Overview of Sukaikooto Setagaya (スカイコート世田谷)
Sukaikooto Setagaya (スカイコート世田谷) is a 42-year-old condominium located at Setagayaku Setagaya 3 Choume 19-2 (世田谷区世田谷3丁目19-2), Tokyo, Japan. Built in 1984, it comprises 37 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 600〜1,280万円 (approx. $40,000–$85,333 USD at ¥150/$).
Unit sizes range from 15.9–17.1 sqm (171–184 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio).
Estimated price per sqm: ¥64.2万/sqm (approx. $4,279/sqm or $398/sqft).
Location & Neighborhood
The property is located at Setagayaku Setagaya 3 Choume 19-2 (世田谷区世田谷3丁目19-2), Tokyo, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
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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