Overview of Esuperanta Hongou (エスペランタ本郷)
Esuperanta Hongou (エスペランタ本郷) is a 33-year-old condominium located at Toukaishi Ka Kiyamachi Gounaka 32-1 (東海市加木屋町郷中32-1), Aichi, Japan. Built in 1993, it comprises 49 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toku Kura Kensetsu (徳倉建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥15.7万/sqm (approx. $1,047/sqm or $97/sqft).
Location & Neighborhood
The property is located at Toukaishi Ka Kiyamachi Gounaka 32-1 (東海市加木屋町郷中32-1), Aichi, Japan. It is a 15-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 33 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.
Analyze this property's fair price and negotiation room for free at RE:public.