Overview of Russhu Nishikouen (ルッシュ西公園)
Russhu Nishikouen (ルッシュ西公園) is a 36-year-old condominium located at Fukuokashi Chuuouku Arato 3 Choume 5-46 (福岡市中央区荒戸3丁目5-46), Fukuoka, Japan. Built in 1990, it comprises 23 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asano Kouji (浅野工事).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 3,698〜14,800万円 (approx. $246,533–$986,667 USD at ¥150/$).
Unit sizes range from 101.9–182.5 sqm (1097–1964 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥96.5万/sqm (approx. $6,431/sqm or $597/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Arato 3 Choume 5-46 (福岡市中央区荒戸3丁目5-46), Fukuoka, Japan. It is a 11-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.
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