Overview of Itoopia Tama Nagayama Paakurejidensu (イトーピア多摩永山パークレジデンス)
Itoopia Tama Nagayama Paakurejidensu (イトーピア多摩永山パークレジデンス) is a 29-year-old condominium located at Tamashi Nagayama 1 Choume 11-2 (多摩市永山1丁目11-2), Tokyo, Japan. Built in 1997, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 2,100〜4,580万円 (approx. $140,000–$305,333 USD at ¥150/$).
Unit sizes range from 57.5–84.8 sqm (619–913 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: ¥49.7万/sqm (approx. $3,313/sqm or $308/sqft).
Location & Neighborhood
The property is located at Tamashi Nagayama 1 Choume 11-2 (多摩市永山1丁目11-2), 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 29 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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