Overview of Kyatorusezon Iwakura (キャトルセゾン岩倉)
Kyatorusezon Iwakura (キャトルセゾン岩倉) is a 37-year-old condominium located at Iwakura Shi Sakaemachi 1 Choume 55 (岩倉市栄町1丁目55), Aichi, Japan. Built in 1989, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Dai A Kensetsu (大亜建設).
Pricing & Floor Plans
Based on 6 past listings, prices have ranged from 1,100〜1,799万円 (approx. $73,333–$119,933 USD at ¥150/$).
Unit sizes range from 75.4–76.7 sqm (812–826 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Iwakura Shi Sakaemachi 1 Choume 55 (岩倉市栄町1丁目55), Aichi, Japan. It is a 4-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 37 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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