Overview of Paakuhoomuzu Hakuchou (パークホームズ白鳥)
Paakuhoomuzu Hakuchou (パークホームズ白鳥) is a 25-year-old condominium located at Nagoyashi Atsuta Ku Ichiban 3 Choume 4-15 (名古屋市熱田区一番3丁目4-15), Aichi, Japan. Built in 2001, it comprises 38 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 2,180〜3,780万円 (approx. $145,333–$252,000 USD at ¥150/$).
Unit sizes range from 78.7–90.5 sqm (847–974 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Ichiban 3 Choume 4-15 (名古屋市熱田区一番3丁目4-15), Aichi, Japan. It is a 9-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 25 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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