Overview of Hausu Setagaya Mishuku (ハウス世田谷三宿)
Hausu Setagaya Mishuku (ハウス世田谷三宿) is a 39-year-old condominium located at Setagayaku Mishuku 1 Choume 1-12 (世田谷区三宿1丁目1-12), Tokyo, Japan. Built in 1987, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (銭高組).
Pricing & Floor Plans
Based on 6 past listings, prices have ranged from 2,480〜21,990万円 (approx. $165,333–$1,466,000 USD at ¥150/$).
Unit sizes range from 40.2–152.6 sqm (433–1643 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 3K (3-bedroom w/ kitchen).
Estimated price per sqm: ¥133.4万/sqm (approx. $8,892/sqm or $826/sqft).
Location & Neighborhood
The property is located at Setagayaku Mishuku 1 Choume 1-12 (世田谷区三宿1丁目1-12), Tokyo, 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 39 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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