Overview of Aatoshitei Miyoshi Ke Oka Iisutohausu (アートシティ三好ヶ丘イーストハウス)
Aatoshitei Miyoshi Ke Oka Iisutohausu (アートシティ三好ヶ丘イーストハウス) is a 25-year-old condominium located at Miyoshi Ichizou Kou Oka 2 Choume 12 (みよし市三好丘2丁目12), Aichi, Japan. Built in 2001, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu (東急建設).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,480〜2,850万円 (approx. $98,667–$190,000 USD at ¥150/$).
Unit sizes range from 73.0–98.1 sqm (786–1056 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥27.1万/sqm (approx. $1,803/sqm or $168/sqft).
Location & Neighborhood
The property is located at Miyoshi Ichizou Kou Oka 2 Choume 12 (みよし市三好丘2丁目12), Aichi, Japan. It is a 3-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 25 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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