Overview of Paaseru Koganei (パーセル小金井)
Paaseru Koganei (パーセル小金井) is a 45-year-old condominium located at Koganeishi Honchou 1 Choume 3-1 (小金井市本町1丁目3-1), Tokyo, Japan. Built in 1981, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Toushin Kougyou (東神興業).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 980〜2,320万円 (approx. $65,333–$154,667 USD at ¥150/$).
Unit sizes range from 38.1–59.2 sqm (410–637 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).
Estimated price per sqm: ¥41.7万/sqm (approx. $2,777/sqm or $258/sqft).
Location & Neighborhood
The property is located at Koganeishi Honchou 1 Choume 3-1 (小金井市本町1丁目3-1), Tokyo, Japan. It is a 5-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 45 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.
Analyze this property's fair price and negotiation room for free at RE:public.