Overview of Emerarudomanshon Kusatsu Aoji 2 (エメラルドマンション草津青地２)
Emerarudomanshon Kusatsu Aoji 2 (エメラルドマンション草津青地２) is a 34-year-old condominium located at Kusatsu Shi Oiwake 1 Choume 8-34 (草津市追分1丁目8-34), Shiga, Japan. Built in 1992, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 890〜1,788万円 (approx. $59,333–$119,200 USD at ¥150/$).
Unit sizes range from 66.2–75.0 sqm (713–807 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.9万/sqm (approx. $1,393/sqm or $129/sqft).
Location & Neighborhood
The property is located at Kusatsu Shi Oiwake 1 Choume 8-34 (草津市追分1丁目8-34), Shiga, Japan. It is a 32-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 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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