Overview of Raionzumanshon Sennan Shinke (ライオンズマンション泉南新家)
Raionzumanshon Sennan Shinke (ライオンズマンション泉南新家) is a 34-year-old condominium located at Sennan Shi Shin Tooru Oonawashiro 697-4 (泉南市信達大苗代697-4), Osaka, Japan. Built in 1992, it comprises 46 units in a Reinforced Concrete (RC) structure. It was constructed by Isutani Koumuten (熊取谷工務店).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 500〜1,490万円 (approx. $33,333–$99,333 USD at ¥150/$).
Unit sizes range from 62.0–71.5 sqm (667–770 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥13.5万/sqm (approx. $900/sqm or $84/sqft).
Location & Neighborhood
The property is located at Sennan Shi Shin Tooru Oonawashiro 697-4 (泉南市信達大苗代697-4), Osaka, Japan. It is a 18-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 34 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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