Overview of Takara Manshon Kounan Iisuto (宝マンション江南イースト)
Takara Manshon Kounan Iisuto (宝マンション江南イースト) is a 27-year-old condominium located at Kounan Ichinoo Saki Machi Kawara 64 (江南市尾崎町河原64), Aichi, Japan. Built in 1999, it comprises 36 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Magara Kensetsu (真柄建設).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 820〜1,690万円 (approx. $54,667–$112,667 USD at ¥150/$).
Unit sizes range from 69.3–82.5 sqm (746–888 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.6万/sqm (approx. $1,040/sqm or $97/sqft).
Location & Neighborhood
The property is located at Kounan Ichinoo Saki Machi Kawara 64 (江南市尾崎町河原64), Aichi, Japan. It is a 10-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 27 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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