Overview of Enzeruhaimu Higashimatsuyama (エンゼルハイム東松山)
Enzeruhaimu Higashimatsuyama (エンゼルハイム東松山) is a 37-year-old condominium located at Higashimatsuyama Shi Wakamatsuchou 2 Choume 11-24 (東松山市若松町2丁目11-24), Saitama, Japan. Built in 1989, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Azeru (アゼル).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 350〜1,300万円 (approx. $23,333–$86,667 USD at ¥150/$).
Unit sizes range from 58.3–72.8 sqm (628–784 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.6万/sqm (approx. $1,042/sqm or $97/sqft).
Location & Neighborhood
The property is located at Higashimatsuyama Shi Wakamatsuchou 2 Choume 11-24 (東松山市若松町2丁目11-24), Saitama, Japan. It is a 18-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 37 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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