Overview of Mettsu Tateishi (メッツ立石)
Mettsu Tateishi (メッツ立石) is a 31-year-old condominium located at Katsushikaku Tateishi 2 Choume 28-6 (葛飾区立石2丁目28-6), Tokyo, Japan. Built in 1995, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 1,680〜3,230万円 (approx. $112,000–$215,333 USD at ¥150/$).
Unit sizes range from 51.7–56.7 sqm (556–610 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.2万/sqm (approx. $3,349/sqm or $311/sqft).
Location & Neighborhood
The property is located at Katsushikaku Tateishi 2 Choume 28-6 (葛飾区立石2丁目28-6), Tokyo, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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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