Overview of Foresutoparesu Oota (フォレストパレス太田)
Foresutoparesu Oota (フォレストパレス太田) is a 34-year-old condominium located at Ootashi Takabayashi Minamimachi 857-1 (太田市高林南町857-1), Gunma, Japan. Built in 1992, it comprises 56 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 480〜850万円 (approx. $32,000–$56,667 USD at ¥150/$).
Unit sizes range from 51.3–56.0 sqm (552–603 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥11.2万/sqm (approx. $749/sqm or $70/sqft).
Location & Neighborhood
The property is located at Ootashi Takabayashi Minamimachi 857-1 (太田市高林南町857-1), Gunma, Japan. It is a 49-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 56 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.
Analyze this property's fair price and negotiation room for free at RE:public.