Overview of Hiruzu Funabori (ヒルズ船堀)
Hiruzu Funabori (ヒルズ船堀) is a 24-year-old condominium located at Edogawaku Funabori 4 Choume 5-9 (江戸川区船堀4丁目5-9), Tokyo, Japan. Built in 2002, it comprises 43 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 3,280〜7,280万円 (approx. $218,667–$485,333 USD at ¥150/$).
Unit sizes range from 67.5–89.4 sqm (727–962 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥89.5万/sqm (approx. $5,968/sqm or $554/sqft).
Location & Neighborhood
The property is located at Edogawaku Funabori 4 Choume 5-9 (江戸川区船堀4丁目5-9), Tokyo, 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 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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