Overview of Meitsu Kurokawa (メイツ黒川)
Meitsu Kurokawa (メイツ黒川) is a 24-year-old condominium located at Nagoyashi Kitaku Tendou Machi 1 Choume 30-1 (名古屋市北区天道町1丁目30-1), Aichi, Japan. Built in 2002, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 1,780〜3,600万円 (approx. $118,667–$240,000 USD at ¥150/$).
Unit sizes range from 72.8–92.6 sqm (784–997 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.0万/sqm (approx. $1,998/sqm or $186/sqft).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Tendou Machi 1 Choume 30-1 (名古屋市北区天道町1丁目30-1), Aichi, Japan. It is a 17-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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 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.
Analyze this property's fair price and negotiation room for free at RE:public.