
Ootamu Setagaya (オータム世田谷) is a 44-year-old condominium located at Setagayaku Setagaya 4 Choume 7-3 (世田谷区世田谷4丁目7-3), Tokyo, Japan. Built in 1982, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 1,135〜4,699万円 (approx. $75,667–$313,267 USD at ¥150/$).
Unit sizes range from 26.1–50.1 sqm (281–539 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥86.0万/sqm (approx. $5,737/sqm or $533/sqft).
Location & Neighborhood
The property is located at Setagayaku Setagaya 4 Choume 7-3 (世田谷区世田谷4丁目7-3), Tokyo, 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 44 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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