Overview of Kosumo Maehara (コスモ前原)
Kosumo Maehara (コスモ前原) is a 34-year-old condominium located at Ito Shima Shi Hatae Eki Kita 2 Choume 7-1 (糸島市波多江駅北2丁目7-1), Fukuoka, Japan. Built in 1992, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Heisei Kensetsu (平成建設).
Pricing & Floor Plans
Based on 33 past listings, prices have ranged from 800〜1,998万円 (approx. $53,333–$133,200 USD at ¥150/$).
Unit sizes range from 63.9–81.3 sqm (688–875 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.0万/sqm (approx. $1,933/sqm or $180/sqft).
Location & Neighborhood
The property is located at Ito Shima Shi Hatae Eki Kita 2 Choume 7-1 (糸島市波多江駅北2丁目7-1), Fukuoka, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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.
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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