Overview of Ikoma Roiyarumanshon (生駒ロイヤルマンション)
Ikoma Roiyarumanshon (生駒ロイヤルマンション) is a 37-year-old condominium located at Ikomashi Tawara Kuchi Machi 1200-4 (生駒市俵口町1200-4), Nara, Japan. Built in 1989, it comprises 61 units in a Reinforced Concrete (RC) structure. It was constructed by Maeda Kensetsu Kougyou (前田建設工業).
Pricing & Floor Plans
Based on 51 past listings, prices have ranged from 520〜1,890万円 (approx. $34,667–$126,000 USD at ¥150/$).
Unit sizes range from 61.0–89.8 sqm (657–967 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-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: ¥18.3万/sqm (approx. $1,222/sqm or $114/sqft).
Location & Neighborhood
The property is located at Ikomashi Tawara Kuchi Machi 1200-4 (生駒市俵口町1200-4), Nara, Japan. It is a 15-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 61 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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