Overview of Touwa Shiteihoomuzu Atsuta No Mori (藤和シティホームズ熱田の杜)
Touwa Shiteihoomuzu Atsuta No Mori (藤和シティホームズ熱田の杜) is a 28-year-old condominium located at Nagoyashi Atsuta Ku Yokota 2 Choume 406-2 (名古屋市熱田区横田2丁目406-2), Aichi, Japan. Built in 1998, it comprises 34 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,980〜2,998万円 (approx. $132,000–$199,867 USD at ¥150/$).
Unit sizes range from 71.9–84.7 sqm (774–912 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.6万/sqm (approx. $2,039/sqm or $189/sqft).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Yokota 2 Choume 406-2 (名古屋市熱田区横田2丁目406-2), Aichi, Japan. It is a 2-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 28 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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