Overview of Rune Koube Kitamachi 1 (ルネ神戸北町1)
Rune Koube Kitamachi 1 (ルネ神戸北町1) is a 37-year-old condominium located at Koubeshi Kitaku Nichi No Mine 5 Choume 14 (神戸市北区日の峰5丁目14), Hyogo, Japan. Built in 1989, it comprises 149 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 79 past listings, prices have ranged from 580〜1,790万円 (approx. $38,667–$119,333 USD at ¥150/$).
Unit sizes range from 79.4–111.8 sqm (855–1203 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4DK (4-bedroom w/ dining-kitchen), 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: ¥13.0万/sqm (approx. $869/sqm or $81/sqft).
Location & Neighborhood
The property is located at Koubeshi Kitaku Nichi No Mine 5 Choume 14 (神戸市北区日の峰5丁目14), Hyogo, Japan. It is a 15-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.
Scale advantage: With 149 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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