Overview of Famirieeru Koga (ファミリエール古河)
Famirieeru Koga (ファミリエール古河) is a 33-year-old condominium located at Koga Shi Honchou 4 Choume 12-26 (古河市本町4丁目12-26), Ibaraki, Japan. Built in 1993, it comprises 66 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 490〜1,680万円 (approx. $32,667–$112,000 USD at ¥150/$).
Unit sizes range from 32.2–66.8 sqm (347–719 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.5万/sqm (approx. $1,634/sqm or $152/sqft).
Location & Neighborhood
The property is located at Koga Shi Honchou 4 Choume 12-26 (古河市本町4丁目12-26), Ibaraki, 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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 66 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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