Overview of Doomu Mihara (ドーム三原)
Doomu Mihara (ドーム三原) is a 42-year-old condominium located at Sakaishi Minamiku Mihara Dai 2 Choume 10-1 (堺市南区三原台2丁目10-1), Osaka, Japan. Built in 1984, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Yotsuba Fudousan (よつば不動産).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 1,250〜1,880万円 (approx. $83,333–$125,333 USD at ¥150/$).
Unit sizes range from 78.0–117.0 sqm (840–1259 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 5SLDK (5-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.7万/sqm (approx. $1,315/sqm or $122/sqft).
Location & Neighborhood
The property is located at Sakaishi Minamiku Mihara Dai 2 Choume 10-1 (堺市南区三原台2丁目10-1), Osaka, Japan. It is a 13-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 42 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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