Overview of Paredooru Kuki 3 (パレドール久喜３)
Paredooru Kuki 3 (パレドール久喜３) is a 38-year-old condominium located at Kuki Shi Kuki Higashi 6 Choume 2-21 (久喜市久喜東6丁目2-21), Saitama, Japan. Built in 1988, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Dai Matsu Purehabu (大末プレハブ).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥12.8万/sqm (approx. $851/sqm or $79/sqft).
Location & Neighborhood
The property is located at Kuki Shi Kuki Higashi 6 Choume 2-21 (久喜市久喜東6丁目2-21), Saitama, Japan. It is a 14-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 38 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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