Overview of Ebaaraifu Shin Iizuka (エバーライフ新飯塚)
Ebaaraifu Shin Iizuka (エバーライフ新飯塚) is a 25-year-old condominium located at Iizukashi Shin Iizuka 19-17 (飯塚市新飯塚19-17), Fukuoka, Japan. Built in 2001, it comprises 77 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,300〜2,190万円 (approx. $86,667–$146,000 USD at ¥150/$).
Unit sizes range from 75.1–112.0 sqm (808–1206 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.2万/sqm (approx. $1,281/sqm or $119/sqft).
Location & Neighborhood
The property is located at Iizukashi Shin Iizuka 19-17 (飯塚市新飯塚19-17), Fukuoka, 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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 77 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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