Overview of Guriinpaaku Kanemachi (グリーンパーク金町)
Guriinpaaku Kanemachi (グリーンパーク金町) is a 42-year-old condominium located at Katsushikaku Mizumoto 2 Choume 2-10 (葛飾区水元2丁目2-10), Tokyo, Japan. Built in 1984, it comprises 154 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toutetsukougyou (東鉄工業).
Pricing & Floor Plans
Based on 76 past listings, prices have ranged from 730〜2,980万円 (approx. $48,667–$198,667 USD at ¥150/$).
Unit sizes range from 43.8–75.5 sqm (471–813 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), 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 4K (4-bedroom w/ kitchen).
Estimated price per sqm: ¥39.1万/sqm (approx. $2,608/sqm or $242/sqft).
Location & Neighborhood
The property is located at Katsushikaku Mizumoto 2 Choume 2-10 (葛飾区水元2丁目2-10), Tokyo, Japan. It is a 32-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 154 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.
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