Overview of Emeroodo Kanzeon Tera (エメロード観世音寺)
Emeroodo Kanzeon Tera (エメロード観世音寺) is a 30-year-old condominium located at Dazaifu Shi Kanzeon Tera 1 Choume 5-23 (太宰府市観世音寺1丁目5-23), Fukuoka, Japan. Built in 1996, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Kyouwa Kensetsu (共和建設).
Pricing & Floor Plans
Based on 12 past listings, prices have ranged from 1,580〜1,980万円 (approx. $105,333–$132,000 USD at ¥150/$).
Unit sizes range from 76.3–90.1 sqm (821–970 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: ¥23.1万/sqm (approx. $1,539/sqm or $143/sqft).
Location & Neighborhood
The property is located at Dazaifu Shi Kanzeon Tera 1 Choume 5-23 (太宰府市観世音寺1丁目5-23), Fukuoka, Japan. It is a 9-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 30 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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