Overview of Kasugabaru Paakuhoomuzu (春日原パークホームズ)
Kasugabaru Paakuhoomuzu (春日原パークホームズ) is a 34-year-old condominium located at Oonojou Shi Tsutsui 3 Choume 12-27 (大野城市筒井3丁目12-27), Fukuoka, Japan. Built in 1992, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kumi (佐藤組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥28.1万/sqm (approx. $1,875/sqm or $174/sqft).
Location & Neighborhood
The property is located at Oonojou Shi Tsutsui 3 Choume 12-27 (大野城市筒井3丁目12-27), Fukuoka, Japan. It is a 10-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 34 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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