Overview of Osean Azami No Iisuto (オセアンあざみ野イースト)
Osean Azami No Iisuto (オセアンあざみ野イースト) is a 28-year-old condominium located at Yokohamashi Aobaku Eda Machi 337-1 (横浜市青葉区荏田町337-1), Kanagawa, Japan. Built in 1998, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Taiyou Kensetsu (大洋建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,780〜3,850万円 (approx. $118,667–$256,667 USD at ¥150/$).
Unit sizes range from 68.4–69.8 sqm (736–751 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥55.0万/sqm (approx. $3,669/sqm or $341/sqft).
Location & Neighborhood
The property is located at Yokohamashi Aobaku Eda Machi 337-1 (横浜市青葉区荏田町337-1), Kanagawa, Japan. It is a 12-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 28 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.
Analyze this property's fair price and negotiation room for free at RE:public.