Overview of Raionzumanshon Maebashi Honchou (ライオンズマンション前橋本町)
Raionzumanshon Maebashi Honchou (ライオンズマンション前橋本町) is a 36-year-old condominium located at Maebashishi Honchou 3 Choume 11-7 (前橋市本町3丁目11-7), Gunma, Japan. Built in 1990, it comprises 20 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sada Kensetsu (佐田建設).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 320〜1,290万円 (approx. $21,333–$86,000 USD at ¥150/$).
Unit sizes range from 45.7–53.0 sqm (492–570 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1SDK (1-bedroom w/ dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥16.7万/sqm (approx. $1,115/sqm or $104/sqft).
Location & Neighborhood
The property is located at Maebashishi Honchou 3 Choume 11-7 (前橋市本町3丁目11-7), Gunma, Japan. It is a 7-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 36 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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