Overview of Noda Paakuhoomuzu (野田パークホームズ)
Noda Paakuhoomuzu (野田パークホームズ) is a 24-year-old condominium located at Oosakashi Fukushima Ku Oohiraki 3 Choume 3-23 (大阪市福島区大開3丁目3-23), Osaka, Japan. Built in 2002, it comprises 64 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 2,380〜5,980万円 (approx. $158,667–$398,667 USD at ¥150/$).
Unit sizes range from 66.7–80.7 sqm (718–869 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).
Estimated price per sqm: ¥75.1万/sqm (approx. $5,009/sqm or $465/sqft).
Location & Neighborhood
The property is located at Oosakashi Fukushima Ku Oohiraki 3 Choume 3-23 (大阪市福島区大開3丁目3-23), Osaka, Japan. It is a 8-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.
Scale advantage: With 64 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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