Overview of Izumigaoka Gaadenhausuesutashion (泉ヶ丘ガーデンハウスエスタシオン)
Izumigaoka Gaadenhausuesutashion (泉ヶ丘ガーデンハウスエスタシオン) is a 26-year-old condominium located at Sakaishi Minamiku Mihara Dai 2 Choume 1-1 (堺市南区三原台2丁目1-1), Osaka, Japan. Built in 2000, it comprises 129 units in a Reinforced Concrete (RC) structure. It was constructed by Sumitomokensetsu (住友建設).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,780〜4,980万円 (approx. $118,667–$332,000 USD at ¥150/$).
Unit sizes range from 67.5–85.0 sqm (727–915 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥55.7万/sqm (approx. $3,713/sqm or $345/sqft).
Location & Neighborhood
The property is located at Sakaishi Minamiku Mihara Dai 2 Choume 1-1 (堺市南区三原台2丁目1-1), Osaka, Japan. It is a 6-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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 129 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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