Overview of Ribionnyuu Nakatsu Kuchi (リビオンニュー中津口)
Ribionnyuu Nakatsu Kuchi (リビオンニュー中津口) is a 45-year-old condominium located at Kitakyuushuushi Kokurakita Ku Nakatsu Kuchi 1 Choume 5-4 (北九州市小倉北区中津口1丁目5-4), Fukuoka, Japan. Built in 1981, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Iwata Kensetsu Kougyou (岩田建設工業).
Pricing & Floor Plans
Based on 4 past listings, prices have ranged from 430〜998万円 (approx. $28,667–$66,533 USD at ¥150/$).
Unit sizes range from 59.4–92.7 sqm (639–998 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kitakyuushuushi Kokurakita Ku Nakatsu Kuchi 1 Choume 5-4 (北九州市小倉北区中津口1丁目5-4), Fukuoka, Japan. It is a 11-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 45 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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