Overview of Hara Shitei Me Paakuhoomuzu (原四丁目パークホームズ)
Hara Shitei Me Paakuhoomuzu (原四丁目パークホームズ) is a 36-year-old condominium located at Fukuokashi Sawara Ku Hara 4 Choume 7-32 (福岡市早良区原4丁目7-32), Fukuoka, Japan. Built in 1990, it comprises 62 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,480〜2,880万円 (approx. $98,667–$192,000 USD at ¥150/$).
Unit sizes range from 70.7–82.5 sqm (761–888 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: ¥34.4万/sqm (approx. $2,293/sqm or $213/sqft).
Location & Neighborhood
The property is located at Fukuokashi Sawara Ku Hara 4 Choume 7-32 (福岡市早良区原4丁目7-32), Fukuoka, Japan. It is a 18-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.
Scale advantage: With 62 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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