Overview of Shin'ei Manshon Aoyama (真栄マンション青山)
Shin'ei Manshon Aoyama (真栄マンション青山) is a 40-year-old condominium located at Nagoyashi Midoriku Aoyama 2 Choume 13 (名古屋市緑区青山2丁目13), Aichi, Japan. Built in 1986, it comprises 16 units in a Reinforced Concrete (RC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 650〜1,599万円 (approx. $43,333–$106,600 USD at ¥150/$).
Unit sizes range from 73.5–77.8 sqm (791–837 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.5万/sqm (approx. $1,032/sqm or $96/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Aoyama 2 Choume 13 (名古屋市緑区青山2丁目13), Aichi, Japan. It is a 8-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 40 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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