Overview of Reinboo Oobu Momoyama (レインボー大府桃山)
Reinboo Oobu Momoyama (レインボー大府桃山) is a 39-year-old condominium located at Oobu Shi Momoyama Machi 1 Choume 65-1 (大府市桃山町1丁目65-1), Aichi, Japan. Built in 1987, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 1,100〜2,990万円 (approx. $73,333–$199,333 USD at ¥150/$).
Unit sizes range from 70.6–91.9 sqm (760–989 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.1万/sqm (approx. $2,141/sqm or $199/sqft).
Location & Neighborhood
The property is located at Oobu Shi Momoyama Machi 1 Choume 65-1 (大府市桃山町1丁目65-1), Aichi, Japan. It is a 20-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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