Overview of Roorerukooto Tomio (ローレルコート富雄)
Roorerukooto Tomio (ローレルコート富雄) is a 23-year-old condominium located at Narashi Gakuen Yamatochou 6 Choume 665 (奈良市学園大和町6丁目665), Nara, Japan. Built in 2003, it comprises 86 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 1,580〜4,800万円 (approx. $105,333–$320,000 USD at ¥150/$).
Unit sizes range from 74.7–149.4 sqm (804–1608 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥26.8万/sqm (approx. $1,787/sqm or $166/sqft).
Location & Neighborhood
The property is located at Narashi Gakuen Yamatochou 6 Choume 665 (奈良市学園大和町6丁目665), Nara, 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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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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