Overview of Roorerukootoesuta Gakuen Mae (ローレルコートエスタ学園前)
Roorerukootoesuta Gakuen Mae (ローレルコートエスタ学園前) is a 37-year-old condominium located at Narashi Gakuen Yamatochou 2 Choume 116-5 (奈良市学園大和町2丁目116-5), Nara, Japan. Built in 1989, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥14.9万/sqm (approx. $994/sqm or $92/sqft).
Location & Neighborhood
The property is located at Narashi Gakuen Yamatochou 2 Choume 116-5 (奈良市学園大和町2丁目116-5), Nara, 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 50 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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