Overview of Paakutaun Ootemachi (パークタウン大手町)
Paakutaun Ootemachi (パークタウン大手町) is a 40-year-old condominium located at Kitakyuushuushi Kokurakita Ku Ootemachi 16-1 , 2 (北九州市小倉北区大手町16-1、2), Fukuoka, Japan. Built in 1986, it comprises 77 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 550〜2,490万円 (approx. $36,667–$166,000 USD at ¥150/$).
Unit sizes range from 48.6–94.2 sqm (523–1014 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.5万/sqm (approx. $3,103/sqm or $288/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokurakita Ku Ootemachi 16-1 , 2 (北九州市小倉北区大手町16-1、2), Fukuoka, 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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 77 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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