Overview of Famiiruhaitsu Sakai 1 Ban Kan (ファミールハイツ堺１番館)
Famiiruhaitsu Sakai 1 Ban Kan (ファミールハイツ堺１番館) is a 32-year-old condominium located at Sakaishi Sakai Ku Umiyama Machi 2 Choume 116-1 (堺市堺区海山町2丁目116-1), Osaka, Japan. Built in 1994, it comprises 59 units in a Reinforced Concrete (RC) structure. It was constructed by Oomoto Kumi (大本組).
Pricing & Floor Plans
Based on 32 past listings, prices have ranged from 1,280〜2,790万円 (approx. $85,333–$186,000 USD at ¥150/$).
Unit sizes range from 60.7–78.8 sqm (653–848 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-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).
Estimated price per sqm: ¥33.4万/sqm (approx. $2,229/sqm or $207/sqft).
Location & Neighborhood
The property is located at Sakaishi Sakai Ku Umiyama Machi 2 Choume 116-1 (堺市堺区海山町2丁目116-1), Osaka, Japan. It is a 9-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 59 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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