Overview of Paakuhausu Oohori (パークハウス大濠)
Paakuhausu Oohori (パークハウス大濠) is a 28-year-old condominium located at Fukuokashi Chuuouku Oohori 1 Choume 8-8 (福岡市中央区大濠1丁目8-8), Fukuoka, Japan. Built in 1998, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 4,200〜14,800万円 (approx. $280,000–$986,667 USD at ¥150/$).
Unit sizes range from 100.0–137.8 sqm (1076–1483 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥71.4万/sqm (approx. $4,761/sqm or $442/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Oohori 1 Choume 8-8 (福岡市中央区大濠1丁目8-8), Fukuoka, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 28 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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