Overview of Raionzumanshon Wakou (ライオンズマンション和光)
Raionzumanshon Wakou (ライオンズマンション和光) is a 38-year-old condominium located at Wakoushi Shirako 3 Choume 25-1 (和光市白子3丁目25-1), Saitama, Japan. Built in 1988, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Shin Kensetsu (新建設).
Pricing & Floor Plans
Based on 66 past listings, prices have ranged from 700〜2,880万円 (approx. $46,667–$192,000 USD at ¥150/$).
Unit sizes range from 20.3–65.8 sqm (219–708 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥39.6万/sqm (approx. $2,643/sqm or $246/sqft).
Location & Neighborhood
The property is located at Wakoushi Shirako 3 Choume 25-1 (和光市白子3丁目25-1), Saitama, Japan. It is a 14-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 38 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.