Overview of Shatoo Iwakura (シャトー岩倉)
Shatoo Iwakura (シャトー岩倉) is a 36-year-old condominium located at Iwakura Shi Suzui Machi Kuramae 42-1 (岩倉市鈴井町蔵前42-1), Aichi, Japan. Built in 1990, it comprises 17 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nakamura Kensetsu (中村建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,050〜1,798万円 (approx. $70,000–$119,867 USD at ¥150/$).
Unit sizes range from 84.0–85.0 sqm (904–915 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.8万/sqm (approx. $985/sqm or $92/sqft).
Location & Neighborhood
The property is located at Iwakura Shi Suzui Machi Kuramae 42-1 (岩倉市鈴井町蔵前42-1), Aichi, Japan. It is a 18-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 36 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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