Overview of Esuriido Morishouji (エスリード森小路)
Esuriido Morishouji (エスリード森小路) is a 25-year-old condominium located at Oosakashi Asahiku Morishouji 1 Choume 2-1 (大阪市旭区森小路1丁目2-1), Osaka, Japan. Built in 2001, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 2,150〜3,180万円 (approx. $143,333–$212,000 USD at ¥150/$).
Unit sizes range from 61.6–76.6 sqm (663–825 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥37.4万/sqm (approx. $2,492/sqm or $232/sqft).
Location & Neighborhood
The property is located at Oosakashi Asahiku Morishouji 1 Choume 2-1 (大阪市旭区森小路1丁目2-1), Osaka, Japan. It is a 4-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 25 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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