Overview of Takara Manshon Ootagawa (宝マンション太田川)
Takara Manshon Ootagawa (宝マンション太田川) is a 27-year-old condominium located at Toukaishi Oota Machi 61-4 (東海市大田町61-4), Aichi, Japan. Built in 1999, it comprises 116 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 1,070〜2,600万円 (approx. $71,333–$173,333 USD at ¥150/$).
Unit sizes range from 71.2–84.7 sqm (766–912 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-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), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥27.0万/sqm (approx. $1,801/sqm or $167/sqft).
Location & Neighborhood
The property is located at Toukaishi Oota Machi 61-4 (東海市大田町61-4), 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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 116 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.
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