Overview of Riibesuto Nakamozu (リーベストなかもず)
Riibesuto Nakamozu (リーベストなかもず) is a 27-year-old condominium located at Sakaishi Kitaku Nakamozu Machi 4 Choume 614-2 (堺市北区中百舌鳥町4丁目614-2), Osaka, Japan. Built in 1999, it comprises 48 units in a Reinforced Concrete (RC) structure. It was constructed by Morimoto Kumi (森本組).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,690〜4,280万円 (approx. $112,667–$285,333 USD at ¥150/$).
Unit sizes range from 58.4–85.6 sqm (629–921 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.5万/sqm (approx. $2,834/sqm or $263/sqft).
Location & Neighborhood
The property is located at Sakaishi Kitaku Nakamozu Machi 4 Choume 614-2 (堺市北区中百舌鳥町4丁目614-2), Osaka, Japan. It is a 6-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 27 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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