Overview of Shatore Ai Matsujin Me Tera (シャトレ愛松甚目寺)
Shatore Ai Matsujin Me Tera (シャトレ愛松甚目寺) is a 23-year-old condominium located at Ama Shi Shita Kayatsu 19 (あま市下萱津19), Aichi, Japan. Built in 2003, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Kurimoto Kensetsu Kougyou (栗本建設工業).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,280〜1,770万円 (approx. $85,333–$118,000 USD at ¥150/$).
Unit sizes range from 69.5–92.2 sqm (748–992 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.4万/sqm (approx. $1,292/sqm or $120/sqft).
Location & Neighborhood
The property is located at Ama Shi Shita Kayatsu 19 (あま市下萱津19), Aichi, Japan. It is a 23-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 23 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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