Overview of Sukematsu Paakuhoomuzu (助松パークホームズ)
Sukematsu Paakuhoomuzu (助松パークホームズ) is a 36-year-old condominium located at Izumiootsu Shi Tousuke Matsu Machi 2 Choume 3-4 (泉大津市東助松町2丁目3-4), Osaka, Japan. Built in 1990, it comprises 95 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 1,080〜2,580万円 (approx. $72,000–$172,000 USD at ¥150/$).
Unit sizes range from 57.4–131.3 sqm (618–1413 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 5SSLDK (5-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.7万/sqm (approx. $1,381/sqm or $128/sqft).
Location & Neighborhood
The property is located at Izumiootsu Shi Tousuke Matsu Machi 2 Choume 3-4 (泉大津市東助松町2丁目3-4), Osaka, Japan. It is a 7-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 95 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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