Overview of Hairaaku Fuji Ekimae (ハイラーク富士駅前)
Hairaaku Fuji Ekimae (ハイラーク富士駅前) is a 45-year-old condominium located at Fujishi Mito Shimamoto Machi 17-1 (富士市水戸島元町17-1), Shizuoka, Japan. Built in 1981, it comprises 103 units in a Reinforced Concrete (RC) structure. It was constructed by Odakyuu Kensetsu , Inoue Kensetsu (小田急建設、 井上建設).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 480〜1,100万円 (approx. $32,000–$73,333 USD at ¥150/$).
Unit sizes range from 36.4–77.3 sqm (392–832 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥15.0万/sqm (approx. $1,001/sqm or $93/sqft).
Location & Neighborhood
The property is located at Fujishi Mito Shimamoto Machi 17-1 (富士市水戸島元町17-1), Shizuoka, Japan. It is a 5-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 103 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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