Overview of Foasezon Hyoutan Yama (フォアセゾン瓢箪山)
Foasezon Hyoutan Yama (フォアセゾン瓢箪山) is a 35-year-old condominium located at Nagoyashi Moriyamaku Nishishin 4-3 (名古屋市守山区西新4-3), Aichi, Japan. Built in 1991, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Ooshima Koumu Tokoro (大島工務所).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,080〜2,599万円 (approx. $72,000–$173,267 USD at ¥150/$).
Unit sizes range from 69.7–216.0 sqm (750–2325 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), 7LDK (7-bedroom w/ living-dining-kitchen), 3LDK (3-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: ¥18.0万/sqm (approx. $1,201/sqm or $112/sqft).
Location & Neighborhood
The property is located at Nagoyashi Moriyamaku Nishishin 4-3 (名古屋市守山区西新4-3), Aichi, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 35 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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