Overview of Paakuhausu Setagaya Sakuraoka (パークハウス世田谷桜丘)
Paakuhausu Setagaya Sakuraoka (パークハウス世田谷桜丘) is a 24-year-old condominium located at Setagayaku Sakuraoka 2 Choume 2-5 (世田谷区桜丘2丁目2-5), Tokyo, Japan. Built in 2002, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 3,880〜15,980万円 (approx. $258,667–$1,065,333 USD at ¥150/$).
Unit sizes range from 60.5–89.3 sqm (651–961 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 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: ¥145.0万/sqm (approx. $9,668/sqm or $898/sqft).
Location & Neighborhood
The property is located at Setagayaku Sakuraoka 2 Choume 2-5 (世田谷区桜丘2丁目2-5), Tokyo, Japan. It is a 10-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 24 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.
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