Overview of Rowaarumanshon Wajiro 2 (ロワールマンション和白２)
Rowaarumanshon Wajiro 2 (ロワールマンション和白２) is a 36-year-old condominium located at Fukuokashi Higashiku Mitoma 4 Choume 1-20 (福岡市東区三苫4丁目1-20), Fukuoka, Japan. Built in 1990, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Hashizume Koumuten (橋詰工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥19.6万/sqm (approx. $1,305/sqm or $121/sqft).
Location & Neighborhood
The property is located at Fukuokashi Higashiku Mitoma 4 Choume 1-20 (福岡市東区三苫4丁目1-20), Fukuoka, Japan. It is a 11-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 36 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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