Overview of Gureisumanshon Kasuga 2 (グレイスマンション春日２)
Gureisumanshon Kasuga 2 (グレイスマンション春日２) is a 31-year-old condominium located at Kasugashi Ichi No Tani 5 Choume 19 (春日市一の谷5丁目19), Fukuoka, Japan. Built in 1995, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 998〜2,098万円 (approx. $66,533–$139,867 USD at ¥150/$).
Unit sizes range from 63.1–102.5 sqm (679–1103 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.7万/sqm (approx. $1,713/sqm or $159/sqft).
Location & Neighborhood
The property is located at Kasugashi Ichi No Tani 5 Choume 19 (春日市一の谷5丁目19), Fukuoka, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 31 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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