Overview of Kokubunji Paakuhausu (国分寺パークハウス)
Kokubunji Paakuhausu (国分寺パークハウス) is a 28-year-old condominium located at Kokubunjishi Nishimoto Machi 1 Choume 1-20 (国分寺市西元町1丁目1-20), Tokyo, Japan. Built in 1998, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 4,250〜6,180万円 (approx. $283,333–$412,000 USD at ¥150/$).
Unit sizes range from 73.2–77.1 sqm (788–830 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kokubunjishi Nishimoto Machi 1 Choume 1-20 (国分寺市西元町1丁目1-20), Tokyo, Japan. It is a 10-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 28 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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