Overview of Daisan Kitahama Ta Manshon (第三北浜田マンション)
Daisan Kitahama Ta Manshon (第三北浜田マンション) is a 37-year-old condominium located at Yokkaichi Shi Kitahama Tamachi 2-1 (四日市市北浜田町2-1), Mie, Japan. Built in 1989, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nakano Kensetsu (中野建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 920〜1,990万円 (approx. $61,333–$132,667 USD at ¥150/$).
Unit sizes range from 65.9–75.2 sqm (709–809 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.5万/sqm (approx. $1,635/sqm or $152/sqft).
Location & Neighborhood
The property is located at Yokkaichi Shi Kitahama Tamachi 2-1 (四日市市北浜田町2-1), Mie, Japan. It is a 12-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 37 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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