Overview of Raionzumanshon Izumi Uemachi (ライオンズマンション和泉上町)
Raionzumanshon Izumi Uemachi (ライオンズマンション和泉上町) is a 32-year-old condominium located at Izumi Shijou Machi 151-1 (和泉市上町151-1), Osaka, Japan. Built in 1994, it comprises 127 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tada Kensetsu (多田建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 630〜1,190万円 (approx. $42,000–$79,333 USD at ¥150/$).
Unit sizes range from 53.7–58.8 sqm (578–633 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.9万/sqm (approx. $1,124/sqm or $104/sqft).
Location & Neighborhood
The property is located at Izumi Shijou Machi 151-1 (和泉市上町151-1), 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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 127 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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