Overview of Kurio Meguro Ramoodo (クリオ目黒ラモード)
Kurio Meguro Ramoodo (クリオ目黒ラモード) is a 23-year-old condominium located at Meguroku Nakamachi 1 Choume 26-3 (目黒区中町1丁目26-3), Tokyo, Japan. Built in 2003, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Fukuda Kumi , Oyanagi Kensetsu (福田組、 小柳建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 3,390〜8,280万円 (approx. $226,000–$552,000 USD at ¥150/$).
Unit sizes range from 41.3–57.7 sqm (445–621 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥135.1万/sqm (approx. $9,007/sqm or $837/sqft).
Location & Neighborhood
The property is located at Meguroku Nakamachi 1 Choume 26-3 (目黒区中町1丁目26-3), Tokyo, Japan. It is a 16-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 23 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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