Overview of Mizuho Kouen Paakuhoomuzu (瑞穂公園パークホームズ)
Mizuho Kouen Paakuhoomuzu (瑞穂公園パークホームズ) is a 29-year-old condominium located at Nagoyashi Mizuho Kushi Oka Machi 1 Choume 63 (名古屋市瑞穂区市丘町1丁目63), Aichi, Japan. Built in 1997, it comprises 21 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥36.2万/sqm (approx. $2,412/sqm or $224/sqft).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Kushi Oka Machi 1 Choume 63 (名古屋市瑞穂区市丘町1丁目63), Aichi, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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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