Overview of Raionzumanshon Tsukuba Gakuentoshi (ライオンズマンション筑波学園都市)
Raionzumanshon Tsukuba Gakuentoshi (ライオンズマンション筑波学園都市) is a 33-year-old condominium located at Tsukuba Ichiji No Miya 4 Choume 6-3 (つくば市二の宮4丁目6-3), Ibaraki, Japan. Built in 1993, it comprises 133 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 78 past listings, prices have ranged from 1,280〜3,180万円 (approx. $85,333–$212,000 USD at ¥150/$).
Unit sizes range from 62.6–84.2 sqm (674–906 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.2万/sqm (approx. $1,478/sqm or $137/sqft).
Location & Neighborhood
The property is located at Tsukuba Ichiji No Miya 4 Choume 6-3 (つくば市二の宮4丁目6-3), Ibaraki, Japan. It is a 2-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 133 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.
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