Overview of Rafuroresuta Kishiwada (ラフロレスタ岸和田)
Rafuroresuta Kishiwada (ラフロレスタ岸和田) is a 29-year-old condominium located at Kishiwada Shi Isogami Machi 1 Choume 11-33 (岸和田市磯上町1丁目11-33), Osaka, Japan. Built in 1997, it comprises 75 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi , Nankai Tatsumura Kensetsu (熊谷組、 南海辰村建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 890〜1,690万円 (approx. $59,333–$112,667 USD at ¥150/$).
Unit sizes range from 61.8–71.5 sqm (665–770 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kishiwada Shi Isogami Machi 1 Choume 11-33 (岸和田市磯上町1丁目11-33), Osaka, Japan. It is a 12-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 75 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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