Overview of Eruviina Koufu 2 (エルヴィーナ甲府２)
Eruviina Koufu 2 (エルヴィーナ甲府２) is a 34-year-old condominium located at Koufushi Chuuou 5 Choume 3-18 (甲府市中央5丁目3-18), Yamanashi, Japan. Built in 1992, it comprises 21 units in a 鉄骨造 structure. It was constructed by Kajiwara Koumuten (梶原工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥16.0万/sqm (approx. $1,065/sqm or $99/sqft).
Location & Neighborhood
The property is located at Koufushi Chuuou 5 Choume 3-18 (甲府市中央5丁目3-18), Yamanashi, Japan. It is a 15-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 34 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.
Analyze this property's fair price and negotiation room for free at RE:public.