Overview of Oota Rejidensu (太田レジデンス)
Oota Rejidensu (太田レジデンス) is a 44-year-old condominium located at Ootashi Higashihonmachi 53-10 (太田市東本町53-10), Gunma, Japan. Built in 1982, it comprises 0 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 150〜580万円 (approx. $10,000–$38,667 USD at ¥150/$).
Unit sizes range from 46.9–70.6 sqm (505–760 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥5.9万/sqm (approx. $394/sqm or $37/sqft).
Location & Neighborhood
The property is located at Ootashi Higashihonmachi 53-10 (太田市東本町53-10), Gunma, 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 44 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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