Overview of Azami No Danchi 3 - 1 - 1 Goutou (あざみ野団地3-1-1号棟)
Azami No Danchi 3 - 1 - 1 Goutou (あざみ野団地3-1-1号棟) is a 44-year-old condominium located at Yokohamashi Aobaku Azami No 3 Choume 1-1 (横浜市青葉区あざみ野3丁目1-1), Kanagawa, Japan. Built in 1982, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Juutaku Toshi Seibi Koudan (住宅都市整備公団).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 2,980〜4,998万円 (approx. $198,667–$333,200 USD at ¥150/$).
Unit sizes range from 74.0–85.7 sqm (797–922 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥57.1万/sqm (approx. $3,805/sqm or $353/sqft).
Location & Neighborhood
The property is located at Yokohamashi Aobaku Azami No 3 Choume 1-1 (横浜市青葉区あざみ野3丁目1-1), Kanagawa, Japan. It is a 11-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 44 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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