Overview of Fenikkusukooto Hitotsubashi Gakuen (フェニックスコート一橋学園)
Fenikkusukooto Hitotsubashi Gakuen (フェニックスコート一橋学園) is a 36-year-old condominium located at Kodairashi Gakuen Higashichou 2 Choume 9-28 (小平市学園東町2丁目9-28), Tokyo, Japan. Built in 1990, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 1,980〜4,180万円 (approx. $132,000–$278,667 USD at ¥150/$).
Unit sizes range from 81.3–86.7 sqm (875–933 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥41.5万/sqm (approx. $2,765/sqm or $257/sqft).
Location & Neighborhood
The property is located at Kodairashi Gakuen Higashichou 2 Choume 9-28 (小平市学園東町2丁目9-28), Tokyo, 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 36 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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