Overview of Sanmanshon'atore Iwatsuka (サンマンションアトレ岩塚)
Sanmanshon'atore Iwatsuka (サンマンションアトレ岩塚) is a 24-year-old condominium located at Nagoyashi Nakamuraku Don Ike Machi 3 Choume 16 (名古屋市中村区鈍池町3丁目16), Aichi, Japan. Built in 2002, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Ooi Kensetsu (大井建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,700〜2,790万円 (approx. $113,333–$186,000 USD at ¥150/$).
Unit sizes range from 75.0–91.6 sqm (807–986 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).
Location & Neighborhood
The property is located at Nagoyashi Nakamuraku Don Ike Machi 3 Choume 16 (名古屋市中村区鈍池町3丁目16), Aichi, Japan. It is a 5-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 24 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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