Overview of Oyama Dai Ribaasaidohaidensu (尾山台リバーサイドハイデンス)
Oyama Dai Ribaasaidohaidensu (尾山台リバーサイドハイデンス) is a 43-year-old condominium located at Setagayaku Tamatsutsumi 1 Choume 23-14 (世田谷区玉堤1丁目23-14), Tokyo, Japan. Built in 1983, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 980〜4,580万円 (approx. $65,333–$305,333 USD at ¥150/$).
Unit sizes range from 24.8–56.2 sqm (267–605 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥75.2万/sqm (approx. $5,010/sqm or $465/sqft).
Location & Neighborhood
The property is located at Setagayaku Tamatsutsumi 1 Choume 23-14 (世田谷区玉堤1丁目23-14), Tokyo, Japan. It is a 16-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 43 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.