Overview of Oogaki Airisu Ichiban Kan (大垣アイリス壱番館)
Oogaki Airisu Ichiban Kan (大垣アイリス壱番館) is a 35-year-old condominium located at Oogaki Shi Tawaramachi 146 (大垣市俵町146), Gifu, Japan. Built in 1991, it comprises 27 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toomen , Ichikawa Koumuten (トーメン、 市川工務店).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 400〜880万円 (approx. $26,667–$58,667 USD at ¥150/$).
Unit sizes range from 48.0–72.2 sqm (517–777 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥12.2万/sqm (approx. $813/sqm or $75/sqft).
Location & Neighborhood
The property is located at Oogaki Shi Tawaramachi 146 (大垣市俵町146), Gifu, Japan. It is a 13-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 35 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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