Overview of Ikusu Sumida (イクス墨田)
Ikusu Sumida (イクス墨田) is a 36-year-old condominium located at Sumidaku Yahiro 4 Choume 49-7 (墨田区八広4丁目49-7), Tokyo, Japan. Built in 1990, it comprises 45 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 690〜1,160万円 (approx. $46,000–$77,333 USD at ¥150/$).
Unit sizes range from 19.2–19.2 sqm (207–207 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥48.5万/sqm (approx. $3,232/sqm or $300/sqft).
Location & Neighborhood
The property is located at Sumidaku Yahiro 4 Choume 49-7 (墨田区八広4丁目49-7), Tokyo, 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 36 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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