Overview of Nabihaitsu Kitazono (ナビハイツ北園)
Nabihaitsu Kitazono (ナビハイツ北園) is a 39-year-old condominium located at Ichinomiya Shi Kitazono Toori 4 Choume 2 (一宮市北園通4丁目2), Aichi, Japan. Built in 1987, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Nakano Kensetsu (中野建設).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 450〜1,680万円 (approx. $30,000–$112,000 USD at ¥150/$).
Unit sizes range from 46.7–70.8 sqm (503–762 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.0万/sqm (approx. $1,535/sqm or $143/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Kitazono Toori 4 Choume 2 (一宮市北園通4丁目2), 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 39 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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