Overview of Nabitaun Kounan 2 Sanbankan (ナビタウン江南２三番館)
Nabitaun Kounan 2 Sanbankan (ナビタウン江南２三番館) is a 36-year-old condominium located at Kounan Shichuu Narachou Kumano 48-3 (江南市中奈良町熊野48-3), Aichi, Japan. Built in 1990, it comprises 76 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 698〜1,680万円 (approx. $46,533–$112,000 USD at ¥150/$).
Unit sizes range from 58.2–86.2 sqm (626–928 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2SK (2-bedroom w/ kitchen + service room), 3DK (3-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Kounan Shichuu Narachou Kumano 48-3 (江南市中奈良町熊野48-3), 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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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.