Overview of Gurandomezon Izumi Chuuou 2 Ban Kan (グランドメゾン和泉中央２番館)
Gurandomezon Izumi Chuuou 2 Ban Kan (グランドメゾン和泉中央２番館) is a 29-year-old condominium located at Izumi Shi Ibuki No 3 Choume 14-2 (和泉市いぶき野3丁目14-2), Osaka, Japan. Built in 1997, it comprises 40 units in a Reinforced Concrete (RC) structure. It was constructed by Fujita (フジタ).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,500〜3,180万円 (approx. $100,000–$212,000 USD at ¥150/$).
Unit sizes range from 59.5–93.9 sqm (640–1011 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 3 Choume 14-2 (和泉市いぶき野3丁目14-2), Osaka, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 29 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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