Overview of Esupoa Atsuta (エスポア熱田)
Esupoa Atsuta (エスポア熱田) is a 40-year-old condominium located at Nagoyashi Atsuta Ku Ichiban 1 Choume 20-34 (名古屋市熱田区一番1丁目20-34), Aichi, Japan. Built in 1986, it comprises 89 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 1,080〜2,490万円 (approx. $72,000–$166,000 USD at ¥150/$).
Unit sizes range from 49.3–87.8 sqm (531–945 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).
Location & Neighborhood
The property is located at Nagoyashi Atsuta Ku Ichiban 1 Choume 20-34 (名古屋市熱田区一番1丁目20-34), Aichi, Japan. It is a 9-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 89 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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