Overview of Meinohama Paakuhoomuzu (姪浜パークホームズ)
Meinohama Paakuhoomuzu (姪浜パークホームズ) is a 34-year-old condominium located at Fukuokashi Nishiku Atago Minami 2 Choume 8-25 (福岡市西区愛宕南2丁目8-25), Fukuoka, Japan. Built in 1992, it comprises 72 units in a Reinforced Concrete (RC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 1,270〜4,180万円 (approx. $84,667–$278,667 USD at ¥150/$).
Unit sizes range from 62.7–101.3 sqm (675–1090 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥50.5万/sqm (approx. $3,369/sqm or $313/sqft).
Location & Neighborhood
The property is located at Fukuokashi Nishiku Atago Minami 2 Choume 8-25 (福岡市西区愛宕南2丁目8-25), Fukuoka, 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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 72 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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