Overview of Sanroodo Ooizumi (サンロード大泉)
Sanroodo Ooizumi (サンロード大泉) is a 38-year-old condominium located at Sakaishi Kitaku Naka Tamachi 118 (堺市北区南花田町118), Osaka, Japan. Built in 1988, it comprises 68 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 850〜1,980万円 (approx. $56,667–$132,000 USD at ¥150/$).
Unit sizes range from 60.3–82.5 sqm (649–888 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).
Estimated price per sqm: ¥19.4万/sqm (approx. $1,290/sqm or $120/sqft).
Location & Neighborhood
The property is located at Sakaishi Kitaku Naka Tamachi 118 (堺市北区南花田町118), Osaka, Japan. It is a 18-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 68 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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