Overview of Monteberude Higobashi (モンテベルデ肥後橋)
Monteberude Higobashi (モンテベルデ肥後橋) is a 43-year-old condominium located at Oosakashi Nishiku Edo Hori 2 Choume 2-23 (大阪市西区江戸堀2丁目2-23), Osaka, Japan. Built in 1983, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Aoki Kensetsu (青木建設).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 940〜3,950万円 (approx. $62,667–$263,333 USD at ¥150/$).
Unit sizes range from 27.1–75.7 sqm (292–815 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), 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥54.7万/sqm (approx. $3,647/sqm or $339/sqft).
Location & Neighborhood
The property is located at Oosakashi Nishiku Edo Hori 2 Choume 2-23 (大阪市西区江戸堀2丁目2-23), Osaka, Japan. It is a 10-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 43 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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