Overview of Rumine Izumi No A Tou (ルミネいずみ野Ａ棟)
Rumine Izumi No A Tou (ルミネいずみ野Ａ棟) is a 45-year-old condominium located at Yokohamashi Izumiku Izumichou 5998-8 (横浜市泉区和泉町5998-8), Kanagawa, Japan. Built in 1981, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by Oki Shima Kougyou (沖島工業).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,080〜2,080万円 (approx. $72,000–$138,667 USD at ¥150/$).
Unit sizes range from 56.8–66.2 sqm (611–713 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.6万/sqm (approx. $1,175/sqm or $109/sqft).
Location & Neighborhood
The property is located at Yokohamashi Izumiku Izumichou 5998-8 (横浜市泉区和泉町5998-8), Kanagawa, Japan. It is a 6-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 45 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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