Overview of Saera Shippou (サエラ七宝)
Saera Shippou (サエラ七宝) is a 29-year-old condominium located at Ama Shi Shippou Machi Ifuku 20-2 (あま市七宝町伊福20-2), Aichi, Japan. Built in 1997, it comprises 53 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hikosaka Kensetsu (彦坂建設).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 980〜1,280万円 (approx. $65,333–$85,333 USD at ¥150/$).
Unit sizes range from 70.8–84.9 sqm (762–914 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥12.7万/sqm (approx. $849/sqm or $79/sqft).
Location & Neighborhood
The property is located at Ama Shi Shippou Machi Ifuku 20-2 (あま市七宝町伊福20-2), Aichi, Japan. It is a 28-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 53 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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