Overview of Neohaitsu Hara Minami (ネオハイツ原南)
Neohaitsu Hara Minami (ネオハイツ原南) is a 31-year-old condominium located at Fukuokashi Sawara Ku Jirou Maru 3 Choume 10-7 (福岡市早良区次郎丸3丁目10-7), Fukuoka, Japan. Built in 1995, it comprises 37 units in a Reinforced Concrete (RC) structure. It was constructed by Kyuu Tekkou Gyou (九鉄工業).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,480〜3,490万円 (approx. $98,667–$232,667 USD at ¥150/$).
Unit sizes range from 66.0–78.7 sqm (710–847 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Fukuokashi Sawara Ku Jirou Maru 3 Choume 10-7 (福岡市早良区次郎丸3丁目10-7), Fukuoka, Japan. It is a 3-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 31 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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