Overview of Nebaarando Suminoe Kouen (ネバーランド住之江公園)
Nebaarando Suminoe Kouen (ネバーランド住之江公園) is a 25-year-old condominium located at Oosakashi Suminoe Ku Misaki 2 Choume 6-3 (大阪市住之江区御崎2丁目6-3), Osaka, Japan. Built in 2001, it comprises 36 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Taiheikougyou (太平工業).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,680〜2,780万円 (approx. $112,000–$185,333 USD at ¥150/$).
Unit sizes range from 58.2–84.1 sqm (626–905 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Oosakashi Suminoe Ku Misaki 2 Choume 6-3 (大阪市住之江区御崎2丁目6-3), Osaka, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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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