Overview of Moagureesu Ima Ise 3 (モアグレース今伊勢３)
Moagureesu Ima Ise 3 (モアグレース今伊勢３) is a 24-year-old condominium located at Ichinomiya Shi Ima Isechou Shinkoube Sato Ura 10 (一宮市今伊勢町新神戸郷浦10), Aichi, Japan. Built in 2002, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 880〜1,450万円 (approx. $58,667–$96,667 USD at ¥150/$).
Unit sizes range from 73.2–115.3 sqm (788–1241 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.6万/sqm (approx. $1,040/sqm or $97/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Ima Isechou Shinkoube Sato Ura 10 (一宮市今伊勢町新神戸郷浦10), 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 24 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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