Overview of Yamatotakada Ribatei Hachiban Kan (大和高田リバティ八番館)
Yamatotakada Ribatei Hachiban Kan (大和高田リバティ八番館) is a 31-year-old condominium located at Yamatotakada Shi Tsuchi Ko 2 Choume 2-18 (大和高田市土庫2丁目2-18), Nara, Japan. Built in 1995, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 348〜890万円 (approx. $23,200–$59,333 USD at ¥150/$).
Unit sizes range from 58.9–60.4 sqm (634–650 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 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: ¥8.5万/sqm (approx. $564/sqm or $52/sqft).
Location & Neighborhood
The property is located at Yamatotakada Shi Tsuchi Ko 2 Choume 2-18 (大和高田市土庫2丁目2-18), Nara, 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 31 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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