Overview of Roorerukooto Gakuen Mae B Tou (ローレルコート学園前Ｂ棟)
Roorerukooto Gakuen Mae B Tou (ローレルコート学園前Ｂ棟) is a 40-year-old condominium located at Narashi Fuji No Mokudai 1 Choume 1-7 (奈良市藤ノ木台1丁目1-7), Nara, Japan. Built in 1986, it comprises 159 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi , Sumitomokensetsu (淺沼組、 住友建設).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 780〜1,690万円 (approx. $52,000–$112,667 USD at ¥150/$).
Unit sizes range from 79.9–94.2 sqm (860–1014 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.7万/sqm (approx. $1,181/sqm or $110/sqft).
Location & Neighborhood
The property is located at Narashi Fuji No Mokudai 1 Choume 1-7 (奈良市藤ノ木台1丁目1-7), Nara, Japan. It is a 6-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 159 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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