Overview of Nobakaneichi Katsuyamakouen (ノバカネイチ勝山公園)
Nobakaneichi Katsuyamakouen (ノバカネイチ勝山公園) is a 39-year-old condominium located at Oosakashi Ikuno Ku Katsuyama Minami 4 Choume 1-12 (大阪市生野区勝山南4丁目1-12), Osaka, Japan. Built in 1987, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Morita Kensetsu (モリタ建設).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 700〜2,499万円 (approx. $46,667–$166,600 USD at ¥150/$).
Unit sizes range from 37.4–52.7 sqm (403–567 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3K (3-bedroom w/ kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥39.7万/sqm (approx. $2,646/sqm or $246/sqft).
Location & Neighborhood
The property is located at Oosakashi Ikuno Ku Katsuyama Minami 4 Choume 1-12 (大阪市生野区勝山南4丁目1-12), Osaka, Japan. It is a 15-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 39 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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