Overview of Hatsuho Manshon Kitaurawa (初穂マンション北浦和)
Hatsuho Manshon Kitaurawa (初穂マンション北浦和) is a 45-year-old condominium located at Saitama Shi Sakura Ku Yama Kubo 1 Choume 17-26 (さいたま市桜区山久保1丁目17-26), Saitama, Japan. Built in 1981, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Morimoto Kumi (森本組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 890〜1,880万円 (approx. $59,333–$125,333 USD at ¥150/$).
Unit sizes range from 57.1–71.0 sqm (615–764 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.5万/sqm (approx. $1,102/sqm or $102/sqft).
Location & Neighborhood
The property is located at Saitama Shi Sakura Ku Yama Kubo 1 Choume 17-26 (さいたま市桜区山久保1丁目17-26), Saitama, 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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