Overview of Nakano Maatorukooto (中野マートルコート)
Nakano Maatorukooto (中野マートルコート) is a 45-year-old condominium located at Nakanoku Nakano 1 Choume 54-4 (中野区中野1丁目54-4), Tokyo, Japan. Built in 1981, it comprises 11 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 4,280〜8,980万円 (approx. $285,333–$598,667 USD at ¥150/$).
Unit sizes range from 76.7–103.1 sqm (826–1110 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥91.7万/sqm (approx. $6,111/sqm or $568/sqft).
Location & Neighborhood
The property is located at Nakanoku Nakano 1 Choume 54-4 (中野区中野1丁目54-4), Tokyo, Japan. It is a 9-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 45 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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