Overview of Mezondooruraaban Izumi Paakusu 3 Ban Kan (メゾンドールラーバン和泉パークス３番館)
Mezondooruraaban Izumi Paakusu 3 Ban Kan (メゾンドールラーバン和泉パークス３番館) is a 29-year-old condominium located at Izumi Shi Oda Machi 586-1 (和泉市小田町586-1), Osaka, Japan. Built in 1997, it comprises 76 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi , Kubota Kensetsu (淺沼組、 クボタ建設).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 750〜1,990万円 (approx. $50,000–$132,667 USD at ¥150/$).
Unit sizes range from 64.2–81.3 sqm (691–875 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-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: ¥17.2万/sqm (approx. $1,145/sqm or $106/sqft).
Location & Neighborhood
The property is located at Izumi Shi Oda Machi 586-1 (和泉市小田町586-1), Osaka, Japan. It is a 34-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 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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