Overview of Raionzumanshon Shin Seto (ライオンズマンション新瀬戸)
Raionzumanshon Shin Seto (ライオンズマンション新瀬戸) is a 46-year-old condominium located at Seto Shi Nishimatsu Yamachou 4 Choume 1 (瀬戸市西松山町4丁目1), Aichi, Japan. Built in 1980, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Dai A Kensetsu , Asanuma Kumi (大亜建設、 淺沼組).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 300〜1,090万円 (approx. $20,000–$72,667 USD at ¥150/$).
Unit sizes range from 75.0–91.2 sqm (807–982 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), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥6.3万/sqm (approx. $419/sqm or $39/sqft).
Location & Neighborhood
The property is located at Seto Shi Nishimatsu Yamachou 4 Choume 1 (瀬戸市西松山町4丁目1), Aichi, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1980, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 46 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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