Overview of Paakuhaimu Setagayadaita (パークハイム世田谷代田)
Paakuhaimu Setagayadaita (パークハイム世田谷代田) is a 26-year-old condominium located at Setagayaku Shirota 3 Choume 8-18 (世田谷区代田3丁目8-18), Tokyo, Japan. Built in 2000, it comprises 21 units in a Reinforced Concrete (RC) structure. It was constructed by Tobishima Kensetsu (飛島建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 4,750〜8,990万円 (approx. $316,667–$599,333 USD at ¥150/$).
Unit sizes range from 67.9–89.8 sqm (731–967 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Setagayaku Shirota 3 Choume 8-18 (世田谷区代田3丁目8-18), Tokyo, Japan. It is a 10-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 26 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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