Overview of Santooa Koiwa (サントーア小岩)
Santooa Koiwa (サントーア小岩) is a 31-year-old condominium located at Katsushikaku Kamakura 1 Choume 4-2 (葛飾区鎌倉1丁目4-2), Tokyo, Japan. Built in 1995, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Toua Kensetsu Kougyou (東亜建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥51.1万/sqm (approx. $3,407/sqm or $317/sqft).
Location & Neighborhood
The property is located at Katsushikaku Kamakura 1 Choume 4-2 (葛飾区鎌倉1丁目4-2), Tokyo, Japan. It is a 10-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 31 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.