Overview of Paakuhaitsu Tsurumi (パークハイツ鶴見)
Paakuhaitsu Tsurumi (パークハイツ鶴見) is a 43-year-old condominium located at Yokohamashitsurumiku Asahi Machi 2 Choume 89 (横浜市鶴見区朝日町2丁目89), Kanagawa, Japan. Built in 1983, it comprises 378 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi , Mitsuikensetsu (熊谷組、 三井建設).
Pricing & Floor Plans
Based on 114 past listings, prices have ranged from 1,500〜3,980万円 (approx. $100,000–$265,333 USD at ¥150/$).
Unit sizes range from 65.9–81.7 sqm (709–879 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥39.3万/sqm (approx. $2,623/sqm or $244/sqft).
Location & Neighborhood
The property is located at Yokohamashitsurumiku Asahi Machi 2 Choume 89 (横浜市鶴見区朝日町2丁目89), Kanagawa, 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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 378 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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