Overview of Raionzumanshon Atsuta Jinguu Kouen (ライオンズマンション熱田神宮公園)
Raionzumanshon Atsuta Jinguu Kouen (ライオンズマンション熱田神宮公園) is a 38-year-old condominium located at Nagoyashi Atsuta Ku Tama No Imachi 1-1 (名古屋市熱田区玉の井町1-1), Aichi, Japan. Built in 1988, it comprises 43 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 298〜780万円 (approx. $19,867–$52,000 USD at ¥150/$).
Unit sizes range from 18.9–37.8 sqm (203–407 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 2K (2-bedroom w/ kitchen), 1R (Studio), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥21.1万/sqm (approx. $1,407/sqm or $131/sqft).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Tama No Imachi 1-1 (名古屋市熱田区玉の井町1-1), Aichi, 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 38 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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