Overview of Purevia Izumi Chuuou 2 Ban Kan (プレヴィア和泉中央２番館)
Purevia Izumi Chuuou 2 Ban Kan (プレヴィア和泉中央２番館) is a 28-year-old condominium located at Izumi Shi Ibuki No 4 Choume 4-2 (和泉市いぶき野4丁目4-2), Osaka, Japan. Built in 1998, it comprises 57 units in a Reinforced Concrete (RC) structure. It was constructed by Oobayashi Kumi , Fujita , Hoka (大林組、 フジタ、 他).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥34.6万/sqm (approx. $2,309/sqm or $215/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 4 Choume 4-2 (和泉市いぶき野4丁目4-2), Osaka, Japan. It is a 3-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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.
Analyze this property's fair price and negotiation room for free at RE:public.