Overview of Raibutaun Fuji Ke Oka (ライブタウン藤ヶ丘)
Raibutaun Fuji Ke Oka (ライブタウン藤ヶ丘) is a 32-year-old condominium located at Nagakute Shijou Kawara 15-4 (長久手市上川原15-4), Aichi, Japan. Built in 1994, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,100〜2,999万円 (approx. $73,333–$199,933 USD at ¥150/$).
Unit sizes range from 67.8–81.2 sqm (730–874 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.7万/sqm (approx. $1,045/sqm or $97/sqft).
Location & Neighborhood
The property is located at Nagakute Shijou Kawara 15-4 (長久手市上川原15-4), Aichi, Japan. It is a 16-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 32 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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