Overview of Monteberude Senri Ouji Ike (モンテベルデ千里王子池)
Monteberude Senri Ouji Ike (モンテベルデ千里王子池) is a 29-year-old condominium located at Suitashi Yamada Nishi 3 Choume 56-1 (吹田市山田西3丁目56-1), Osaka, Japan. Built in 1997, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Aoki Kensetsu (青木建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥53.2万/sqm (approx. $3,545/sqm or $329/sqft).
Location & Neighborhood
The property is located at Suitashi Yamada Nishi 3 Choume 56-1 (吹田市山田西3丁目56-1), Osaka, Japan. It is a 8-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 29 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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