Overview of Meitsu Arimatsu (メイツ有松)
Meitsu Arimatsu (メイツ有松) is a 34-year-old condominium located at Nagoyashi Midoriku Arimatsu 3301 (名古屋市緑区有松3301), Aichi, Japan. Built in 1992, it comprises 21 units in a Reinforced Concrete (RC) structure. It was constructed by Oomura Giken (大村技建).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 890〜2,490万円 (approx. $59,333–$166,000 USD at ¥150/$).
Unit sizes range from 58.7–84.4 sqm (632–908 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 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: ¥25.1万/sqm (approx. $1,671/sqm or $155/sqft).
Location & Neighborhood
The property is located at Nagoyashi Midoriku Arimatsu 3301 (名古屋市緑区有松3301), Aichi, 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 34 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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