Overview of Daini Mitsuwa Dai Haitsu (第２みつわ台ハイツ)
Daini Mitsuwa Dai Haitsu (第２みつわ台ハイツ) is a 50-year-old condominium located at Chibashi Wakaba Ku Mitsuwa Dai 5 Choume 39-1 , 39-2 , 32-1 , 22-1 (千葉市若葉区みつわ台5丁目39-1、39-2、32-1、22-1), Chiba, Japan. Built in 1976, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 330〜1,580万円 (approx. $22,000–$105,333 USD at ¥150/$).
Unit sizes range from 63.3–82.2 sqm (681–885 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.3万/sqm (approx. $884/sqm or $82/sqft).
Location & Neighborhood
The property is located at Chibashi Wakaba Ku Mitsuwa Dai 5 Choume 39-1 , 39-2 , 32-1 , 22-1 (千葉市若葉区みつわ台5丁目39-1、39-2、32-1、22-1), Chiba, Japan. It is a 17-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1976, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 50 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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