Overview of Esupoa Oobu Momoyama Kouen (エスポア大府桃山公園)
Esupoa Oobu Momoyama Kouen (エスポア大府桃山公園) is a 29-year-old condominium located at Oobu Shi Momoyama Machi 3 Choume 325-1 (大府市桃山町3丁目325-1), Aichi, Japan. Built in 1997, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,680〜2,580万円 (approx. $112,000–$172,000 USD at ¥150/$).
Unit sizes range from 70.3–93.3 sqm (757–1004 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5LDK (5-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.9万/sqm (approx. $1,857/sqm or $173/sqft).
Location & Neighborhood
The property is located at Oobu Shi Momoyama Machi 3 Choume 325-1 (大府市桃山町3丁目325-1), Aichi, Japan. It is a 13-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 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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