Overview of Higashikurume Honchou Gaadenhausu (東久留米本町ガーデンハウス)
Higashikurume Honchou Gaadenhausu (東久留米本町ガーデンハウス) is a 29-year-old condominium located at Higashikurume Shi Honchou 1 Choume 5-7 (東久留米市本町1丁目5-7), Tokyo, Japan. Built in 1997, it comprises 51 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nihonkokudokaihatsu , Sou Konpoonento (日本国土開発、 綜コンポーネント).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 2,980〜5,480万円 (approx. $198,667–$365,333 USD at ¥150/$).
Unit sizes range from 56.4–76.5 sqm (607–823 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥68.6万/sqm (approx. $4,572/sqm or $425/sqft).
Location & Neighborhood
The property is located at Higashikurume Shi Honchou 1 Choume 5-7 (東久留米市本町1丁目5-7), Tokyo, 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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 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.
Analyze this property's fair price and negotiation room for free at RE:public.