Overview of Roorerukooto Awaza (ローレルコート阿波座)
Roorerukooto Awaza (ローレルコート阿波座) is a 26-year-old condominium located at Oosakashi Nishiku Tachiuri Hori 4 Choume 7-14 (大阪市西区立売堀4丁目7-14), Osaka, Japan. Built in 2000, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fudou Kensetsu (不動建設).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,750〜6,298万円 (approx. $116,667–$419,867 USD at ¥150/$).
Unit sizes range from 50.7–76.0 sqm (546–818 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥75.6万/sqm (approx. $5,042/sqm or $468/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Tachiuri Hori 4 Choume 7-14 (大阪市西区立売堀4丁目7-14), 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 26 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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