Overview of Famiiru Sakai (ファミール堺)
Famiiru Sakai (ファミール堺) is a 42-year-old condominium located at Sakaishi Sakai Ku Shichi Doutou Machi 182 (堺市堺区七道東町182), Osaka, Japan. Built in 1984, it comprises 170 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hazamagumi (間組).
Pricing & Floor Plans
Based on 78 past listings, prices have ranged from 930〜2,380万円 (approx. $62,000–$158,667 USD at ¥150/$).
Unit sizes range from 59.0–84.1 sqm (635–905 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4K (4-bedroom w/ kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥38.2万/sqm (approx. $2,547/sqm or $237/sqft).
Location & Neighborhood
The property is located at Sakaishi Sakai Ku Shichi Doutou Machi 182 (堺市堺区七道東町182), Osaka, Japan. It is a 6-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 170 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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