Overview of Paakuhoomuzu Mizuho Kitahara (パークホームズ瑞穂北原)
Paakuhoomuzu Mizuho Kitahara (パークホームズ瑞穂北原) is a 23-year-old condominium located at Nagoyashi Mizuho Ku Kitahara Machi 3 Choume 10 (名古屋市瑞穂区北原町3丁目10), Aichi, Japan. Built in 2003, it comprises 47 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 1,680〜3,580万円 (approx. $112,000–$238,667 USD at ¥150/$).
Unit sizes range from 78.6–96.5 sqm (846–1039 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.1万/sqm (approx. $2,210/sqm or $205/sqft).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Kitahara Machi 3 Choume 10 (名古屋市瑞穂区北原町3丁目10), Aichi, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 23 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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