Overview of Higashioosaka Nagata Paakuhoomuzu (東大阪長田パークホームズ)
Higashioosaka Nagata Paakuhoomuzu (東大阪長田パークホームズ) is a 30-year-old condominium located at Higashioosakashi Nagata 3 Choume 3-3 (東大阪市長田3丁目3-3), Osaka, Japan. Built in 1996, it comprises 47 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuifudousan Kensetsu , Fujiki Koumuten (三井不動産建設、 藤木工務店).
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 1,400〜2,180万円 (approx. $93,333–$145,333 USD at ¥150/$).
Unit sizes range from 65.1–69.8 sqm (701–751 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).
Location & Neighborhood
The property is located at Higashioosakashi Nagata 3 Choume 3-3 (東大阪市長田3丁目3-3), Osaka, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
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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