Overview of Ushi Kan Danchi 4 Goutou (牛巻団地４号棟)
Ushi Kan Danchi 4 Goutou (牛巻団地４号棟) is a 46-year-old condominium located at Nagoyashi Mizuho Ku Ushi Makimachi 3-18 (名古屋市瑞穂区牛巻町3-18), Aichi, Japan. Built in 1980, it comprises 48 units in a Reinforced Concrete (RC) structure.
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 800〜1,199万円 (approx. $53,333–$79,933 USD at ¥150/$).
Unit sizes range from 58.5–61.5 sqm (630–662 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.2万/sqm (approx. $1,147/sqm or $107/sqft).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Ushi Makimachi 3-18 (名古屋市瑞穂区牛巻町3-18), Aichi, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1980, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 46 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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