Overview of Ichihara Hachiman Paakuhoomuzu (市原八幡パークホームズ)
Ichihara Hachiman Paakuhoomuzu (市原八幡パークホームズ) is a 31-year-old condominium located at Ichiharashi Hachiman 1049-18 (市原市八幡1049-18), Chiba, Japan. Built in 1995, it comprises 153 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsui Purekon (三井プレコン).
Pricing & Floor Plans
Based on 51 past listings, prices have ranged from 900〜2,380万円 (approx. $60,000–$158,667 USD at ¥150/$).
Unit sizes range from 61.9–76.3 sqm (666–821 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: ¥23.8万/sqm (approx. $1,587/sqm or $147/sqft).
Location & Neighborhood
The property is located at Ichiharashi Hachiman 1049-18 (市原市八幡1049-18), Chiba, Japan. It is a 7-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 153 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.
Analyze this property's fair price and negotiation room for free at RE:public.