Overview of Famiiru Nisshin Ichiban Kan (ファミール日進壱番館)
Famiiru Nisshin Ichiban Kan (ファミール日進壱番館) is a 32-year-old condominium located at Nisshin Shi Sakae 4 Choume 1601 (日進市栄4丁目1601), Aichi, Japan. Built in 1994, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,270〜2,099万円 (approx. $84,667–$139,933 USD at ¥150/$).
Unit sizes range from 69.8–77.5 sqm (751–834 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: ¥23.4万/sqm (approx. $1,561/sqm or $145/sqft).
Location & Neighborhood
The property is located at Nisshin Shi Sakae 4 Choume 1601 (日進市栄4丁目1601), Aichi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 32 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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