Overview of Shinmei Kamiitabashi Manshon (シンメイ上板橋マンション)
Shinmei Kamiitabashi Manshon (シンメイ上板橋マンション) is a 43-year-old condominium located at Itabashiku Kamiitabashi 3 Choume 17-7 (板橋区上板橋3丁目17-7), Tokyo, Japan. Built in 1983, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Ikeda Tadashi Koumuten (池田忠工務店).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,600〜3,780万円 (approx. $106,667–$252,000 USD at ¥150/$).
Unit sizes range from 48.1–50.4 sqm (518–543 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥67.9万/sqm (approx. $4,525/sqm or $420/sqft).
Location & Neighborhood
The property is located at Itabashiku Kamiitabashi 3 Choume 17-7 (板橋区上板橋3丁目17-7), Tokyo, 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 43 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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