Overview of Faasutoavenyuu Izumigaoka (ファーストアヴェニュー泉ヶ丘)
Faasutoavenyuu Izumigaoka (ファーストアヴェニュー泉ヶ丘) is a 26-year-old condominium located at Sakaishi Minamiku Mihara Dai 1 Choume 1-1 (堺市南区三原台1丁目1-1), Osaka, Japan. Built in 2000, it comprises 112 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsuikensetsu , Ribaa Sangyou (三井建設、 リバー産業).
Pricing & Floor Plans
Based on 46 past listings, prices have ranged from 2,130〜3,980万円 (approx. $142,000–$265,333 USD at ¥150/$).
Unit sizes range from 76.9–90.2 sqm (828–971 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Sakaishi Minamiku Mihara Dai 1 Choume 1-1 (堺市南区三原台1丁目1-1), Osaka, Japan. It is a 5-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 26 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 112 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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