Overview of Esupoa Meitou (エスポア名東)
Esupoa Meitou (エスポア名東) is a 42-year-old condominium located at Nagoyashi Meitou Ku Inoko Ishi 1 Choume 601 (名古屋市名東区猪子石1丁目601), Aichi, Japan. Built in 1984, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Kuni Kensetsu (六合建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 980〜1,980万円 (approx. $65,333–$132,000 USD at ¥150/$).
Unit sizes range from 64.9–87.0 sqm (699–936 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.7万/sqm (approx. $1,311/sqm or $122/sqft).
Location & Neighborhood
The property is located at Nagoyashi Meitou Ku Inoko Ishi 1 Choume 601 (名古屋市名東区猪子石1丁目601), Aichi, Japan. It is a 21-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 42 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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