Overview of Ruishatore Urawa Gureesugaaden (ルイシャトレ浦和グレースガーデン)
Ruishatore Urawa Gureesugaaden (ルイシャトレ浦和グレースガーデン) is a 28-year-old condominium located at Saitama Shi Midoriku Nakao 2451-1 (さいたま市緑区中尾2451-1), Saitama, Japan. Built in 1998, it comprises 68 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 1,340〜2,590万円 (approx. $89,333–$172,667 USD at ¥150/$).
Unit sizes range from 62.7–79.7 sqm (675–858 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 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: ¥32.0万/sqm (approx. $2,133/sqm or $198/sqft).
Location & Neighborhood
The property is located at Saitama Shi Midoriku Nakao 2451-1 (さいたま市緑区中尾2451-1), Saitama, Japan. It is a 27-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.
Scale advantage: With 68 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.
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