Overview of Rinkan Den'entoshi Guriinkooto Ichiban Kan (林間田園都市グリーンコート壱番館)
Rinkan Den'entoshi Guriinkooto Ichiban Kan (林間田園都市グリーンコート壱番館) is a 37-year-old condominium located at Hashimoto Ichizou Ishi Dai 1 Choume 1-3 (橋本市三石台1丁目1-3), Wakayama, Japan. Built in 1989, it comprises 234 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 930〜1,780万円 (approx. $62,000–$118,667 USD at ¥150/$).
Unit sizes range from 67.7–87.4 sqm (729–941 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.7万/sqm (approx. $1,112/sqm or $103/sqft).
Location & Neighborhood
The property is located at Hashimoto Ichizou Ishi Dai 1 Choume 1-3 (橋本市三石台1丁目1-3), Wakayama, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 234 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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