Overview of Daiaparesu Mitaka (ダイアパレス三鷹)
Daiaparesu Mitaka (ダイアパレス三鷹) is a 43-year-old condominium located at Mitakashi Shimorenjaku 3 Choume 41-11 (三鷹市下連雀3丁目41-11), Tokyo, Japan. Built in 1983, it comprises 86 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 800〜6,480万円 (approx. $53,333–$432,000 USD at ¥150/$).
Unit sizes range from 21.2–74.1 sqm (228–798 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥75.7万/sqm (approx. $5,047/sqm or $469/sqft).
Location & Neighborhood
The property is located at Mitakashi Shimorenjaku 3 Choume 41-11 (三鷹市下連雀3丁目41-11), 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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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