Overview of Raveeru Izumi Chuuou (ラヴェール和泉中央)
Raveeru Izumi Chuuou (ラヴェール和泉中央) is a 29-year-old condominium located at Izumi Shi Ibuki No 3 Choume 5-1 ~ 6 (和泉市いぶき野3丁目5-1〜6), Osaka, Japan. Built in 1997, it comprises 225 units in a Reinforced Concrete (RC) structure. It was constructed by Chuudou Kumi (中道組).
Pricing & Floor Plans
Based on 92 past listings, prices have ranged from 1,280〜2,890万円 (approx. $85,333–$192,667 USD at ¥150/$).
Unit sizes range from 67.9–100.9 sqm (731–1086 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.2万/sqm (approx. $1,748/sqm or $162/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 3 Choume 5-1 ~ 6 (和泉市いぶき野3丁目5-1〜6), Osaka, Japan. It is a 7-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 225 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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