Overview of Tookanmanshon Senshuu Ya Ryuu Machi (トーカンマンション千秋矢留町)
Tookanmanshon Senshuu Ya Ryuu Machi (トーカンマンション千秋矢留町) is a 29-year-old condominium located at Akitashi Senshuu Ya Ryuu Machi 10-1 (秋田市千秋矢留町10-1), Akita, Japan. Built in 1997, it comprises 30 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,280〜1,980万円 (approx. $85,333–$132,000 USD at ¥150/$).
Unit sizes range from 82.7–87.3 sqm (890–940 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: ¥21.5万/sqm (approx. $1,433/sqm or $133/sqft).
Location & Neighborhood
The property is located at Akitashi Senshuu Ya Ryuu Machi 10-1 (秋田市千秋矢留町10-1), Akita, Japan. It is a 19-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 29 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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