Overview of Daiaparesu Matsumoto Oote (ダイアパレス松本大手)
Daiaparesu Matsumoto Oote (ダイアパレス松本大手) is a 31-year-old condominium located at Matsumotoshi Oote 5 Choume 390-2 (松本市大手5丁目390-2), Nagano, Japan. Built in 1995, it comprises 117 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 38 past listings, prices have ranged from 880〜2,230万円 (approx. $58,667–$148,667 USD at ¥150/$).
Unit sizes range from 43.9–84.4 sqm (473–908 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 1SDK (1-bedroom w/ dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥19.0万/sqm (approx. $1,268/sqm or $118/sqft).
Location & Neighborhood
The property is located at Matsumotoshi Oote 5 Choume 390-2 (松本市大手5丁目390-2), Nagano, Japan. It is a 22-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 117 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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