Overview of Yamato Minami Paakuhoomuzu (大和南パークホームズ)
Yamato Minami Paakuhoomuzu (大和南パークホームズ) is a 36-year-old condominium located at Yamatoshi Kusayanagi 2 Choume 20-2 (大和市草柳2丁目20-2), Kanagawa, Japan. Built in 1990, it comprises 31 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 54 past listings, prices have ranged from 1,080〜2,180万円 (approx. $72,000–$145,333 USD at ¥150/$).
Unit sizes range from 57.2–82.7 sqm (616–890 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥28.1万/sqm (approx. $1,871/sqm or $174/sqft).
Location & Neighborhood
The property is located at Yamatoshi Kusayanagi 2 Choume 20-2 (大和市草柳2丁目20-2), Kanagawa, Japan. It is a 13-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 36 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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