Overview of Marion Kohara (マリオン小原)
Marion Kohara (マリオン小原) is a 34-year-old condominium located at Tsuyama Shi Kohara 71-1 (津山市小原71-1), Okayama, Japan. Built in 1992, it comprises 50 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 690〜1,280万円 (approx. $46,000–$85,333 USD at ¥150/$).
Unit sizes range from 59.4–85.4 sqm (639–919 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Tsuyama Shi Kohara 71-1 (津山市小原71-1), Okayama, Japan. It is a 36-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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.
Analyze this property's fair price and negotiation room for free at RE:public.