Overview of Asahi Purazaezaasu Yamagata Chuuou 2 (朝日プラザエザース山形中央２)
Asahi Purazaezaasu Yamagata Chuuou 2 (朝日プラザエザース山形中央２) is a 34-year-old condominium located at Yamagatashi Tookamachi 4 Choume 7-42 (山形市十日町4丁目7-42), Yamagata, Japan. Built in 1992, it comprises 62 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥13.1万/sqm (approx. $876/sqm or $81/sqft).
Location & Neighborhood
The property is located at Yamagatashi Tookamachi 4 Choume 7-42 (山形市十日町4丁目7-42), Yamagata, 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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 62 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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