Overview of Esupowaaru Yanagawa 2 (エスポワール柳川２)
Esupowaaru Yanagawa 2 (エスポワール柳川２) is a 36-year-old condominium located at Yanagawa Ichizou Hashi Machi Toukichi 524-14 (柳川市三橋町藤吉524-14), Fukuoka, Japan. Built in 1990, it comprises 71 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 730〜1,290万円 (approx. $48,667–$86,000 USD at ¥150/$).
Unit sizes range from 58.1–85.3 sqm (625–918 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Yanagawa Ichizou Hashi Machi Toukichi 524-14 (柳川市三橋町藤吉524-14), Fukuoka, Japan. It is a 10-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 71 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.
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