Overview of Hagiyama Shiteihausu (萩山シティハウス)
Hagiyama Shiteihausu (萩山シティハウス) is a 28-year-old condominium located at Nagoyashi Mizuho Ku Hagiyama Machi 3 Choume 26-1 (名古屋市瑞穂区萩山町3丁目26-1), Aichi, Japan. Built in 1998, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Iwabe Kensetsu (岩部建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 2,300〜3,980万円 (approx. $153,333–$265,333 USD at ¥150/$).
Unit sizes range from 75.8–105.2 sqm (816–1132 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥45.3万/sqm (approx. $3,023/sqm or $281/sqft).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Hagiyama Machi 3 Choume 26-1 (名古屋市瑞穂区萩山町3丁目26-1), Aichi, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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.
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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