Overview of Raionzumanshon Asakusaeki Mae (ライオンズマンション浅草駅前)
Raionzumanshon Asakusaeki Mae (ライオンズマンション浅草駅前) is a 40-year-old condominium located at Taitouku Hanakawado 1 Choume 6-7 (台東区花川戸1丁目6-7), Tokyo, Japan. Built in 1986, it comprises 45 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,080〜4,499万円 (approx. $72,000–$299,933 USD at ¥150/$).
Unit sizes range from 20.5–51.5 sqm (221–554 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥96.5万/sqm (approx. $6,431/sqm or $597/sqft).
Location & Neighborhood
The property is located at Taitouku Hanakawado 1 Choume 6-7 (台東区花川戸1丁目6-7), Tokyo, Japan. It is a 1-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 40 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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