Overview of Gurandomezon Izumi Chuuou 1 Ban Kan (グランドメゾン和泉中央１番館)
Gurandomezon Izumi Chuuou 1 Ban Kan (グランドメゾン和泉中央１番館) is a 29-year-old condominium located at Izumi Shi Ibuki No 3 Choume 14-1 (和泉市いぶき野3丁目14-1), Osaka, Japan. Built in 1997, it comprises 136 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,980〜3,280万円 (approx. $132,000–$218,667 USD at ¥150/$).
Unit sizes range from 82.2–96.3 sqm (885–1037 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: ¥33.8万/sqm (approx. $2,255/sqm or $209/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 3 Choume 14-1 (和泉市いぶき野3丁目14-1), Osaka, Japan. It is a 3-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 136 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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