Overview of Sanmanshon'erupaaku Matsusaka (サンマンションエルパーク松阪)
Sanmanshon'erupaaku Matsusaka (サンマンションエルパーク松阪) is a 23-year-old condominium located at Matsusaka Ichikawa Imachi 845-1 (松阪市川井町845-1), Mie, Japan. Built in 2003, it comprises 110 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,200〜2,580万円 (approx. $80,000–$172,000 USD at ¥150/$).
Unit sizes range from 73.0–95.1 sqm (786–1024 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLK (3SLK), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.3万/sqm (approx. $1,552/sqm or $144/sqft).
Location & Neighborhood
The property is located at Matsusaka Ichikawa Imachi 845-1 (松阪市川井町845-1), Mie, Japan. It is a 27-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 110 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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