Overview of Kurio Ebina Ichiban Kan (クリオ海老名壱番館)
Kurio Ebina Ichiban Kan (クリオ海老名壱番館) is a 35-year-old condominium located at Ebinashi Ootani Kita 2 Choume 24-18 (海老名市大谷北2丁目24-18), Kanagawa, Japan. Built in 1991, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Juuzen Kensetsu (十全建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 580〜1,790万円 (approx. $38,667–$119,333 USD at ¥150/$).
Unit sizes range from 42.0–56.9 sqm (452–612 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.8万/sqm (approx. $1,323/sqm or $123/sqft).
Location & Neighborhood
The property is located at Ebinashi Ootani Kita 2 Choume 24-18 (海老名市大谷北2丁目24-18), Kanagawa, Japan. It is a 20-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 35 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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