Overview of Famiiyu Izumisano H I N E N O (ふぁみーゆ泉佐野ＨＩＮＥＮＯ)
Famiiyu Izumisano H I N E N O (ふぁみーゆ泉佐野ＨＩＮＥＮＯ) is a 37-year-old condominium located at Izumisano Ichibi Ne No 7194 (泉佐野市日根野7194), Osaka, Japan. Built in 1989, it comprises 99 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi , Mitsuikensetsu (奥村組、 三井建設).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 730〜1,990万円 (approx. $48,667–$132,667 USD at ¥150/$).
Unit sizes range from 62.2–87.0 sqm (670–936 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-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 Izumisano Ichibi Ne No 7194 (泉佐野市日根野7194), 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 99 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.