Overview of Aratama Hashi Guriinhaitsu (新瑞橋グリーンハイツ)
Aratama Hashi Guriinhaitsu (新瑞橋グリーンハイツ) is a 45-year-old condominium located at Nagoyashi Mizuho Ku Gun Mizumachi 1 Choume 67-2 (名古屋市瑞穂区軍水町1丁目67-2), Aichi, Japan. Built in 1981, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 830〜1,790万円 (approx. $55,333–$119,333 USD at ¥150/$).
Unit sizes range from 71.0–77.2 sqm (764–831 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.4万/sqm (approx. $892/sqm or $83/sqft).
Location & Neighborhood
The property is located at Nagoyashi Mizuho Ku Gun Mizumachi 1 Choume 67-2 (名古屋市瑞穂区軍水町1丁目67-2), Aichi, Japan. It is a 12-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 45 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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