Overview of Raionzumanshon Nagazumi (ライオンズマンション長住)
Raionzumanshon Nagazumi (ライオンズマンション長住) is a 44-year-old condominium located at Fukuokashi Minamiku Nagazumi 5 Choume 11-11 (福岡市南区長住5丁目11-11), Fukuoka, Japan. Built in 1982, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by Komatsu Kensetsu Kougyou (小松建設工業).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 680〜1,990万円 (approx. $45,333–$132,667 USD at ¥150/$).
Unit sizes range from 50.2–88.4 sqm (540–952 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.2万/sqm (approx. $1,481/sqm or $138/sqft).
Location & Neighborhood
The property is located at Fukuokashi Minamiku Nagazumi 5 Choume 11-11 (福岡市南区長住5丁目11-11), Fukuoka, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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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