Overview of Roorerukooto Ootsu (ローレルコート大津)
Roorerukooto Ootsu (ローレルコート大津) is a 26-year-old condominium located at Ootsushi Housaka 1 Choume 1 (大津市逢坂1丁目1), Shiga, Japan. Built in 2000, it comprises 125 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hazamagumi , Toure Kensetsu (間組、 東レ建設).
Pricing & Floor Plans
Based on 51 past listings, prices have ranged from 1,980〜3,980万円 (approx. $132,000–$265,333 USD at ¥150/$).
Unit sizes range from 60.9–82.6 sqm (656–889 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), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.1万/sqm (approx. $3,341/sqm or $310/sqft).
Location & Neighborhood
The property is located at Ootsushi Housaka 1 Choume 1 (大津市逢坂1丁目1), Shiga, Japan. It is a 1-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 125 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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