Overview of Famiiru Hirabari (ファミール平針)
Famiiru Hirabari (ファミール平針) is a 30-year-old condominium located at Nagoyashi Tenhakuku Hirabari 5 Choume 803 (名古屋市天白区平針5丁目803), Aichi, Japan. Built in 1996, it comprises 18 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 1,680〜2,680万円 (approx. $112,000–$178,667 USD at ¥150/$).
Unit sizes range from 72.6–83.4 sqm (781–898 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: ¥31.1万/sqm (approx. $2,072/sqm or $192/sqft).
Location & Neighborhood
The property is located at Nagoyashi Tenhakuku Hirabari 5 Choume 803 (名古屋市天白区平針5丁目803), Aichi, Japan. It is a 8-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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