Overview of Nobakaneichi Taishou (ノバカネイチ大正)
Nobakaneichi Taishou (ノバカネイチ大正) is a 45-year-old condominium located at Oosakashidai Sei Ku Izuo 1 Choume 17-30 (大阪市大正区泉尾1丁目17-30), Osaka, Japan. Built in 1981, it comprises 87 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi (淺沼組).
Pricing & Floor Plans
Based on 66 past listings, prices have ranged from 500〜2,798万円 (approx. $33,333–$186,533 USD at ¥150/$).
Unit sizes range from 35.6–78.8 sqm (383–848 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥29.6万/sqm (approx. $1,973/sqm or $183/sqft).
Location & Neighborhood
The property is located at Oosakashidai Sei Ku Izuo 1 Choume 17-30 (大阪市大正区泉尾1丁目17-30), Osaka, Japan. It is a 11-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 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 87 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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