Overview of Suteitsu Minoo (ステイツ箕面)
Suteitsu Minoo (ステイツ箕面) is a 24-year-old condominium located at Minoo Shi Nishi Kouji 3 Choume 13-15 (箕面市西小路3丁目13-15), Osaka, Japan. Built in 2002, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Fukuda Kumi (福田組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥52.0万/sqm (approx. $3,467/sqm or $322/sqft).
Location & Neighborhood
The property is located at Minoo Shi Nishi Kouji 3 Choume 13-15 (箕面市西小路3丁目13-15), Osaka, Japan. It is a 11-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 24 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.
Analyze this property's fair price and negotiation room for free at RE:public.