Overview of Sanpibotto Iwakura (サンピボット岩倉)
Sanpibotto Iwakura (サンピボット岩倉) is a 35-year-old condominium located at Iwakura Shidai Chi Machi Habiro 10 (岩倉市大地町葉広10), Aichi, Japan. Built in 1991, it comprises 17 units in a Reinforced Concrete (RC) structure. It was constructed by Tsuchiya Kumi (土屋組).
Pricing & Floor Plans
Based on 21 past listings, prices have ranged from 1,090〜1,899万円 (approx. $72,667–$126,600 USD at ¥150/$).
Unit sizes range from 82.2–95.1 sqm (885–1024 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.1万/sqm (approx. $1,272/sqm or $118/sqft).
Location & Neighborhood
The property is located at Iwakura Shidai Chi Machi Habiro 10 (岩倉市大地町葉広10), Aichi, Japan. It is a 16-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 35 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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