Overview of Takara Manshon Ichinomiya (宝マンション一宮)
Takara Manshon Ichinomiya (宝マンション一宮) is a 34-year-old condominium located at Ichinomiya Shichou Shima Machi 1 Choume 2 (一宮市長島町1丁目2), Aichi, Japan. Built in 1992, it comprises 25 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sawada Koumuten (沢田工務店).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 800〜2,150万円 (approx. $53,333–$143,333 USD at ¥150/$).
Unit sizes range from 71.1–77.7 sqm (765–836 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥18.7万/sqm (approx. $1,246/sqm or $116/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shichou Shima Machi 1 Choume 2 (一宮市長島町1丁目2), Aichi, Japan. It is a 24-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 34 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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