Overview of Raionzutawaa Ageo (ライオンズタワー上尾)
Raionzutawaa Ageo (ライオンズタワー上尾) is a 24-year-old condominium located at Ageo Ichigaya Tsu 2 Choume 1-50 (上尾市谷津2丁目1-50), Saitama, Japan. Built in 2002, it comprises 139 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 57 past listings, prices have ranged from 2,870〜9,050万円 (approx. $191,333–$603,333 USD at ¥150/$).
Unit sizes range from 62.9–105.5 sqm (677–1136 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥72.2万/sqm (approx. $4,813/sqm or $447/sqft).
Location & Neighborhood
The property is located at Ageo Ichigaya Tsu 2 Choume 1-50 (上尾市谷津2丁目1-50), Saitama, 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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 139 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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