Overview of Aabanhiru Katanohara (アーバンヒル形原)
Aabanhiru Katanohara (アーバンヒル形原) is a 35-year-old condominium located at Gamagoori Shi Katanohara Machi Nishinaka Hatake 4-14 (蒲郡市形原町西中畑4-14), Aichi, Japan. Built in 1991, it comprises 14 units in a Reinforced Concrete (RC) structure. It was constructed by San Ritsu Purekon (三立プレコン).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 450〜750万円 (approx. $30,000–$50,000 USD at ¥150/$).
Unit sizes range from 80.2–85.1 sqm (863–916 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥6.8万/sqm (approx. $452/sqm or $42/sqft).
Location & Neighborhood
The property is located at Gamagoori Shi Katanohara Machi Nishinaka Hatake 4-14 (蒲郡市形原町西中畑4-14), Aichi, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 35 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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