Overview of Kita Sukematsu Daiichi Tsugi Danchi Hitomune (北助松第１次団地一棟)
Kita Sukematsu Daiichi Tsugi Danchi Hitomune (北助松第１次団地一棟) is a 42-year-old condominium located at Izumiootsu Ichinoo I Senhara Machi 3-1 (泉大津市尾井千原町3-1), Osaka, Japan. Built in 1984, it comprises 85 units in a Reinforced Concrete (RC) structure. It was constructed by Taiseikensetsu (大成建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥11.0万/sqm (approx. $731/sqm or $68/sqft).
Location & Neighborhood
The property is located at Izumiootsu Ichinoo I Senhara Machi 3-1 (泉大津市尾井千原町3-1), Osaka, Japan. It is a 14-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 85 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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