Overview of Reebenhaimu Shikahama (レーベンハイム鹿浜)
Reebenhaimu Shikahama (レーベンハイム鹿浜) is a 27-year-old condominium located at Adachiku Shikahama 4 Choume 23-12 (足立区鹿浜4丁目23-12), Tokyo, Japan. Built in 1999, it comprises 31 units in a Reinforced Concrete (RC) structure. It was constructed by Goyoukensetsu (五洋建設).
Pricing & Floor Plans
Based on 47 past listings, prices have ranged from 1,350〜3,390万円 (approx. $90,000–$226,000 USD at ¥150/$).
Unit sizes range from 45.2–60.2 sqm (487–648 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SDK (1-bedroom w/ dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥50.9万/sqm (approx. $3,395/sqm or $315/sqft).
Location & Neighborhood
The property is located at Adachiku Shikahama 4 Choume 23-12 (足立区鹿浜4丁目23-12), Tokyo, Japan. It is a 15-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 27 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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