Overview of Parashion Meitou (パラシオン名東)
Parashion Meitou (パラシオン名東) is a 48-year-old condominium located at Nagoyashi Meitou Ku Inoshishi Takadai 1 Choume 1015 (名古屋市名東区猪高台1丁目1015), Aichi, Japan. Built in 1978, it comprises 9 units in a Reinforced Concrete (RC) structure. It was constructed by San Ritsu Purekon Hanbai (三立プレコン販売).
Pricing & Floor Plans
Based on 28 past listings, prices have ranged from 350〜870万円 (approx. $23,333–$58,000 USD at ¥150/$).
Unit sizes range from 39.0–42.8 sqm (420–461 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Nagoyashi Meitou Ku Inoshishi Takadai 1 Choume 1015 (名古屋市名東区猪高台1丁目1015), Aichi, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Seismic standards: Built in 1978, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 48 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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