Overview of Gurandeeji Ouji (グランデージ王寺)
Gurandeeji Ouji (グランデージ王寺) is a 29-year-old condominium located at Kitakatsuragi Gun'ou Teramachi Fujii 2 Choume 1-7 (北葛城郡王寺町藤井2丁目1-7), Nara, Japan. Built in 1997, it comprises 159 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten , Fujiki Koumuten (竹中工務店、 藤木工務店).
Pricing & Floor Plans
Based on 64 past listings, prices have ranged from 580〜1,690万円 (approx. $38,667–$112,667 USD at ¥150/$).
Unit sizes range from 68.8–94.9 sqm (741–1021 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥11.6万/sqm (approx. $772/sqm or $72/sqft).
Location & Neighborhood
The property is located at Kitakatsuragi Gun'ou Teramachi Fujii 2 Choume 1-7 (北葛城郡王寺町藤井2丁目1-7), Nara, Japan. It is a 8-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 159 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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