Overview of Ririfa Yamato (リリファ大和)
Ririfa Yamato (リリファ大和) is a 35-year-old condominium located at Yamatoshi Fukami Nishi 4 Choume 8-20 (大和市深見西4丁目8-20), Kanagawa, Japan. Built in 1991, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Fujimi Kenchiku (富士見建築).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥43.4万/sqm (approx. $2,890/sqm or $268/sqft).
Location & Neighborhood
The property is located at Yamatoshi Fukami Nishi 4 Choume 8-20 (大和市深見西4丁目8-20), Kanagawa, Japan. It is a 22-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 35 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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