Overview of Arumonii Izumi Chuuou 2 Ban Kan (アルモニー和泉中央２番館)
Arumonii Izumi Chuuou 2 Ban Kan (アルモニー和泉中央２番館) is a 27-year-old condominium located at Izumi Shi Ibuki No 5 Choume 2-2 (和泉市いぶき野5丁目2-2), Osaka, Japan. Built in 1999, it comprises 50 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,770〜3,780万円 (approx. $118,000–$252,000 USD at ¥150/$).
Unit sizes range from 75.1–90.5 sqm (808–974 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.7万/sqm (approx. $2,513/sqm or $233/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 5 Choume 2-2 (和泉市いぶき野5丁目2-2), Osaka, Japan. It is a 3-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 27 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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