Overview of Repia Izumi Chuuou (レピア和泉中央)
Repia Izumi Chuuou (レピア和泉中央) is a 23-year-old condominium located at Izumi Shi Nozomi No 2 Choume 4-9 (和泉市のぞみ野2丁目4-9), Osaka, Japan. Built in 2003, it comprises 79 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kensetsu (不二建設).
Pricing & Floor Plans
Based on 39 past listings, prices have ranged from 1,530〜2,680万円 (approx. $102,000–$178,667 USD at ¥150/$).
Unit sizes range from 66.7–86.7 sqm (718–933 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Izumi Shi Nozomi No 2 Choume 4-9 (和泉市のぞみ野2丁目4-9), Osaka, Japan. It is a 9-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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 79 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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