Overview of Famiriihaitsu Ookura Ichiban Kan (ファミリーハイツ大蔵壱番館)
Famiriihaitsu Ookura Ichiban Kan (ファミリーハイツ大蔵壱番館) is a 32-year-old condominium located at Kitakyuushuushi Yahatahigashi Ku Ookura 2 Choume 17-1 (北九州市八幡東区大蔵2丁目17-1), Fukuoka, Japan. Built in 1994, it comprises 49 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 890〜1,880万円 (approx. $59,333–$125,333 USD at ¥150/$).
Unit sizes range from 74.2–104.5 sqm (799–1125 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.9万/sqm (approx. $1,058/sqm or $98/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Yahatahigashi Ku Ookura 2 Choume 17-1 (北九州市八幡東区大蔵2丁目17-1), Fukuoka, Japan. It is a 27-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 32 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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