Overview of Erugurande Chiryuu Eki Minami (エルグランデ知立駅南)
Erugurande Chiryuu Eki Minami (エルグランデ知立駅南) is a 28-year-old condominium located at Chiryuushi Minami Shinchi 1 Choume 13-22 (知立市南新地1丁目13-22), Aichi, Japan. Built in 1998, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Kaku Bun Kensetsu (角文建設).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 1,470〜2,480万円 (approx. $98,000–$165,333 USD at ¥150/$).
Unit sizes range from 73.8–83.1 sqm (794–894 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Chiryuushi Minami Shinchi 1 Choume 13-22 (知立市南新地1丁目13-22), Aichi, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 28 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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