Overview of Saamu Shin Ishiyama Ni Ban Kan (サーム新石山弐番館)
Saamu Shin Ishiyama Ni Ban Kan (サーム新石山弐番館) is a 28-year-old condominium located at Niigatashi Higashiku Shin Ishiyama 2 Choume 9-3 (新潟市東区新石山2丁目9-3), Niigata, Japan. Built in 1998, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Morishoo (モリショー).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥25.5万/sqm (approx. $1,703/sqm or $158/sqft).
Location & Neighborhood
The property is located at Niigatashi Higashiku Shin Ishiyama 2 Choume 9-3 (新潟市東区新石山2丁目9-3), Niigata, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 28 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.