Overview of Guriinhiru Sumiyoshi (グリーンヒル住吉)
Guriinhiru Sumiyoshi (グリーンヒル住吉) is a 41-year-old condominium located at Kariyashi Shimojuu Haramachi 3 Choume 40-1 (刈谷市下重原町3丁目40-1), Aichi, Japan. Built in 1985, it comprises 39 units in a Reinforced Concrete (RC) structure. It was constructed by Kaku Bun Kensetsu (角文建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 960〜2,280万円 (approx. $64,000–$152,000 USD at ¥150/$).
Unit sizes range from 67.0–86.4 sqm (721–930 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: ¥18.3万/sqm (approx. $1,221/sqm or $113/sqft).
Location & Neighborhood
The property is located at Kariyashi Shimojuu Haramachi 3 Choume 40-1 (刈谷市下重原町3丁目40-1), Aichi, Japan. It is a 13-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.
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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