Overview of Ekureeru Iwata (エクレール磐田)
Ekureeru Iwata (エクレール磐田) is a 33-year-old condominium located at Iwata Shi Hitokoto 3092 (磐田市一言3092), Shizuoka, Japan. Built in 1993, it comprises 167 units in a Reinforced Concrete (RC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 450〜1,180万円 (approx. $30,000–$78,667 USD at ¥150/$).
Unit sizes range from 56.5–78.7 sqm (608–847 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2SSLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.8万/sqm (approx. $588/sqm or $55/sqft).
Location & Neighborhood
The property is located at Iwata Shi Hitokoto 3092 (磐田市一言3092), Shizuoka, Japan. It is a 10-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 167 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.