Overview of Nishinomiya Higashi Paakumanshon (西宮東パークマンション)
Nishinomiya Higashi Paakumanshon (西宮東パークマンション) is a 41-year-old condominium located at Nishinomiyashi You Umi Machi 1-31 (西宮市用海町1-31), Hyogo, Japan. Built in 1985, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,600〜2,998万円 (approx. $106,667–$199,867 USD at ¥150/$).
Unit sizes range from 72.0–73.2 sqm (775–788 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.8万/sqm (approx. $2,719/sqm or $253/sqft).
Location & Neighborhood
The property is located at Nishinomiyashi You Umi Machi 1-31 (西宮市用海町1-31), Hyogo, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 41 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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