Overview of Roorerukooto Izumigaoka (ローレルコート泉ヶ丘)
Roorerukooto Izumigaoka (ローレルコート泉ヶ丘) is a 26-year-old condominium located at Sakaishi Minamiku Wakamatsu Dai 2 Choume 1-2 (堺市南区若松台2丁目1-2), Osaka, Japan. Built in 2000, it comprises 61 units in a Reinforced Concrete (RC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,990〜2,998万円 (approx. $132,667–$199,867 USD at ¥150/$).
Unit sizes range from 68.6–94.0 sqm (738–1012 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).
Estimated price per sqm: ¥38.4万/sqm (approx. $2,561/sqm or $238/sqft).
Location & Neighborhood
The property is located at Sakaishi Minamiku Wakamatsu Dai 2 Choume 1-2 (堺市南区若松台2丁目1-2), Osaka, Japan. It is a 12-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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 61 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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