Overview of Honmoku Sankeien Hiruzu (本牧三渓園ヒルズ)
Honmoku Sankeien Hiruzu (本牧三渓園ヒルズ) is a 30-year-old condominium located at Yokohamashi Nakaku Honmoku Motomachi 6-19 (横浜市中区本牧元町6-19), Kanagawa, Japan. Built in 1996, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Tobishima Kensetsu (飛島建設).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,980〜3,980万円 (approx. $132,000–$265,333 USD at ¥150/$).
Unit sizes range from 60.1–84.2 sqm (647–906 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥45.1万/sqm (approx. $3,008/sqm or $279/sqft).
Location & Neighborhood
The property is located at Yokohamashi Nakaku Honmoku Motomachi 6-19 (横浜市中区本牧元町6-19), Kanagawa, Japan. It is a 32-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 30 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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