Overview of Tsumoruhaitsu Nerima (ツモルハイツ練馬)
Tsumoruhaitsu Nerima (ツモルハイツ練馬) is a 42-year-old condominium located at Nerimaku Nerima 3 Choume 3-11 (練馬区練馬3丁目3-11), Tokyo, Japan. Built in 1984, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Tsumoru Kensetsu (ツモル建設).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 550〜1,230万円 (approx. $36,667–$82,000 USD at ¥150/$).
Unit sizes range from 10.1–17.9 sqm (109–193 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥73.6万/sqm (approx. $4,906/sqm or $456/sqft).
Location & Neighborhood
The property is located at Nerimaku Nerima 3 Choume 3-11 (練馬区練馬3丁目3-11), Tokyo, 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 42 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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