Overview of Raionzumanshon Nishihashi Hon (ライオンズマンション西橋本)
Raionzumanshon Nishihashi Hon (ライオンズマンション西橋本) is a 24-year-old condominium located at Sagamiharashi Midoriku Nishihashi Hon 3 Choume 1-12 (相模原市緑区西橋本3丁目1-12), Kanagawa, Japan. Built in 2002, it comprises 149 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 59 past listings, prices have ranged from 2,380〜4,990万円 (approx. $158,667–$332,667 USD at ¥150/$).
Unit sizes range from 78.5–109.6 sqm (845–1180 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.6万/sqm (approx. $3,373/sqm or $313/sqft).
Location & Neighborhood
The property is located at Sagamiharashi Midoriku Nishihashi Hon 3 Choume 1-12 (相模原市緑区西橋本3丁目1-12), 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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 149 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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