Overview of Shiiaimanshon Hongou Mukougaoka (シーアイマンション本郷向丘)
Shiiaimanshon Hongou Mukougaoka (シーアイマンション本郷向丘) is a 32-year-old condominium located at Bunkyouku Mukougaoka 1 Choume 13-5 (文京区向丘1丁目13-5), Tokyo, Japan. Built in 1994, it comprises 79 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kokune Kensetsu (古久根建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,580〜15,900万円 (approx. $105,333–$1,060,000 USD at ¥150/$).
Unit sizes range from 25.7–74.5 sqm (277–802 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥175.1万/sqm (approx. $11,673/sqm or $1,084/sqft).
Location & Neighborhood
The property is located at Bunkyouku Mukougaoka 1 Choume 13-5 (文京区向丘1丁目13-5), Tokyo, Japan. It is a 3-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 79 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.