Overview of Guriinhaitsu (グリーンハイツ)
Guriinhaitsu (グリーンハイツ) is a 51-year-old condominium located at Ashikaga Shidai Hashi Machi 2 Choume 1810 (足利市大橋町2丁目1810), Tochigi, Japan. Built in 1975, it comprises 39 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 90〜498万円 (approx. $6,000–$33,200 USD at ¥150/$).
Unit sizes range from 47.5–66.1 sqm (511–711 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥3.2万/sqm (approx. $212/sqm or $20/sqft).
Location & Neighborhood
The property is located at Ashikaga Shidai Hashi Machi 2 Choume 1810 (足利市大橋町2丁目1810), Tochigi, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1975, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 51 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.