Overview of Mizuho Kouen Minami Paakumanshon (瑞穂公園南パークマンション)
Mizuho Kouen Minami Paakumanshon (瑞穂公園南パークマンション) is a 42-year-old condominium located at Nagoyashi Mizuho Kushi Oka Machi 2 Choume 23 (名古屋市瑞穂区市丘町2丁目23), Aichi, Japan. Built in 1984, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 1,000〜2,180万円 (approx. $66,667–$145,333 USD at ¥150/$).
Unit sizes range from 56.8–92.6 sqm (611–997 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥17.8万/sqm (approx. $1,189/sqm or $110/sqft).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Kushi Oka Machi 2 Choume 23 (名古屋市瑞穂区市丘町2丁目23), Aichi, 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 42 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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