Jungnang-gu Myeonmok-dong 2.44 Billion Won Corner Building Transaction, Adjacent to Dongwon Market! Benefit from Myeonmok Public Support Private Rental Housing Supply District? (ft. Myeonmok Station, Second Class General Residential Zone)
A building located in Myeonmok-dong, Jungnang-gu, Seoul, near Dongwon Market and Myeonmok Station, was transacted for 2.44 billion Won, attracting attention from the real estate market. As if having discovered a 'rising star', its locational strengths adjacent to the Myeonmok Public Support Private Rental Housing Supply District and surrounding development boosts increase expectations for future value appreciation.
Myeonmok Station Small Building, 2.44 Billion Won Transaction... Is it Emerging as a Hot Spot for Old Downtown Investment?
In February 2025, the building at Myeonmok-dong, 100-30 was transacted for 2.44 billion Won. This building is a station area building located within walking distance of Myeonmok Station and is adjacent to Dongwon Market. This 3-story building was completed on September 28, 2000, and consists of a land area of 65.49 pyeong and a total floor area of 113.89 pyeong. Like 'cost-effective investment', a small building available at a reasonable price is enough to attract the attention of investors.
Key Features and Location Analysis:
- 2.44 Billion Won Transaction: Reasonable price
- Myeonmok Station Area: Convenient transportation environment
- Cost-Effective Investment: Potential for small investment
Adjacent to Dongwon Market, Abundant Living Infrastructure
This building is adjacent to Dongwon Market, allowing access to abundant living infrastructure. Dongwon Market is a traditional market closely related to the lives of local residents, where fresh groceries and various daily necessities can be purchased at reasonable prices. Furthermore, surrounding the area are concentrated living convenience facilities such as schools, hospitals, and banks, creating a pleasant residential environment. Like a 'good neighborhood to live in', Myeonmok-dong has convenient living infrastructure, making it a region with high resident satisfaction.
- Adjacent to Dongwon Market: Abundant living infrastructure
- Concentration of Living Convenience Facilities: Pleasant residential environment
- 'Good Neighborhood to Live In': High resident satisfaction
Myeonmok Public Support Private Rental Housing Supply District, Expected Increase in Future Value
The Myeonmok-dong area has been designated as a Public Support Private Rental Housing Supply District, and future improvements in the residential environment and real estate value appreciation are expected. This acts as an important factor that will further increase the future value of this building. As if catching the 'development tailwind', Myeonmok-dong is preparing to welcome new changes.
- Public Support Private Rental Housing Supply District: Development boost
- Improvement of Residential Environment: Good neighborhood to live in
- Expected Increase in Future Value: Potential for high investment returns
Investing in Small Buildings, The Importance of Expert Assistance
Investing in small buildings requires specialized knowledge and experience different from general apartment investment. Various factors such as surrounding development plans, rental yield, and future value must be comprehensively analyzed, and seeking assistance from a real estate expert is safe. Like a 'guide', a real estate expert plays a role in helping investors find the right path.
The building at Myeonmok-dong 100-30, Jungnang-gu, was sold in February 2025.
※ Transaction Details
- Location: Jungnang-gu Myeonmok-dong 100-30
- Subway Station: Myeonmok Station
- Transaction Date: February 2025
- Sale Price: 2.44 billion Won
- Land Price (Per Pyeong): 37.26 million Won
- Land Area: 65.49 pyeong (216.5㎡)
- Building Area (Total Floor Area): 113.89 pyeong (376.50㎡)
- Zoning District: Second Class General Residential Zone
- Floors: 3 stories above ground
- Road Condition: 6m*4m Corner
- Year of Completion: 2000.09.28
- Official Standard Land Price (공시지가): Approx. 13.67 million Won (Per Pyeong)
- Land Price Relative to Official Standard Price: Approx. 2.72 times