Overview of Emerarudomanshon Makiyama (エメラルドマンション牧山)
Emerarudomanshon Makiyama (エメラルドマンション牧山) is a 47-year-old condominium located at Kitakyuushuushi Kohata Ku Makiyama Shinmachi 7-25 , 29 , 32 (北九州市戸畑区牧山新町7-25,29,32), Fukuoka, Japan. Built in 1979, it comprises 90 units in a Reinforced Concrete (RC) structure. It was constructed by Kawaguchi Koumuten (川口工務店).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 135〜998万円 (approx. $9,000–$66,533 USD at ¥150/$).
Unit sizes range from 62.1–92.7 sqm (668–998 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5DK (5-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥3.6万/sqm (approx. $239/sqm or $22/sqft).
Location & Neighborhood
The property is located at Kitakyuushuushi Kohata Ku Makiyama Shinmachi 7-25 , 29 , 32 (北九州市戸畑区牧山新町7-25,29,32), Fukuoka, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1979, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 47 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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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