Overview of Gakuen Dai Haitsu Narashino (学園台ハイツならしの)
Gakuen Dai Haitsu Narashino (学園台ハイツならしの) is a 52-year-old condominium located at Narashinoshi Ookubo 3 Choume 2-12 (習志野市大久保3丁目2-12), Chiba, Japan. Built in 1974, it comprises 37 units in a Reinforced Concrete (RC) structure. It was constructed by Chizaki Kougyou (地崎工業).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 280〜780万円 (approx. $18,667–$52,000 USD at ¥150/$).
Unit sizes range from 35.7–44.2 sqm (384–476 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥10.9万/sqm (approx. $730/sqm or $68/sqft).
Location & Neighborhood
The property is located at Narashinoshi Ookubo 3 Choume 2-12 (習志野市大久保3丁目2-12), Chiba, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1974, 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 52 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.
Analyze this property's fair price and negotiation room for free at RE:public.