Overview of Juneshion Iwatsuki (ジュネシオン岩槻)
Juneshion Iwatsuki (ジュネシオン岩槻) is a 44-year-old condominium located at Saitama Shi Iwatsuki Ku Honchou 4 Choume 2-12 (さいたま市岩槻区本町4丁目2-12), Saitama, Japan. Built in 1982, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tobishima Kensetsu (飛島建設).
Pricing & Floor Plans
Based on 50 past listings, prices have ranged from 350〜1,380万円 (approx. $23,333–$92,000 USD at ¥150/$).
Unit sizes range from 44.0–61.6 sqm (474–663 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.2万/sqm (approx. $1,347/sqm or $125/sqft).
Location & Neighborhood
The property is located at Saitama Shi Iwatsuki Ku Honchou 4 Choume 2-12 (さいたま市岩槻区本町4丁目2-12), Saitama, Japan. It is a 6-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 44 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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