Overview of Paresu Ichinomiya (パレス一宮)
Paresu Ichinomiya (パレス一宮) is a 44-year-old condominium located at Ichinomiya Shi Tanba Horiguchi 1001 (一宮市丹羽堀口1001), Aichi, Japan. Built in 1982, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Shouwa Doken (昭和土建).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 258〜839万円 (approx. $17,200–$55,933 USD at ¥150/$).
Unit sizes range from 75.5–85.8 sqm (813–924 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥5.6万/sqm (approx. $376/sqm or $35/sqft).
Location & Neighborhood
The property is located at Ichinomiya Shi Tanba Horiguchi 1001 (一宮市丹羽堀口1001), Aichi, Japan. It is a 4-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 44 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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