Overview of Reebenhaimu Tsuruse (レーベンハイム鶴瀬)
Reebenhaimu Tsuruse (レーベンハイム鶴瀬) is a 28-year-old condominium located at Fujimi Ichizuru Se Higashi 2 Choume 20-11 (富士見市鶴瀬東2丁目20-11), Saitama, Japan. Built in 1998, it comprises 59 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,300〜3,199万円 (approx. $86,667–$213,267 USD at ¥150/$).
Unit sizes range from 54.1–66.3 sqm (582–714 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥43.2万/sqm (approx. $2,879/sqm or $267/sqft).
Location & Neighborhood
The property is located at Fujimi Ichizuru Se Higashi 2 Choume 20-11 (富士見市鶴瀬東2丁目20-11), Saitama, Japan. It is a 6-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 59 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.