Overview of Chuugin Ookurayama Manshion (中銀大倉山マンシオン)
Chuugin Ookurayama Manshion (中銀大倉山マンシオン) is a 45-year-old condominium located at Yokohamashiminatokitaku Mamedochou 87-1 (横浜市港北区大豆戸町87-1), Kanagawa, Japan. Built in 1981, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 485〜3,190万円 (approx. $32,333–$212,667 USD at ¥150/$).
Unit sizes range from 20.5–58.2 sqm (221–626 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), 1R (Studio).
Estimated price per sqm: ¥53.3万/sqm (approx. $3,551/sqm or $330/sqft).
Location & Neighborhood
The property is located at Yokohamashiminatokitaku Mamedochou 87-1 (横浜市港北区大豆戸町87-1), Kanagawa, Japan. It is a 8-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 45 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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