Overview of Sanriyan Hakataminami 3 (サンリヤン博多南３)
Sanriyan Hakataminami 3 (サンリヤン博多南３) is a 28-year-old condominium located at Nakagawa Ichimatsu Ki 1 Choume 30-1 (那珂川市松木1丁目30-1), Fukuoka, Japan. Built in 1998, it comprises 62 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,690〜3,780万円 (approx. $112,667–$252,000 USD at ¥150/$).
Unit sizes range from 80.1–92.3 sqm (862–994 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥41.2万/sqm (approx. $2,746/sqm or $255/sqft).
Location & Neighborhood
The property is located at Nakagawa Ichimatsu Ki 1 Choume 30-1 (那珂川市松木1丁目30-1), Fukuoka, 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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 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.
Analyze this property's fair price and negotiation room for free at RE:public.