Overview of Forutekooto Isesaki (フォルテコート伊勢崎)
Forutekooto Isesaki (フォルテコート伊勢崎) is a 24-year-old condominium located at Isesaki Shi Honchou 19-9 (伊勢崎市本町19-9), Gunma, Japan. Built in 2002, it comprises 30 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 1,150〜1,980万円 (approx. $76,667–$132,000 USD at ¥150/$).
Unit sizes range from 67.4–85.8 sqm (725–924 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.6万/sqm (approx. $1,505/sqm or $140/sqft).
Location & Neighborhood
The property is located at Isesaki Shi Honchou 19-9 (伊勢崎市本町19-9), Gunma, Japan. It is a 11-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 24 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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