Overview of Karumu Nogata (カルム野方)
Karumu Nogata (カルム野方) is a 28-year-old condominium located at Nakanoku Yamatochou 2 Choume 7-3 (中野区大和町2丁目7-3), Tokyo, Japan. Built in 1998, it comprises 54 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Marubeni Kensetsu (丸紅建設).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 3,480〜6,999万円 (approx. $232,000–$466,600 USD at ¥150/$).
Unit sizes range from 66.9–72.0 sqm (720–775 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), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥99.3万/sqm (approx. $6,617/sqm or $615/sqft).
Location & Neighborhood
The property is located at Nakanoku Yamatochou 2 Choume 7-3 (中野区大和町2丁目7-3), Tokyo, Japan. It is a 5-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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