Overview of Shierukooto Miwa (シェルコート美和)
Shierukooto Miwa (シェルコート美和) is a 35-year-old condominium located at Ama Shika Chou 5-1 (あま市花長5-1), Aichi, Japan. Built in 1991, it comprises 49 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sumitomokensetsu (住友建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 560〜980万円 (approx. $37,333–$65,333 USD at ¥150/$).
Unit sizes range from 73.6–80.5 sqm (792–866 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-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: ¥8.6万/sqm (approx. $576/sqm or $54/sqft).
Location & Neighborhood
The property is located at Ama Shika Chou 5-1 (あま市花長5-1), Aichi, Japan. It is a 13-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 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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