Overview of Suteitsu Higashi Koiwa (ステイツ東小岩)
Suteitsu Higashi Koiwa (ステイツ東小岩) is a 31-year-old condominium located at Edogawaku Higashi Koiwa 6 Choume 27-12 (江戸川区東小岩6丁目27-12), Tokyo, Japan. Built in 1995, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Nakanofudoo Kensetsu (ナカノフドー建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 2,480〜3,698万円 (approx. $165,333–$246,533 USD at ¥150/$).
Unit sizes range from 66.2–74.1 sqm (713–798 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Edogawaku Higashi Koiwa 6 Choume 27-12 (江戸川区東小岩6丁目27-12), Tokyo, Japan. It is a 9-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.
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