Overview of Daini Aoba Manshon (第２青葉マンション)
Daini Aoba Manshon (第２青葉マンション) is a 43-year-old condominium located at Yonago Shi Yonehara 2 Choume 3-15 (米子市米原2丁目3-15), Tottori, Japan. Built in 1983, it comprises 40 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥11.5万/sqm (approx. $767/sqm or $71/sqft).
Location & Neighborhood
The property is located at Yonago Shi Yonehara 2 Choume 3-15 (米子市米原2丁目3-15), Tottori, Japan. It is a 8-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 43 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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