Overview of Ebaaguriin Suminoe (エバーグリーン住之江)
Ebaaguriin Suminoe (エバーグリーン住之江) is a 48-year-old condominium located at Oosakashi Suminoe Ku Misaki 6 Choume 17-15 (大阪市住之江区御崎6丁目17-15), Osaka, Japan. Built in 1978, it comprises 28 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 770〜1,798万円 (approx. $51,333–$119,867 USD at ¥150/$).
Unit sizes range from 50.9–72.3 sqm (548–778 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.9万/sqm (approx. $1,391/sqm or $129/sqft).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Misaki 6 Choume 17-15 (大阪市住之江区御崎6丁目17-15), Osaka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1978, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 48 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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