Overview of Sezaaru Miyazakidai (セザール宮崎台)
Sezaaru Miyazakidai (セザール宮崎台) is a 38-year-old condominium located at Kawasakishi Miyamaeku Maginu 3 Choume 20-23 (川崎市宮前区馬絹3丁目20-23), Kanagawa, Japan. Built in 1988, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Goyoukensetsu (五洋建設).
Pricing & Floor Plans
Based on 74 past listings, prices have ranged from 370〜2,599万円 (approx. $24,667–$173,267 USD at ¥150/$).
Unit sizes range from 22.7–71.9 sqm (244–774 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), 1DK (1-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.2万/sqm (approx. $1,545/sqm or $144/sqft).
Location & Neighborhood
The property is located at Kawasakishi Miyamaeku Maginu 3 Choume 20-23 (川崎市宮前区馬絹3丁目20-23), Kanagawa, 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 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.
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