Overview of Sanhaitsu Tokiwadaira (サンハイツ常盤平)
Sanhaitsu Tokiwadaira (サンハイツ常盤平) is a 51-year-old condominium located at Matsudoshi Tokiwadaira 2 Choume 31-1 , 32-1 (松戸市常盤平2丁目31-1、32-1), Chiba, Japan. Built in 1975, it comprises 89 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 780〜2,490万円 (approx. $52,000–$166,000 USD at ¥150/$).
Unit sizes range from 63.3–102.1 sqm (681–1099 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1DK (1-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.2万/sqm (approx. $1,677/sqm or $156/sqft).
Location & Neighborhood
The property is located at Matsudoshi Tokiwadaira 2 Choume 31-1 , 32-1 (松戸市常盤平2丁目31-1、32-1), Chiba, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1975, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 51 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 89 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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