Overview of Hiruzu Aobadai 2 Choume (ヒルズ青葉台２丁目)
Hiruzu Aobadai 2 Choume (ヒルズ青葉台２丁目) is a 23-year-old condominium located at Yokohamashi Aobaku Aobadai 2 Choume 25 (横浜市青葉区青葉台2丁目25), Kanagawa, Japan. Built in 2003, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 3,690〜7,200万円 (approx. $246,000–$480,000 USD at ¥150/$).
Unit sizes range from 70.7–108.9 sqm (761–1172 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥74.5万/sqm (approx. $4,969/sqm or $462/sqft).
Location & Neighborhood
The property is located at Yokohamashi Aobaku Aobadai 2 Choume 25 (横浜市青葉区青葉台2丁目25), Kanagawa, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 23 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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