Overview of Aabantawaa Mari Nuno (アーバンタワー麻里布)
Aabantawaa Mari Nuno (アーバンタワー麻里布) is a 37-year-old condominium located at Iwakuni Shi Marifumachi 1 Choume 7-21 (岩国市麻里布町1丁目7-21), Yamaguchi, Japan. Built in 1989, it comprises 74 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 750〜2,190万円 (approx. $50,000–$146,000 USD at ¥150/$).
Unit sizes range from 53.6–73.2 sqm (577–788 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.4万/sqm (approx. $1,557/sqm or $145/sqft).
Location & Neighborhood
The property is located at Iwakuni Shi Marifumachi 1 Choume 7-21 (岩国市麻里布町1丁目7-21), Yamaguchi, 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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