Overview of Touwa Shiteikoopu Okachimachi (藤和シティコープ御徒町)
Touwa Shiteikoopu Okachimachi (藤和シティコープ御徒町) is a 34-year-old condominium located at Taitouku Taitou 3 Choume 18-7 (台東区台東3丁目18-7), Tokyo, Japan. Built in 1992, it comprises 19 units in a Reinforced Concrete (RC) structure. It was constructed by Nomura Kensetsu Kougyou (野村建設工業).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 2,850〜7,980万円 (approx. $190,000–$532,000 USD at ¥150/$).
Unit sizes range from 47.3–51.8 sqm (509–558 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2K (2-bedroom w/ kitchen).
Estimated price per sqm: ¥144.7万/sqm (approx. $9,643/sqm or $896/sqft).
Location & Neighborhood
The property is located at Taitouku Taitou 3 Choume 18-7 (台東区台東3丁目18-7), Tokyo, Japan. It is a 2-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 34 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.
Analyze this property's fair price and negotiation room for free at RE:public.