Overview of Higashimurayama Paakuhoomuzu (東村山パークホームズ)
Higashimurayama Paakuhoomuzu (東村山パークホームズ) is a 35-year-old condominium located at Higashimurayama Shi Kumegawa Machi 3 Choume 29-27 (東村山市久米川町3丁目29-27), Tokyo, Japan. Built in 1991, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Fujiki Koumuten (藤木工務店).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 1,650〜2,980万円 (approx. $110,000–$198,667 USD at ¥150/$).
Unit sizes range from 56.5–82.8 sqm (608–891 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.3万/sqm (approx. $2,223/sqm or $206/sqft).
Location & Neighborhood
The property is located at Higashimurayama Shi Kumegawa Machi 3 Choume 29-27 (東村山市久米川町3丁目29-27), Tokyo, Japan. It is a 14-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 35 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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