Overview of Chisanmanshon Nara (チサンマンション奈良)
Chisanmanshon Nara (チサンマンション奈良) is a 31-year-old condominium located at Narashi Shinden Machi 329-1 (奈良市神殿町329-1), Nara, Japan. Built in 1995, it comprises 86 units in a Reinforced Concrete (RC) structure. It was constructed by Saeki Kensetsu Kougyou (佐伯建設工業).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 830〜1,580万円 (approx. $55,333–$105,333 USD at ¥150/$).
Unit sizes range from 65.5–79.7 sqm (705–858 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.8万/sqm (approx. $1,057/sqm or $98/sqft).
Location & Neighborhood
The property is located at Narashi Shinden Machi 329-1 (奈良市神殿町329-1), Nara, Japan. It is a 16-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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.