Overview of Neoiisu Katsuyama Kita Paakusaido (ネオイース勝山北パークサイド)
Neoiisu Katsuyama Kita Paakusaido (ネオイース勝山北パークサイド) is a 34-year-old condominium located at Oosakashi Ikuno Ku Katsuyama Kita 3 Choume 16-34 (大阪市生野区勝山北3丁目16-34), Osaka, Japan. Built in 1992, it comprises 16 units in a Reinforced Concrete (RC) structure. It was constructed by Hase Kou Toshi Kaihatsu (長谷工都市開発).
Pricing & Floor Plans
Based on 10 past listings, prices have ranged from 1,830〜3,680万円 (approx. $122,000–$245,333 USD at ¥150/$).
Unit sizes range from 66.0–71.2 sqm (710–766 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.4万/sqm (approx. $3,094/sqm or $287/sqft).
Location & Neighborhood
The property is located at Oosakashi Ikuno Ku Katsuyama Kita 3 Choume 16-34 (大阪市生野区勝山北3丁目16-34), Osaka, Japan. It is a 14-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 34 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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