Overview of Guriinpaaku Ouji (グリーンパーク王子)
Guriinpaaku Ouji (グリーンパーク王子) is a 42-year-old condominium located at Kitaku Horifune 3 Choume 16-1 (北区堀船3丁目16-1), Tokyo, Japan. Built in 1984, it comprises 97 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 77 past listings, prices have ranged from 1,680〜5,780万円 (approx. $112,000–$385,333 USD at ¥150/$).
Unit sizes range from 47.2–85.2 sqm (508–917 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3DK (3-bedroom w/ dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥66.7万/sqm (approx. $4,444/sqm or $413/sqft).
Location & Neighborhood
The property is located at Kitaku Horifune 3 Choume 16-1 (北区堀船3丁目16-1), Tokyo, 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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 97 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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