Overview of Guriinhaimu Izumi No 4 1 Goutou (グリーンハイムいずみ野４１号棟)
Guriinhaimu Izumi No 4 1 Goutou (グリーンハイムいずみ野４１号棟) is a 41-year-old condominium located at Yokohamashi Izumiku Izumichou 5732-2 (横浜市泉区和泉町5732-2), Kanagawa, Japan. Built in 1985, it comprises 58 units in a Reinforced Concrete (RC) structure. It was constructed by Soutetsu Kensetsu , Fudou Ken Ken (相鉄建設、 フドウ建研).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥30.3万/sqm (approx. $2,018/sqm or $187/sqft).
Location & Neighborhood
The property is located at Yokohamashi Izumiku Izumichou 5732-2 (横浜市泉区和泉町5732-2), Kanagawa, Japan. It is a 2-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 58 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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