Overview of Ikeda Sumiyoshi Byuuhaitsu (池田住吉ビューハイツ)
Ikeda Sumiyoshi Byuuhaitsu (池田住吉ビューハイツ) is a 43-year-old condominium located at Ikeda Shi Sumiyoshi 1 Choume 14-17 (池田市住吉1丁目14-17), Osaka, Japan. Built in 1983, it comprises 76 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 890〜2,890万円 (approx. $59,333–$192,667 USD at ¥150/$).
Unit sizes range from 58.8–84.0 sqm (633–904 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.0万/sqm (approx. $1,732/sqm or $161/sqft).
Location & Neighborhood
The property is located at Ikeda Shi Sumiyoshi 1 Choume 14-17 (池田市住吉1丁目14-17), Osaka, Japan. It is a 10-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 76 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.
Analyze this property's fair price and negotiation room for free at RE:public.