Overview of Maehara Paakuhoomuzu (前原パークホームズ)
Maehara Paakuhoomuzu (前原パークホームズ) is a 32-year-old condominium located at Ito Shima Shi Hatae Eki Kita 3 Choume 22-23 (糸島市波多江駅北3丁目22-23), Fukuoka, Japan. Built in 1994, it comprises 37 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 48 past listings, prices have ranged from 990〜2,399万円 (approx. $66,000–$159,933 USD at ¥150/$).
Unit sizes range from 58.1–72.5 sqm (625–780 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.3万/sqm (approx. $1,819/sqm or $169/sqft).
Location & Neighborhood
The property is located at Ito Shima Shi Hatae Eki Kita 3 Choume 22-23 (糸島市波多江駅北3丁目22-23), Fukuoka, Japan. It is a 8-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 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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