Overview of Sezaaru Kounan (セザール岡南)
Sezaaru Kounan (セザール岡南) is a 35-year-old condominium located at Okayamashi Kitaku Nanokaichi Nishimachi 7-48 (岡山市北区七日市西町7-48), Okayama, Japan. Built in 1991, it comprises 98 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi , Kishimoto Kensetsu (奥村組、 岸本建設).
Pricing & Floor Plans
Based on 63 past listings, prices have ranged from 590〜1,680万円 (approx. $39,333–$112,000 USD at ¥150/$).
Unit sizes range from 56.7–78.4 sqm (610–844 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.1万/sqm (approx. $1,741/sqm or $162/sqft).
Location & Neighborhood
The property is located at Okayamashi Kitaku Nanokaichi Nishimachi 7-48 (岡山市北区七日市西町7-48), Okayama, Japan. It is a 6-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 98 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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