Overview of Esupoa Iwakura 2 (エスポア岩倉２)
Esupoa Iwakura 2 (エスポア岩倉２) is a 40-year-old condominium located at Iwakura Shi Sakaemachi 2 Choume 50 (岩倉市栄町2丁目50), Aichi, Japan. Built in 1986, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by Nittou Kensetsu (日東建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 580〜1,520万円 (approx. $38,667–$101,333 USD at ¥150/$).
Unit sizes range from 87.2–87.2 sqm (939–939 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Iwakura Shi Sakaemachi 2 Choume 50 (岩倉市栄町2丁目50), Aichi, Japan. It is a 2-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 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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