Overview of Nobakaneichi Midori Hashi (ノバカネイチ緑橋)
Nobakaneichi Midori Hashi (ノバカネイチ緑橋) is a 44-year-old condominium located at Oosakashi Higashinari Ku Higashinaka Hon 2 Choume 2-10 (大阪市東成区東中本2丁目2-10), Osaka, Japan. Built in 1982, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 790〜2,280万円 (approx. $52,667–$152,000 USD at ¥150/$).
Unit sizes range from 41.5–69.3 sqm (447–746 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2K (2-bedroom w/ kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥34.4万/sqm (approx. $2,290/sqm or $213/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashinari Ku Higashinaka Hon 2 Choume 2-10 (大阪市東成区東中本2丁目2-10), Osaka, Japan. It is a 2-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 44 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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