Overview of Mezondooru Sumiyoshi Sawa Yuki Machi Kouen (メゾンドール住吉沢之町公園)
Mezondooru Sumiyoshi Sawa Yuki Machi Kouen (メゾンドール住吉沢之町公園) is a 42-year-old condominium located at Oosakashi Sumiyoshi Ku Minami Sumiyoshi 3 Choume 16-8 (大阪市住吉区南住吉3丁目16-8), Osaka, Japan. Built in 1984, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 900〜1,780万円 (approx. $60,000–$118,667 USD at ¥150/$).
Unit sizes range from 46.8–58.5 sqm (504–630 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room).
Estimated price per sqm: ¥29.8万/sqm (approx. $1,984/sqm or $184/sqft).
Location & Neighborhood
The property is located at Oosakashi Sumiyoshi Ku Minami Sumiyoshi 3 Choume 16-8 (大阪市住吉区南住吉3丁目16-8), Osaka, Japan. It is a 6-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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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