Overview of Esuriido Sugawara Higashikouen (エスリード菅原東公園)
Esuriido Sugawara Higashikouen (エスリード菅原東公園) is a 24-year-old condominium located at Oosakashi Higashiyodogawa Ku Sugawara 3 Choume 7-21 (大阪市東淀川区菅原3丁目7-21), Osaka, Japan. Built in 2002, it comprises 45 units in a Reinforced Concrete (RC) structure. It was constructed by Katsumura Kensetsu (勝村建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 2,100〜3,680万円 (approx. $140,000–$245,333 USD at ¥150/$).
Unit sizes range from 58.5–79.5 sqm (630–856 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Higashiyodogawa Ku Sugawara 3 Choume 7-21 (大阪市東淀川区菅原3丁目7-21), Osaka, 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 24 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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