Overview of Monteberude Daisan Yokohama (モンテベルデ第３横浜)
Monteberude Daisan Yokohama (モンテベルデ第３横浜) is a 35-year-old condominium located at Yokohamashinishiku Hiranuma 1 Choume 33-19 (横浜市西区平沼1丁目33-19), Kanagawa, Japan. Built in 1991, it comprises 76 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Aoki Kensetsu (青木建設).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 680〜4,780万円 (approx. $45,333–$318,667 USD at ¥150/$).
Unit sizes range from 20.9–69.7 sqm (225–750 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1K (1-bedroom w/ kitchen), 1R (Studio), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥75.2万/sqm (approx. $5,013/sqm or $466/sqft).
Location & Neighborhood
The property is located at Yokohamashinishiku Hiranuma 1 Choume 33-19 (横浜市西区平沼1丁目33-19), Kanagawa, Japan. It is a 6-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 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.