Overview of Touwa Kootohiruzu Ikegami (藤和コートヒルズ池上)
Touwa Kootohiruzu Ikegami (藤和コートヒルズ池上) is a 37-year-old condominium located at Ootaku Ikegami 1 Choume 6-13 (大田区池上1丁目6-13), Tokyo, Japan. Built in 1989, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 6,190〜9,999万円 (approx. $412,667–$666,600 USD at ¥150/$).
Unit sizes range from 132.4–132.9 sqm (1425–1431 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥68.3万/sqm (approx. $4,552/sqm or $423/sqft).
Location & Neighborhood
The property is located at Ootaku Ikegami 1 Choume 6-13 (大田区池上1丁目6-13), Tokyo, 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 37 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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