Overview of Haimaato Iriya (ハイマート入谷)
Haimaato Iriya (ハイマート入谷) is a 41-year-old condominium located at Taitouku Shitaya 2 Choume 24-11 (台東区下谷2丁目24-11), Tokyo, Japan. Built in 1985, it comprises 114 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 66 past listings, prices have ranged from 1,050〜8,680万円 (approx. $70,000–$578,667 USD at ¥150/$).
Unit sizes range from 22.1–86.1 sqm (238–927 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥106.9万/sqm (approx. $7,129/sqm or $662/sqft).
Location & Neighborhood
The property is located at Taitouku Shitaya 2 Choume 24-11 (台東区下谷2丁目24-11), Tokyo, Japan. It is a 2-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 114 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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