Overview of Hakataeki Higashi Paakuhoomuzu (博多駅東パークホームズ)
Hakataeki Higashi Paakuhoomuzu (博多駅東パークホームズ) is a 30-year-old condominium located at Fukuokashi Hakataku Kamimuta 1 Choume 24-30 (福岡市博多区上牟田1丁目24-30), Fukuoka, Japan. Built in 1996, it comprises 96 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 1,280〜3,280万円 (approx. $85,333–$218,667 USD at ¥150/$).
Unit sizes range from 60.5–76.2 sqm (651–820 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.7万/sqm (approx. $3,116/sqm or $289/sqft).
Location & Neighborhood
The property is located at Fukuokashi Hakataku Kamimuta 1 Choume 24-30 (福岡市博多区上牟田1丁目24-30), Fukuoka, 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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 96 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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