Overview of Esuteetomanshon Kurume Idai Mae Ni Ban Kan (エステートマンション久留米医大前弐番館)
Esuteetomanshon Kurume Idai Mae Ni Ban Kan (エステートマンション久留米医大前弐番館) is a 36-year-old condominium located at Kurumeshi Nichi No Demachi 11 (久留米市日ノ出町11), Fukuoka, Japan. Built in 1990, it comprises 12 units in a Reinforced Concrete (RC) structure. It was constructed by Daishou Kensetsu (大祥建設).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 480〜1,480万円 (approx. $32,000–$98,667 USD at ¥150/$).
Unit sizes range from 62.1–89.5 sqm (668–963 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥11.6万/sqm (approx. $771/sqm or $72/sqft).
Location & Neighborhood
The property is located at Kurumeshi Nichi No Demachi 11 (久留米市日ノ出町11), Fukuoka, 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 36 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.
Analyze this property's fair price and negotiation room for free at RE:public.