Overview of Akatsutsumi No Ie (赤堤の家)
Akatsutsumi No Ie (赤堤の家) is a 23-year-old condominium located at Setagayaku Akatsutsumi 2 Choume 8-9 (世田谷区赤堤2丁目8-9), Tokyo, Japan. Built in 2003, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Nomura Kensetsu Kougyou (野村建設工業).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 4,780〜9,980万円 (approx. $318,667–$665,333 USD at ¥150/$).
Unit sizes range from 55.5–121.0 sqm (597–1302 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥92.4万/sqm (approx. $6,158/sqm or $572/sqft).
Location & Neighborhood
The property is located at Setagayaku Akatsutsumi 2 Choume 8-9 (世田谷区赤堤2丁目8-9), Tokyo, Japan. It is a 4-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 23 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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