Overview of Moagureesu Waku Iri 3 (モアグレース枠杁３)
Moagureesu Waku Iri 3 (モアグレース枠杁３) is a 26-year-old condominium located at Ichinomiya Shi Waku Iri Machi 3 Choume 7 (一宮市枠杁町3丁目7), Aichi, Japan. Built in 2000, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Matsui Kensetsu (松井建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,100〜2,680万円 (approx. $73,333–$178,667 USD at ¥150/$).
Unit sizes range from 67.1–93.0 sqm (722–1001 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.7万/sqm (approx. $1,447/sqm or $134/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Waku Iri Machi 3 Choume 7 (一宮市枠杁町3丁目7), Aichi, Japan. It is a 27-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 26 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.
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