Overview of Itoopia Nada K I T A N O (イトーピア灘ＫＩＴＡＮＯ)
Itoopia Nada K I T A N O (イトーピア灘ＫＩＴＡＮＯ) is a 41-year-old condominium located at Koubeshi Nadaku Iwaya Kitamachi 5 Choume 1-21 (神戸市灘区岩屋北町5丁目1-21), Hyogo, Japan. Built in 1985, it comprises 76 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 1,550〜2,960万円 (approx. $103,333–$197,333 USD at ¥150/$).
Unit sizes range from 57.7–62.0 sqm (621–667 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥48.0万/sqm (approx. $3,202/sqm or $297/sqft).
Location & Neighborhood
The property is located at Koubeshi Nadaku Iwaya Kitamachi 5 Choume 1-21 (神戸市灘区岩屋北町5丁目1-21), Hyogo, 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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 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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