Overview of Paresu Kitanoda (パレス北野田)
Paresu Kitanoda (パレス北野田) is a 33-year-old condominium located at Sakaishi Nakaku Fukuda 307-1 (堺市中区福田307-1), Osaka, Japan. Built in 1993, it comprises 86 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Kooporeeshon (長谷工コーポレーション).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 630〜1,800万円 (approx. $42,000–$120,000 USD at ¥150/$).
Unit sizes range from 60.9–89.4 sqm (656–962 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), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.5万/sqm (approx. $1,164/sqm or $108/sqft).
Location & Neighborhood
The property is located at Sakaishi Nakaku Fukuda 307-1 (堺市中区福田307-1), Osaka, Japan. It is a 22-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 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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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