Overview of Karuteia Atsuta (カルティア熱田)
Karuteia Atsuta (カルティア熱田) is a 24-year-old condominium located at Nagoyashi Atsuta Ku Minami Ichibanchou 7-24 (名古屋市熱田区南一番町7-24), Aichi, Japan. Built in 2002, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,780〜2,699万円 (approx. $118,667–$179,933 USD at ¥150/$).
Unit sizes range from 70.4–80.4 sqm (758–865 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.8万/sqm (approx. $2,053/sqm or $191/sqft).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Minami Ichibanchou 7-24 (名古屋市熱田区南一番町7-24), Aichi, Japan. It is a 14-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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.
Analyze this property's fair price and negotiation room for free at RE:public.