Overview of Wakoore Koshigaya (ワコーレ越谷)
Wakoore Koshigaya (ワコーレ越谷) is a 36-year-old condominium located at Koshigaya Ichigaya Nakamachi 1 Choume 122-1 (越谷市谷中町1丁目122-1), Saitama, Japan. Built in 1990, it comprises 87 units in a Reinforced Concrete (RC) structure. It was constructed by Shouei Kensetsu (松栄建設).
Pricing & Floor Plans
Based on 70 past listings, prices have ranged from 880〜2,498万円 (approx. $58,667–$166,533 USD at ¥150/$).
Unit sizes range from 56.5–78.0 sqm (608–840 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), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥33.8万/sqm (approx. $2,253/sqm or $209/sqft).
Location & Neighborhood
The property is located at Koshigaya Ichigaya Nakamachi 1 Choume 122-1 (越谷市谷中町1丁目122-1), Saitama, Japan. It is a 17-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 87 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.
Analyze this property's fair price and negotiation room for free at RE:public.