Overview of Esupoa Higashi Iwata (エスポア東岩田)
Esupoa Higashi Iwata (エスポア東岩田) is a 36-year-old condominium located at Toyohashishi Higashi Iwata 3 Choume 10-7 (豊橋市東岩田3丁目10-7), Aichi, Japan. Built in 1990, it comprises 11 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 890〜1,480万円 (approx. $59,333–$98,667 USD at ¥150/$).
Unit sizes range from 86.7–104.0 sqm (933–1119 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥9.9万/sqm (approx. $659/sqm or $61/sqft).
Location & Neighborhood
The property is located at Toyohashishi Higashi Iwata 3 Choume 10-7 (豊橋市東岩田3丁目10-7), Aichi, Japan. It is a 18-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 36 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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