Overview of Marumi Roiyarumanshon Nakashiba (丸美ロイヤルマンション中柴)
Marumi Roiyarumanshon Nakashiba (丸美ロイヤルマンション中柴) is a 38-year-old condominium located at Toyohashishi Nakashiba Machi 74 (豊橋市中柴町74), Aichi, Japan. Built in 1988, it comprises 35 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Meikou Kensetsu (名工建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 890〜2,299万円 (approx. $59,333–$153,267 USD at ¥150/$).
Unit sizes range from 53.1–79.6 sqm (572–857 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.2万/sqm (approx. $1,282/sqm or $119/sqft).
Location & Neighborhood
The property is located at Toyohashishi Nakashiba Machi 74 (豊橋市中柴町74), Aichi, Japan. It is a 5-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 38 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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