Overview of Imasato Paakumanshon (今里パークマンション)
Imasato Paakumanshon (今里パークマンション) is a 33-year-old condominium located at Oosakashi Higashinari Ku Dai Imasato Minami 1 Choume 17-22 (大阪市東成区大今里南1丁目17-22), Osaka, Japan. Built in 1993, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,280〜2,890万円 (approx. $85,333–$192,667 USD at ¥150/$).
Unit sizes range from 51.2–71.4 sqm (551–769 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.7万/sqm (approx. $2,511/sqm or $233/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Dai Imasato Minami 1 Choume 17-22 (大阪市東成区大今里南1丁目17-22), Osaka, Japan. It is a 5-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 33 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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