Overview of Gurooriasu Nisshin Iwasaki Dai (グローリアス日進岩崎台)
Gurooriasu Nisshin Iwasaki Dai (グローリアス日進岩崎台) is a 30-year-old condominium located at Nisshin Shi Iwasaki Machi Ashi Hazama 94-5 (日進市岩崎町芦廻間94-5), Aichi, Japan. Built in 1996, it comprises 24 units in a Reinforced Concrete (RC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 6 past listings, prices have ranged from 1,380〜1,600万円 (approx. $92,000–$106,667 USD at ¥150/$).
Unit sizes range from 75.3–75.3 sqm (811–811 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 Nisshin Shi Iwasaki Machi Ashi Hazama 94-5 (日進市岩崎町芦廻間94-5), Aichi, Japan. It is a 65-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 30 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.
Analyze this property's fair price and negotiation room for free at RE:public.