Overview of Sanhausu Atsuta (サンハウス熱田)
Sanhausu Atsuta (サンハウス熱田) is a 28-year-old condominium located at Nagoyashi Atsuta Ku Akenochou 9-20 (名古屋市熱田区明野町9-20), Aichi, Japan. Built in 1998, it comprises 87 units in a Reinforced Concrete (RC) structure. It was constructed by Kuni Kensetsu , Katou Kensetsu (六合建設、 加藤建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,680〜2,999万円 (approx. $112,000–$199,933 USD at ¥150/$).
Unit sizes range from 71.2–88.6 sqm (766–954 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: ¥31.4万/sqm (approx. $2,093/sqm or $194/sqft).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Akenochou 9-20 (名古屋市熱田区明野町9-20), Aichi, Japan. It is a 12-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
Scale advantage: With 87 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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