Overview of Rumon Awaji Higashi (ルモン淡路東)
Rumon Awaji Higashi (ルモン淡路東) is a 42-year-old condominium located at Oosakashi Higashiyodogawa Ku Sugawara 1 Choume 1-29 (大阪市東淀川区菅原1丁目1-29), Osaka, Japan. Built in 1984, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,050〜2,198万円 (approx. $70,000–$146,533 USD at ¥150/$).
Unit sizes range from 50.7–68.2 sqm (546–734 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.4万/sqm (approx. $2,157/sqm or $200/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashiyodogawa Ku Sugawara 1 Choume 1-29 (大阪市東淀川区菅原1丁目1-29), 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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 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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