Overview of Toramaru Shinyou Manshon (虎丸信用マンション)
Toramaru Shinyou Manshon (虎丸信用マンション) is a 41-year-old condominium located at Kouriyama Shi Toramaru Machi 2-3 (郡山市虎丸町2-3), Fukushima, Japan. Built in 1985, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Shinyou Kensetsu (信用建設).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 150〜1,200万円 (approx. $10,000–$80,000 USD at ¥150/$).
Unit sizes range from 39.0–67.9 sqm (420–731 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2K (2-bedroom w/ kitchen), 4DK (4-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥10.3万/sqm (approx. $685/sqm or $64/sqft).
Location & Neighborhood
The property is located at Kouriyama Shi Toramaru Machi 2-3 (郡山市虎丸町2-3), Fukushima, Japan. It is a 12-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 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.
Analyze this property's fair price and negotiation room for free at RE:public.