Overview of Raifugaaden Seto Mizuno 5 Ban Kan (ライフガーデン瀬戸水野５番館)
Raifugaaden Seto Mizuno 5 Ban Kan (ライフガーデン瀬戸水野５番館) is a 27-year-old condominium located at Seto Shi Mizuno Saka 4 Choume 3 (瀬戸市みずの坂4丁目3), Aichi, Japan. Built in 1999, it comprises 90 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 4 past listings, prices have ranged from 1,000〜1,290万円 (approx. $66,667–$86,000 USD at ¥150/$).
Unit sizes range from 82.3–102.5 sqm (886–1103 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Seto Shi Mizuno Saka 4 Choume 3 (瀬戸市みずの坂4丁目3), Aichi, Japan. It is a 14-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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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