Overview of Soreiyu Itami (ソレイユ伊丹)
Soreiyu Itami (ソレイユ伊丹) is a 24-year-old condominium located at Itamishi Kita Itami 4 Choume 39-1 (伊丹市北伊丹4丁目39-1), Hyogo, Japan. Built in 2002, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Sanwa Kensetsu (三和建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,650〜2,780万円 (approx. $110,000–$185,333 USD at ¥150/$).
Unit sizes range from 61.5–78.4 sqm (662–844 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥39.8万/sqm (approx. $2,650/sqm or $246/sqft).
Location & Neighborhood
The property is located at Itamishi Kita Itami 4 Choume 39-1 (伊丹市北伊丹4丁目39-1), Hyogo, 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 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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