Overview of M J R Dazaifu (ＭＪＲ太宰府)
M J R Dazaifu (ＭＪＲ太宰府) is a 23-year-old condominium located at Dazaifu Shi Sakamoto 2 Choume 5-2 (太宰府市坂本2丁目5-2), Fukuoka, Japan. Built in 2003, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Eesu Kensetsu (エース建設).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 1,800〜2,980万円 (approx. $120,000–$198,667 USD at ¥150/$).
Unit sizes range from 85.0–110.8 sqm (915–1193 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Dazaifu Shi Sakamoto 2 Choume 5-2 (太宰府市坂本2丁目5-2), Fukuoka, Japan. It is a 7-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 23 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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