Overview of Serushiokooto Nisshin (セルシオコート日進)
Serushiokooto Nisshin (セルシオコート日進) is a 23-year-old condominium located at Nisshin Shi Sakae 4 Choume 603 (日進市栄4丁目603), Aichi, Japan. Built in 2003, it comprises 38 units in a Reinforced Concrete (RC) structure. It was constructed by Taiseikensetsu (大成建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 2,680〜3,980万円 (approx. $178,667–$265,333 USD at ¥150/$).
Unit sizes range from 98.7–111.5 sqm (1062–1200 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.1万/sqm (approx. $1,937/sqm or $180/sqft).
Location & Neighborhood
The property is located at Nisshin Shi Sakae 4 Choume 603 (日進市栄4丁目603), Aichi, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 23 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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