Overview of Oobarukooto Tachibana (オーバルコート立花)
Oobarukooto Tachibana (オーバルコート立花) is a 31-year-old condominium located at Sumidaku Tachibana 4 Choume 16-4 (墨田区立花4丁目16-4), Tokyo, Japan. Built in 1995, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Daitokougyou (大都工業).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,380〜6,980万円 (approx. $92,000–$465,333 USD at ¥150/$).
Unit sizes range from 26.5–95.3 sqm (285–1026 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥67.3万/sqm (approx. $4,486/sqm or $417/sqft).
Location & Neighborhood
The property is located at Sumidaku Tachibana 4 Choume 16-4 (墨田区立花4丁目16-4), Tokyo, Japan. It is a 6-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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