Overview of Funabashi Natsumi Paakuhoomuzu (船橋夏見パークホームズ)
Funabashi Natsumi Paakuhoomuzu (船橋夏見パークホームズ) is a 26-year-old condominium located at Funabashishi Natsumi 1 Choume 5-1 (船橋市夏見1丁目5-1), Chiba, Japan. Built in 2000, it comprises 76 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi , Andou Kensetsu (間組、 安藤建設).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 2,580〜6,480万円 (approx. $172,000–$432,000 USD at ¥150/$).
Unit sizes range from 69.6–93.2 sqm (749–1003 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 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: ¥67.4万/sqm (approx. $4,491/sqm or $417/sqft).
Location & Neighborhood
The property is located at Funabashishi Natsumi 1 Choume 5-1 (船橋市夏見1丁目5-1), Chiba, 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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 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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