Overview of Paruminaado Musashinakahara (パルミナード武蔵中原)
Paruminaado Musashinakahara (パルミナード武蔵中原) is a 29-year-old condominium located at Kawasakishinakaharaku Shita Odanaka 5 Choume 15-40 (川崎市中原区下小田中5丁目15-40), Kanagawa, Japan. Built in 1997, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Tobishima Kensetsu , Iimura Koumuten (飛島建設、 飯村工務店).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 1,890〜4,880万円 (approx. $126,000–$325,333 USD at ¥150/$).
Unit sizes range from 57.4–79.6 sqm (618–857 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥61.4万/sqm (approx. $4,095/sqm or $380/sqft).
Location & Neighborhood
The property is located at Kawasakishinakaharaku Shita Odanaka 5 Choume 15-40 (川崎市中原区下小田中5丁目15-40), Kanagawa, Japan. It is a 16-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 29 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.
Analyze this property's fair price and negotiation room for free at RE:public.