Overview of Yamatokooriyama Ribatei Rokuban Kan (大和郡山リバティ六番館)
Yamatokooriyama Ribatei Rokuban Kan (大和郡山リバティ六番館) is a 33-year-old condominium located at Yamatokooriyama Shi Koizumi Machi 1283-4 (大和郡山市小泉町1283-4), Nara, Japan. Built in 1993, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Muramoto Kensetsu (村本建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 380〜780万円 (approx. $25,333–$52,000 USD at ¥150/$).
Unit sizes range from 26.3–56.8 sqm (283–611 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1DK (1-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥8.8万/sqm (approx. $587/sqm or $55/sqft).
Location & Neighborhood
The property is located at Yamatokooriyama Shi Koizumi Machi 1283-4 (大和郡山市小泉町1283-4), Nara, 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 33 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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