Overview of Rinkan Den'entoshi Guriinkooto San Ban Kan (林間田園都市グリーンコート参番館)
Rinkan Den'entoshi Guriinkooto San Ban Kan (林間田園都市グリーンコート参番館) is a 35-year-old condominium located at Hashimoto Ichizou Ishi Dai 3 Choume 23-1 (橋本市三石台3丁目23-1), Wakayama, Japan. Built in 1991, it comprises 149 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon , Nankai Kensetsu (長谷工コーポレーション、 南海建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,280〜2,085万円 (approx. $85,333–$139,000 USD at ¥150/$).
Unit sizes range from 85.2–114.3 sqm (917–1230 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-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: ¥18.1万/sqm (approx. $1,207/sqm or $112/sqft).
Location & Neighborhood
The property is located at Hashimoto Ichizou Ishi Dai 3 Choume 23-1 (橋本市三石台3丁目23-1), Wakayama, Japan. It is a 4-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 149 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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