Overview of Raionzumanshon Yono Honchou (ライオンズマンション与野本町)
Raionzumanshon Yono Honchou (ライオンズマンション与野本町) is a 38-year-old condominium located at Saitama Shichuu Ou Ku Shimoochiai 5 Choume 19-7 (さいたま市中央区下落合5丁目19-7), Saitama, Japan. Built in 1988, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Nihonkokudokaihatsu , Urawa Doken Kougyou (日本国土開発、 浦和土建工業).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,545〜3,290万円 (approx. $103,000–$219,333 USD at ¥150/$).
Unit sizes range from 51.5–73.2 sqm (554–788 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), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥60.3万/sqm (approx. $4,021/sqm or $374/sqft).
Location & Neighborhood
The property is located at Saitama Shichuu Ou Ku Shimoochiai 5 Choume 19-7 (さいたま市中央区下落合5丁目19-7), Saitama, Japan. It is a 9-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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