Overview of Gurandomezon Yamatokooriyama (グランドメゾン大和郡山)
Gurandomezon Yamatokooriyama (グランドメゾン大和郡山) is a 38-year-old condominium located at Yamatokooriyama Shi Takada Machi 2-1 (大和郡山市高田町2-1), Nara, Japan. Built in 1988, it comprises 62 units in a Reinforced Concrete (RC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥29.7万/sqm (approx. $1,979/sqm or $184/sqft).
Location & Neighborhood
The property is located at Yamatokooriyama Shi Takada Machi 2-1 (大和郡山市高田町2-1), Nara, Japan. It is a 1-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 38 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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