Overview of Purevia Izumi Chuuou 1 Ban Kan (プレヴィア和泉中央１番館)
Purevia Izumi Chuuou 1 Ban Kan (プレヴィア和泉中央１番館) is a 28-year-old condominium located at Izumi Shi Ibuki No 4 Choume 4-1 (和泉市いぶき野4丁目4-1), Osaka, Japan. Built in 1998, it comprises 54 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
Based on 4 past listings, prices have ranged from 1,580〜2,480万円 (approx. $105,333–$165,333 USD at ¥150/$).
Unit sizes range from 65.7–65.7 sqm (707–707 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 4 Choume 4-1 (和泉市いぶき野4丁目4-1), Osaka, Japan. It is a 4-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 54 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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