Overview of Noba Nagaikouen 2 Ban Kan (ノバ長居公園２番館)
Noba Nagaikouen 2 Ban Kan (ノバ長居公園２番館) is a 30-year-old condominium located at Oosakashi Higashisumiyoshi Ku Takaai 4 Choume 12-23 (大阪市東住吉区鷹合4丁目12-23), Osaka, Japan. Built in 1996, it comprises 21 units in a Reinforced Concrete (RC) structure. It was constructed by Kasumi Haruta Koumuten (霞治田工務店).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,200〜2,499万円 (approx. $80,000–$166,600 USD at ¥150/$).
Unit sizes range from 55.5–58.4 sqm (597–629 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥42.2万/sqm (approx. $2,813/sqm or $261/sqft).
Location & Neighborhood
The property is located at Oosakashi Higashisumiyoshi Ku Takaai 4 Choume 12-23 (大阪市東住吉区鷹合4丁目12-23), Osaka, Japan. It is a 12-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 30 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.
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