Overview of Furekkusumanshon Oogaki (フレックスマンション大垣)
Furekkusumanshon Oogaki (フレックスマンション大垣) is a 27-year-old condominium located at Oogaki Ichizou Tsuka Machi 973-1 (大垣市三塚町973-1), Gifu, Japan. Built in 1999, it comprises 21 units in a Reinforced Concrete (RC) structure. It was constructed by Kuwahara Kumi (桑原組).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,190〜1,980万円 (approx. $79,333–$132,000 USD at ¥150/$).
Unit sizes range from 68.7–86.3 sqm (739–929 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).
Estimated price per sqm: ¥16.5万/sqm (approx. $1,100/sqm or $102/sqft).
Location & Neighborhood
The property is located at Oogaki Ichizou Tsuka Machi 973-1 (大垣市三塚町973-1), Gifu, Japan. It is a 18-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 27 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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