Overview of Kakamigahara 1 Ban Kan (各務原１番館)
Kakamigahara 1 Ban Kan (各務原１番館) is a 28-year-old condominium located at Kakamigahara Shi Unuma Kakamigahara Machi 2 Choume 210 (各務原市鵜沼各務原町2丁目210), Gifu, Japan. Built in 1998, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Tsuchiya Kumi (土屋組).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 980〜2,000万円 (approx. $65,333–$133,333 USD at ¥150/$).
Unit sizes range from 67.8–91.6 sqm (730–986 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5LDK (5-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.3万/sqm (approx. $1,555/sqm or $144/sqft).
Location & Neighborhood
The property is located at Kakamigahara Shi Unuma Kakamigahara Machi 2 Choume 210 (各務原市鵜沼各務原町2丁目210), Gifu, Japan. It is a 10-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 28 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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