Overview of Kosumohaimu Izumiootsu (コスモハイム泉大津)
Kosumohaimu Izumiootsu (コスモハイム泉大津) is a 32-year-old condominium located at Izumiootsu Shi Shinonomechou 15-35 (泉大津市東雲町15-35), Osaka, Japan. Built in 1994, it comprises 76 units in a Reinforced Concrete (RC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 1,280〜1,810万円 (approx. $85,333–$120,667 USD at ¥150/$).
Unit sizes range from 69.1–72.5 sqm (744–780 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.0万/sqm (approx. $1,601/sqm or $149/sqft).
Location & Neighborhood
The property is located at Izumiootsu Shi Shinonomechou 15-35 (泉大津市東雲町15-35), Osaka, Japan. It is a 8-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 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.
Analyze this property's fair price and negotiation room for free at RE:public.