Overview of Rafiine Kawagoe (ラフィーネ川越)
Rafiine Kawagoe (ラフィーネ川越) is a 35-year-old condominium located at Kawagoeshi Matsue Machi 1 Choume 15-4 (川越市松江町1丁目15-4), Saitama, Japan. Built in 1991, it comprises 31 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Eda San Kensetsu Kougyou (枝三建設工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥32.8万/sqm (approx. $2,189/sqm or $203/sqft).
Location & Neighborhood
The property is located at Kawagoeshi Matsue Machi 1 Choume 15-4 (川越市松江町1丁目15-4), Saitama, Japan. It is a 8-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 35 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.
Analyze this property's fair price and negotiation room for free at RE:public.