Overview of Esuriido Tenjin (エスリード天神)
Esuriido Tenjin (エスリード天神) is a 29-year-old condominium located at Fukuokashi Chuuouku Keigo 1 Choume 15-52 (福岡市中央区警固1丁目15-52), Fukuoka, Japan. Built in 1997, it comprises 38 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dai Matsu Kensetsu (大末建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 530〜800万円 (approx. $35,333–$53,333 USD at ¥150/$).
Unit sizes range from 22.2–25.0 sqm (239–269 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen).
Estimated price per sqm: ¥24.7万/sqm (approx. $1,647/sqm or $153/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Keigo 1 Choume 15-52 (福岡市中央区警固1丁目15-52), Fukuoka, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 29 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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