Overview of Asahi Puraza Keyaki Toori (朝日プラザ欅通)
Asahi Puraza Keyaki Toori (朝日プラザ欅通) is a 35-year-old condominium located at Akitashi Sannou 5 Choume 1-15 (秋田市山王5丁目1-15), Akita, Japan. Built in 1991, it comprises 66 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 278〜1,570万円 (approx. $18,533–$104,667 USD at ¥150/$).
Unit sizes range from 26.5–60.6 sqm (285–652 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥25.2万/sqm (approx. $1,678/sqm or $156/sqft).
Location & Neighborhood
The property is located at Akitashi Sannou 5 Choume 1-15 (秋田市山王5丁目1-15), Akita, Japan. It is a 4-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 66 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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