Overview of Raionzumanshon Aoyama (ライオンズマンション青山)
Raionzumanshon Aoyama (ライオンズマンション青山) is a 37-year-old condominium located at Niigatashi Nishiku Aoyama Shinmachi 4-3 (新潟市西区青山新町4-3), Niigata, Japan. Built in 1989, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Fukuda Kumi (福田組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 600〜1,598万円 (approx. $40,000–$106,533 USD at ¥150/$).
Unit sizes range from 45.3–72.9 sqm (488–785 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.6万/sqm (approx. $1,310/sqm or $122/sqft).
Location & Neighborhood
The property is located at Niigatashi Nishiku Aoyama Shinmachi 4-3 (新潟市西区青山新町4-3), Niigata, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 37 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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