Overview of Manshon Kita Horie (マンション北堀江)
Manshon Kita Horie (マンション北堀江) is a 45-year-old condominium located at Oosakashi Nishiku Kita Horie 1 Choume 22-11 (大阪市西区北堀江1丁目22-11), Osaka, Japan. Built in 1981, it comprises 45 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fukui Kumi (福井組).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 600〜4,980万円 (approx. $40,000–$332,000 USD at ¥150/$).
Unit sizes range from 19.5–98.8 sqm (210–1063 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), 3DK (3-bedroom w/ dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥46.3万/sqm (approx. $3,088/sqm or $287/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Kita Horie 1 Choume 22-11 (大阪市西区北堀江1丁目22-11), Osaka, Japan. It is a 2-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 45 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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