Overview of Ookumanshon Zushi (オークマンション逗子)
Ookumanshon Zushi (オークマンション逗子) is a 45-year-old condominium located at Zushi Shi Zushi 1 Choume 2-22 (逗子市逗子1丁目2-22), Kanagawa, Japan. Built in 1981, it comprises 28 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 2,300〜8,180万円 (approx. $153,333–$545,333 USD at ¥150/$).
Unit sizes range from 83.1–142.6 sqm (894–1535 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥56.9万/sqm (approx. $3,790/sqm or $352/sqft).
Location & Neighborhood
The property is located at Zushi Shi Zushi 1 Choume 2-22 (逗子市逗子1丁目2-22), Kanagawa, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Analyze this property's fair price and negotiation room for free at RE:public.