Overview of Sanraizumanshon Ootori Higashi (サンライズマンション鳳東)
Sanraizumanshon Ootori Higashi (サンライズマンション鳳東) is a 39-year-old condominium located at Sakaishi Nishiku Ootori Higashichou 7 Choume 770-1 (堺市西区鳳東町7丁目770-1), Osaka, Japan. Built in 1987, it comprises 30 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kou (冨士工).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 940〜1,480万円 (approx. $62,667–$98,667 USD at ¥150/$).
Unit sizes range from 66.4–82.3 sqm (715–886 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), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.0万/sqm (approx. $1,069/sqm or $99/sqft).
Location & Neighborhood
The property is located at Sakaishi Nishiku Ootori Higashichou 7 Choume 770-1 (堺市西区鳳東町7丁目770-1), Osaka, Japan. It is a 13-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 39 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.
Analyze this property's fair price and negotiation room for free at RE:public.