Overview of Famiiruhaitsu Izumiootsu Sentohaabaashitei 4 Ban Kan (ファミールハイツ泉大津セントハーバーシティ４番館)
Famiiruhaitsu Izumiootsu Sentohaabaashitei 4 Ban Kan (ファミールハイツ泉大津セントハーバーシティ４番館) is a 29-year-old condominium located at Izumiootsu Shi Nagisa Machi 2-4 (泉大津市なぎさ町2-4), Osaka, Japan. Built in 1997, it comprises 80 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Oomoto Kumi (大本組).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 840〜1,880万円 (approx. $56,000–$125,333 USD at ¥150/$).
Unit sizes range from 61.6–83.8 sqm (663–902 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Izumiootsu Shi Nagisa Machi 2-4 (泉大津市なぎさ町2-4), Osaka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 80 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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