Overview of Verubyu Minoo Yamate (ヴェルビュ箕面山手)
Verubyu Minoo Yamate (ヴェルビュ箕面山手) is a 28-year-old condominium located at Minoo Shi Nyoi Tani 3 Choume 1-31 (箕面市如意谷3丁目1-31), Osaka, Japan. Built in 1998, it comprises 13 units in a Reinforced Concrete (RC) structure. It was constructed by Morita Kensetsu (モリタ建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 1,430〜2,380万円 (approx. $95,333–$158,667 USD at ¥150/$).
Unit sizes range from 78.6–87.7 sqm (846–944 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.4万/sqm (approx. $1,557/sqm or $145/sqft).
Location & Neighborhood
The property is located at Minoo Shi Nyoi Tani 3 Choume 1-31 (箕面市如意谷3丁目1-31), 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 28 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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