Overview of Higashimurayama Kita Paakuhoomuzu (東村山北パークホームズ)
Higashimurayama Kita Paakuhoomuzu (東村山北パークホームズ) is a 31-year-old condominium located at Higashimurayama Shi Kumegawa Machi 4 Choume 18-1 (東村山市久米川町4丁目18-1), Tokyo, Japan. Built in 1995, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Fujiki Koumuten (藤木工務店).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,780〜3,780万円 (approx. $118,667–$252,000 USD at ¥150/$).
Unit sizes range from 56.4–79.8 sqm (607–859 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: ¥47.7万/sqm (approx. $3,178/sqm or $295/sqft).
Location & Neighborhood
The property is located at Higashimurayama Shi Kumegawa Machi 4 Choume 18-1 (東村山市久米川町4丁目18-1), 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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