Overview of Berushatou Misato Waseda (ベルシャトウ三郷早稲田)
Berushatou Misato Waseda (ベルシャトウ三郷早稲田) is a 32-year-old condominium located at Misatoshi Waseda 3 Choume 26-7 (三郷市早稲田3丁目26-7), Saitama, Japan. Built in 1994, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 950〜2,699万円 (approx. $63,333–$179,933 USD at ¥150/$).
Unit sizes range from 58.0–67.2 sqm (624–723 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.6万/sqm (approx. $2,039/sqm or $189/sqft).
Location & Neighborhood
The property is located at Misatoshi Waseda 3 Choume 26-7 (三郷市早稲田3丁目26-7), Saitama, Japan. It is a 14-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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