Overview of Marion Tsuyama 1 (マリオン津山１)
Marion Tsuyama 1 (マリオン津山１) is a 35-year-old condominium located at Tsuyama Ichiyama Kita 479-3 (津山市山北479-3), Okayama, Japan. Built in 1991, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Eiroku Kensetsu (永禄建設).
Pricing & Floor Plans
Based on 29 past listings, prices have ranged from 77〜180万円 (approx. $5,133–$12,000 USD at ¥150/$).
Unit sizes range from 17.3–20.8 sqm (186–224 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Location & Neighborhood
The property is located at Tsuyama Ichiyama Kita 479-3 (津山市山北479-3), Okayama, Japan. It is a 19-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 35 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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