Overview of Maikooto Hachiouji Kitano (マイコート八王子北野)
Maikooto Hachiouji Kitano (マイコート八王子北野) is a 31-year-old condominium located at Hachioujishi Uchikoshi Machi 2006-3 (八王子市打越町2006-3), Tokyo, Japan. Built in 1995, it comprises 68 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tanaka Kensetsu (田中建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 1,540〜3,499万円 (approx. $102,667–$233,267 USD at ¥150/$).
Unit sizes range from 64.3–72.0 sqm (692–775 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).
Estimated price per sqm: ¥45.6万/sqm (approx. $3,040/sqm or $282/sqft).
Location & Neighborhood
The property is located at Hachioujishi Uchikoshi Machi 2006-3 (八王子市打越町2006-3), Tokyo, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
Scale advantage: With 68 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.
Analyze this property's fair price and negotiation room for free at RE:public.