Overview of Yomogi Dai Paakuhoomuzu (よもぎ台パークホームズ)
Yomogi Dai Paakuhoomuzu (よもぎ台パークホームズ) is a 26-year-old condominium located at Nagoyashi Meitou Ku Yomogi Dai 3 Choume 902 (名古屋市名東区よもぎ台3丁目902), Aichi, Japan. Built in 2000, it comprises 68 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 2,280〜4,390万円 (approx. $152,000–$292,667 USD at ¥150/$).
Unit sizes range from 71.0–96.5 sqm (764–1039 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥49.5万/sqm (approx. $3,301/sqm or $307/sqft).
Location & Neighborhood
The property is located at Nagoyashi Meitou Ku Yomogi Dai 3 Choume 902 (名古屋市名東区よもぎ台3丁目902), Aichi, 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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 68 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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