Overview of Aabantawaanekusasu Iwakuni (アーバンタワーネクサス岩国)
Aabantawaanekusasu Iwakuni (アーバンタワーネクサス岩国) is a 29-year-old condominium located at Iwakuni Shi Marifumachi 6 Choume 6-8 (岩国市麻里布町6丁目6-8), Yamaguchi, Japan. Built in 1997, it comprises 77 units in a Steel Reinforced Concrete (SRC) structure.
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,430〜2,300万円 (approx. $95,333–$153,333 USD at ¥150/$).
Unit sizes range from 65.2–93.0 sqm (702–1001 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: ¥24.8万/sqm (approx. $1,656/sqm or $154/sqft).
Location & Neighborhood
The property is located at Iwakuni Shi Marifumachi 6 Choume 6-8 (岩国市麻里布町6丁目6-8), Yamaguchi, Japan. It is a 8-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.
Scale advantage: With 77 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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