Overview of Tsurumi Kishitani Haitsu (鶴見岸谷ハイツ)
Tsurumi Kishitani Haitsu (鶴見岸谷ハイツ) is a 47-year-old condominium located at Yokohamashitsurumiku Kishitani 4 Choume 25-25 (横浜市鶴見区岸谷4丁目25-25), Kanagawa, Japan. Built in 1979, it comprises 87 units in a Reinforced Concrete (RC) structure. It was constructed by Taiboku Kensetsu (大木建設).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 810〜3,990万円 (approx. $54,000–$266,000 USD at ¥150/$).
Unit sizes range from 44.3–97.8 sqm (477–1053 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), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥46.6万/sqm (approx. $3,107/sqm or $289/sqft).
Location & Neighborhood
The property is located at Yokohamashitsurumiku Kishitani 4 Choume 25-25 (横浜市鶴見区岸谷4丁目25-25), Kanagawa, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1979, 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 47 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 87 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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