Overview of Kosumoteeru Ogoori Ni Ban Kan (コスモテール小郡弐番館)
Kosumoteeru Ogoori Ni Ban Kan (コスモテール小郡弐番館) is a 32-year-old condominium located at Ogoorishi Tera Fuku Warabe 496-11 (小郡市寺福童496-11), Fukuoka, Japan. Built in 1994, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Matsuo Kensetsu (松尾建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 730〜1,480万円 (approx. $48,667–$98,667 USD at ¥150/$).
Unit sizes range from 62.0–75.4 sqm (667–812 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: ¥17.5万/sqm (approx. $1,167/sqm or $108/sqft).
Location & Neighborhood
The property is located at Ogoorishi Tera Fuku Warabe 496-11 (小郡市寺福童496-11), Fukuoka, Japan. It is a 10-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 32 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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