Overview of Matsu Ke Ne Dai Manshon (松ヶ根台マンション)
Matsu Ke Ne Dai Manshon (松ヶ根台マンション) is a 41-year-old condominium located at Nagoyashi Midoriku Matsu Ga Ne Dai 230-1 (名古屋市緑区松が根台230-1), Aichi, Japan. Built in 1985, it comprises 76 units in a Reinforced Concrete (RC) structure. It was constructed by Nakano Kensetsu (中野建設).
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 500〜1,899万円 (approx. $33,333–$126,600 USD at ¥150/$).
Unit sizes range from 46.5–83.0 sqm (501–893 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.9万/sqm (approx. $1,258/sqm or $117/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Matsu Ga Ne Dai 230-1 (名古屋市緑区松が根台230-1), Aichi, Japan. It is a 14-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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 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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