Overview of Touwa Shiteikoopu Toride (藤和シティコープ取手)
Touwa Shiteikoopu Toride (藤和シティコープ取手) is a 35-year-old condominium located at Toride Shi Terada 3817-1 (取手市寺田3817-1), Ibaraki, Japan. Built in 1991, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Yamada Kensetsu , Asanuma Kumi (山田建設、 浅沼組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 580〜1,280万円 (approx. $38,667–$85,333 USD at ¥150/$).
Unit sizes range from 62.5–70.9 sqm (673–763 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.9万/sqm (approx. $1,063/sqm or $99/sqft).
Location & Neighborhood
The property is located at Toride Shi Terada 3817-1 (取手市寺田3817-1), Ibaraki, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 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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