Overview of Setoru Hongou (セトル本郷)
Setoru Hongou (セトル本郷) is a 32-year-old condominium located at Toyoake Shi Kutsukake Machi Higashimoto Sato 150 (豊明市沓掛町東本郷150), Aichi, Japan. Built in 1994, it comprises 29 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nakamura Kensetsu (中村建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 880〜1,499万円 (approx. $58,667–$99,933 USD at ¥150/$).
Unit sizes range from 66.7–66.7 sqm (718–718 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.3万/sqm (approx. $1,287/sqm or $120/sqft).
Location & Neighborhood
The property is located at Toyoake Shi Kutsukake Machi Higashimoto Sato 150 (豊明市沓掛町東本郷150), Aichi, Japan. It is a 43-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 32 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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