Overview of Zasenchuriisuteitsu (ザセンチュリーステイツ)
Zasenchuriisuteitsu (ザセンチュリーステイツ) is a 27-year-old condominium located at Nagoyashi Higashiku Izumi 1 Choume 22-1 (名古屋市東区泉1丁目22-1), Aichi, Japan. Built in 1999, it comprises 125 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 92 past listings, prices have ranged from 2,380〜9,500万円 (approx. $158,667–$633,333 USD at ¥150/$).
Unit sizes range from 50.9–132.0 sqm (548–1421 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1SK (1-bedroom w/ kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1SSLDK (1-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥71.0万/sqm (approx. $4,737/sqm or $440/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Izumi 1 Choume 22-1 (名古屋市東区泉1丁目22-1), Aichi, Japan. It is a 3-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 125 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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