Overview of Saapasu Touseki Kawa (サーパス東石川)
Saapasu Touseki Kawa (サーパス東石川) is a 23-year-old condominium located at Hitachinaka Shi Touseki Kawa 1286 (ひたちなか市東石川1286), Ibaraki, Japan. Built in 2003, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Anabuki Koumuten (穴吹工務店).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,380〜1,950万円 (approx. $92,000–$130,000 USD at ¥150/$).
Unit sizes range from 65.3–93.7 sqm (703–1009 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.0万/sqm (approx. $1,799/sqm or $167/sqft).
Location & Neighborhood
The property is located at Hitachinaka Shi Touseki Kawa 1286 (ひたちなか市東石川1286), Ibaraki, Japan. It is a 20-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 23 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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