Overview of Zashiin Jouhoku (ザシーン城北)
Zashiin Jouhoku (ザシーン城北) is a 30-year-old condominium located at Nagoyashi Kitaku Jougan Tera 1 Choume 6-6 (名古屋市北区成願寺1丁目6-6), Aichi, Japan. Built in 1996, it comprises 451 units in a Reinforced Concrete (RC) structure. It was constructed by Kashima Kensetsu (鹿島建設).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,580〜8,800万円 (approx. $105,333–$586,667 USD at ¥150/$).
Unit sizes range from 74.3–249.7 sqm (800–2688 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.5万/sqm (approx. $1,631/sqm or $151/sqft).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Jougan Tera 1 Choume 6-6 (名古屋市北区成願寺1丁目6-6), Aichi, Japan. It is a 25-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 451 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.
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