Overview of Erugurande Fujimatsu (エルグランデ富士松)
Erugurande Fujimatsu (エルグランデ富士松) is a 36-year-old condominium located at Kariyashi Imagawa Machida Chi Ike 73-2 (刈谷市今川町田地池73-2), Aichi, Japan. Built in 1990, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Kaku Bun Kensetsu (角文建設).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 1,150〜1,880万円 (approx. $76,667–$125,333 USD at ¥150/$).
Unit sizes range from 76.5–80.1 sqm (823–862 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.5万/sqm (approx. $1,433/sqm or $133/sqft).
Location & Neighborhood
The property is located at Kariyashi Imagawa Machida Chi Ike 73-2 (刈谷市今川町田地池73-2), Aichi, Japan. It is a 7-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 36 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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