Overview of Arukadiahausu Izumi (アルカディアハウス泉)
Arukadiahausu Izumi (アルカディアハウス泉) is a 32-year-old condominium located at Nagoyashi Higashiku Izumi 1 Choume 4-26 (名古屋市東区泉1丁目4-26), Aichi, Japan. Built in 1994, it comprises 14 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 960〜4,280万円 (approx. $64,000–$285,333 USD at ¥150/$).
Unit sizes range from 31.9–87.4 sqm (343–941 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.4万/sqm (approx. $2,829/sqm or $263/sqft).
Location & Neighborhood
The property is located at Nagoyashi Higashiku Izumi 1 Choume 4-26 (名古屋市東区泉1丁目4-26), Aichi, Japan. It is a 7-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 32 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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