Overview of Gurooriasu Midoriku Momoyama (グローリアス緑区桃山)
Gurooriasu Midoriku Momoyama (グローリアス緑区桃山) is a 29-year-old condominium located at Nagoyashi Midoriku Momoyama 4 Choume 338 (名古屋市緑区桃山4丁目338), Aichi, Japan. Built in 1997, it comprises 41 units in a Reinforced Concrete (RC) structure. It was constructed by Sumitomokensetsu (住友建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 1,610〜2,680万円 (approx. $107,333–$178,667 USD at ¥150/$).
Unit sizes range from 77.2–91.9 sqm (831–989 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).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Momoyama 4 Choume 338 (名古屋市緑区桃山4丁目338), Aichi, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 29 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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