Overview of Kuressento Isogo (クレッセント磯子)
Kuressento Isogo (クレッセント磯子) is a 23-year-old condominium located at Yokohamashiisogoku Isogo 8 Choume 11-1 (横浜市磯子区磯子8丁目11-1), Kanagawa, Japan. Built in 2003, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Morimoto Kumi (森本組).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 2,080〜4,280万円 (approx. $138,667–$285,333 USD at ¥150/$).
Unit sizes range from 70.8–141.9 sqm (762–1527 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 6SLDK (6-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥42.6万/sqm (approx. $2,838/sqm or $264/sqft).
Location & Neighborhood
The property is located at Yokohamashiisogoku Isogo 8 Choume 11-1 (横浜市磯子区磯子8丁目11-1), Kanagawa, Japan. It is a 19-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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