Overview of Paakuhiruzu Sakurazaka Suteeji 1 (パークヒルズ櫻坂ステージ１)
Paakuhiruzu Sakurazaka Suteeji 1 (パークヒルズ櫻坂ステージ１) is a 33-year-old condominium located at Fukuokashi Chuuouku Sakurazaka 3 Choume 12-91 (福岡市中央区桜坂3丁目12-91), Fukuoka, Japan. Built in 1993, it comprises 69 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 3,180〜7,980万円 (approx. $212,000–$532,000 USD at ¥150/$).
Unit sizes range from 90.9–152.7 sqm (978–1644 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥48.9万/sqm (approx. $3,257/sqm or $303/sqft).
Location & Neighborhood
The property is located at Fukuokashi Chuuouku Sakurazaka 3 Choume 12-91 (福岡市中央区桜坂3丁目12-91), Fukuoka, Japan. It is a 5-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 69 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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