Overview of Nisshin Kaguyama Mori No Machi 1 0 4 Goutou (日進香久山杜の街 １０４号棟)
Nisshin Kaguyama Mori No Machi 1 0 4 Goutou (日進香久山杜の街 １０４号棟) is a 25-year-old condominium located at Nisshin Shi Kaguyama 4 Choume 201-13 (日進市香久山4丁目201-13), Aichi, Japan. Built in 2001, it comprises 23 units in a Reinforced Concrete (RC) structure. It was constructed by Mizuno Kensetsu (水野建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,490〜2,580万円 (approx. $99,333–$172,000 USD at ¥150/$).
Unit sizes range from 79.7–90.6 sqm (858–975 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).
Location & Neighborhood
The property is located at Nisshin Shi Kaguyama 4 Choume 201-13 (日進市香久山4丁目201-13), Aichi, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 25 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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