Overview of Neogurande Oobayashi (ネオグランデ大林)
Neogurande Oobayashi (ネオグランデ大林) is a 25-year-old condominium located at Toyotashi Miyuki Honchou 7 Choume 305-1 (豊田市御幸本町7丁目305-1), Aichi, Japan. Built in 2001, it comprises 67 units in a Reinforced Concrete (RC) structure. It was constructed by Zenidaka Kumi (錢高組).
Pricing & Floor Plans
Based on 51 past listings, prices have ranged from 1,190〜2,598万円 (approx. $79,333–$173,200 USD at ¥150/$).
Unit sizes range from 69.0–95.2 sqm (743–1025 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).
Estimated price per sqm: ¥22.5万/sqm (approx. $1,501/sqm or $139/sqft).
Location & Neighborhood
The property is located at Toyotashi Miyuki Honchou 7 Choume 305-1 (豊田市御幸本町7丁目305-1), Aichi, Japan. It is a 9-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 67 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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