Overview of Sukaikooto Setagaya Dai 3 (スカイコート世田谷第3)
Sukaikooto Setagaya Dai 3 (スカイコート世田谷第3) is a 40-year-old condominium located at Setagayaku Setagaya 1 Choume 41-2 (世田谷区世田谷1丁目41-2), Tokyo, Japan. Built in 1986, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 700〜1,280万円 (approx. $46,667–$85,333 USD at ¥150/$).
Unit sizes range from 16.6–17.3 sqm (179–186 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥67.9万/sqm (approx. $4,525/sqm or $420/sqft).
Location & Neighborhood
The property is located at Setagayaku Setagaya 1 Choume 41-2 (世田谷区世田谷1丁目41-2), Tokyo, Japan. It is a 7-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 40 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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