Overview of Oomiya Heiwadai Manshon (大宮平和台マンション)
Oomiya Heiwadai Manshon (大宮平和台マンション) is a 45-year-old condominium located at Saitama Shidai Miya Ku Kita Fukuromachi 1 Choume 190-2 (さいたま市大宮区北袋町1丁目190-2), Saitama, Japan. Built in 1981, it comprises 255 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 53 past listings, prices have ranged from 1,580〜4,480万円 (approx. $105,333–$298,667 USD at ¥150/$).
Unit sizes range from 65.2–94.5 sqm (702–1017 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥45.0万/sqm (approx. $3,000/sqm or $279/sqft).
Location & Neighborhood
The property is located at Saitama Shidai Miya Ku Kita Fukuromachi 1 Choume 190-2 (さいたま市大宮区北袋町1丁目190-2), Saitama, Japan. It is a 9-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 255 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.
Analyze this property's fair price and negotiation room for free at RE:public.