Overview of Chiryuu Paakuhoomuzu (知立パークホームズ)
Chiryuu Paakuhoomuzu (知立パークホームズ) is a 28-year-old condominium located at Chiryuushi Nakamachi Naka 132 (知立市中町中132), Aichi, Japan. Built in 1998, it comprises 34 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu , Toure Kensetsu , Chuuichi Kensetsu Kougyou (三井建設、 東レ建設、 中一建設工業).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,880〜2,880万円 (approx. $125,333–$192,000 USD at ¥150/$).
Unit sizes range from 72.0–86.8 sqm (775–934 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Chiryuushi Nakamachi Naka 132 (知立市中町中132), Aichi, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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.
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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