Overview of Shiteikoopo Hatooka (シティコーポ鳩岡)
Shiteikoopo Hatooka (シティコーポ鳩岡) is a 38-year-old condominium located at Nagoyashi Kitaku Hatooka Machi 1 Choume 1-1 (名古屋市北区鳩岡町1丁目1-1), Aichi, Japan. Built in 1988, it comprises 135 units in a Reinforced Concrete (RC) structure. It was constructed by Toda , Sumitomo , Sakae Kyou Kensetsu Kyoudou Kigyoutai (戸田、 住友、 栄興建設共同企業体).
Pricing & Floor Plans
Based on 71 past listings, prices have ranged from 1,180〜3,390万円 (approx. $78,667–$226,000 USD at ¥150/$).
Unit sizes range from 62.9–112.5 sqm (677–1211 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4K (4-bedroom w/ kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.0万/sqm (approx. $1,599/sqm or $149/sqft).
Location & Neighborhood
The property is located at Nagoyashi Kitaku Hatooka Machi 1 Choume 1-1 (名古屋市北区鳩岡町1丁目1-1), Aichi, Japan. It is a 12-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 135 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.
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